Royce Associates Lp Lowers stake in AVX Corporation (AVX)

AVX Corporation (AVX) : Royce Associates Lp reduced its stake in AVX Corporation by 12.32% during the most recent quarter end. The investment management company now holds a total of 9,039,906 shares of AVX Corporation which is valued at $135,508,191 after selling 1,270,570 shares in AVX Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.AVX Corporation makes up approximately 0.85% of Royce Associates Lp’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp boosted its stake in AVX in the latest quarter, The investment management firm added 65,491 additional shares and now holds a total of 125,342 shares of AVX Corporation which is valued at $1,878,877. AVX Corporation makes up approx 0.01% of Two Sigma Investments Lp’s portfolio.Tfs Capital boosted its stake in AVX in the latest quarter, The investment management firm added 90,408 additional shares and now holds a total of 104,950 shares of AVX Corporation which is valued at $1,514,429. AVX Corporation makes up approx 0.37% of Tfs Capital’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in AVX by selling 36,254 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 1,096,631 shares of AVX which is valued at $15,583,127.Tiaa Cref Investment Management boosted its stake in AVX in the latest quarter, The investment management firm added 3,274 additional shares and now holds a total of 159,072 shares of AVX Corporation which is valued at $2,260,413.Rhumbline Advisers boosted its stake in AVX in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 58,674 shares of AVX Corporation which is valued at $833,758.

AVX Corporation opened for trading at $14.9 and hit $15.07 on the upside on Monday, eventually ending the session at $15.07, with a gain of 1.41% or 0.21 points. The heightened volatility saw the trading volume jump to 1,32,707 shares. Company has a market cap of $2,520 M.

On the company’s financial health, AVX Corporation reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $0.16. The company had revenue of $327.50 million for the quarter, compared to analysts expectations of $316.40 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

AVX Corporation (AVX) is a manufacturer and supplier and reseller of a line of passive electronic components interconnect devices and related products. AVX operates in three segments: Passive Components Kyocera Electronic Devices (KED Resale) and Interconnect. The Passive Components segment consists primarily of surface mount and leaded ceramic capacitors radio frequency (RF) thick and thin film components surface mount and leaded tantalum capacitors surface mount and leaded film capacitors ceramic and film power capacitors among others. The KED Resale segment consists primarily of ceramic capacitors frequency control devices surface acoustic wave (SAW) devices sensor products RF modules actuators acoustic devices and connectors produced by Kyocera Corporation and resold by AVX. The Interconnect segment consists primarily of AVX Interconnect automotive telecom and memory connectors manufactured by or for AVX.

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