Breaking: Is Buying 52-Week Stock Like AVX Corporation a Winning Strategy?

Breaking: Is Buying 52 Week Stock Like AVX Corporation a Winning Strategy?

The stock of AVX Corporation (NYSE:AVX) hit a new 52-week high and has $16.39 target or 7.00% above today’s $15.32 share price. The 5 months bullish chart indicates low risk for the $2.54 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $16.39 price target is reached, the company will be worth $177.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.12% or $0.17 during the last trading session, hitting $15.32. About 42,965 shares traded hands. AVX Corporation (NYSE:AVX) has risen 21.49% since April 22, 2016 and is uptrending. It has outperformed by 16.08% the S&P500.

Analysts await AVX Corporation (NYSE:AVX) to report earnings on January, 24. They expect $0.20 EPS, up 17.65% or $0.03 from last year’s $0.17 per share. AVX’s profit will be $33.16M for 19.15 P/E if the $0.20 EPS becomes a reality. After $0.15 actual EPS reported by AVX Corporation for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

According to Zacks Investment Research, “AVX Corporation is a leading worldwide manufacturer and supplier of a broad line of passive electronic components and related products. The company’s passive electronic component sales include ceramic and tantalum capacitors, both in leaded and surface-mount versions, film capacitors, ferrites, varistors and non-linear resistors manufactured in the company’s facilities. The company also manufactures and sells electronic connectors and distributes and sells certain connectors.”

Insitutional Activity: The institutional sentiment increased to 1.53 in 2016 Q2. Its up 0.68, from 0.85 in 2016Q1. The ratio is positive, as 14 funds sold all AVX Corporation shares owned while 40 reduced positions. 8 funds bought stakes while 38 increased positions. They now own 30.68 million shares or 26.05% less from 41.48 million shares in 2016Q1.
Blackrock Fund holds 0% of its portfolio in AVX Corporation (NYSE:AVX) for 1.21 million shares. Bancorp Of New York Mellon Corporation has 879,755 shares for 0% of their US portfolio. Price T Rowe Associates Md accumulated 0.02% or 5.92M shares. First Manhattan Com holds 0% of its portfolio in AVX Corporation (NYSE:AVX) for 400 shares. Citadel Advisors Limited Company holds 0.01% or 355,751 shares in its portfolio. Dean Capital Mngmt holds 1.87% or 100,170 shares in its portfolio. Northern Trust reported 545,593 shares or 0% of all its holdings. Neuberger Berman Gp Ltd Com accumulated 73,425 shares or 0% of the stock. Ftb holds 500 shares or 0% of its portfolio. California Public Employees Retirement System holds 0% of its portfolio in AVX Corporation (NYSE:AVX) for 119,600 shares. Alliancebernstein Lp accumulated 0% or 80,900 shares. The Minnesota-based Us State Bank De has invested 0% in AVX Corporation (NYSE:AVX). Ladenburg Thalmann Finance Services accumulated 1,600 shares or 0% of the stock. Zebra Mngmt Lc holds 0.33% of its portfolio in AVX Corporation (NYSE:AVX) for 69,854 shares. Teacher Retirement System Of Texas has 0% invested in the company for 7,020 shares.

Insider Transactions: Since August 30, 2016, the stock had 0 insider purchases, and 1 insider sale for $130,993 net activity. On Tuesday, August 30 THOMAS KEITH sold $130,993 worth of the stock or 9,498 shares.

More recent AVX Corporation (NYSE:AVX) news were published by: Businesswire.com which released: “AVX Corporation Schedules Second Quarter Earnings Conference Call” on October 07, 2016. Also Nasdaq.com published the news titled: “AVX Corporation (AVX) Ex-Dividend Date Scheduled for November 03, 2016” on November 02, 2016. Nasdaq.com‘s news article titled: “AVX Corporation (AVX) Ex-Dividend Date Scheduled for June 01, 2016” with publication date: May 31, 2016 was also an interesting one.

AVX Company Profile

AVX Corporation (AVX), incorporated on October 19, 1989, is a maker and supplier and reseller of a line of passive electronic components, interconnect devices and related products. AVX operates in three divisions: Passive Components, Kyocera Electronic Devices (KED Resale) and Interconnect. Various types of electronic devices use AVX’s passive component products to store, filter or regulate electric energy. The Company’s passive electronic component products include ceramic and tantalum capacitors, film capacitors, filters and other components manufactured in its facilities throughout the world, and passive components manufactured by Kyocera Corporation of Japan (Kyocera). It also makes and sells electronic connectors and inter-connect systems, and distributes and sells certain electronic connectors manufactured by Kyocera. It is organized by product line with approximately five product groups.

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