Hot Managed Healthcare Companies To Own For 2016: AVX Corp (AVX)
AVX Corporation (AVX), incorporated on September 19, 1989, is a manufacturer and supplier of a broad line of passive electronic components and related products. All 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, varistors, filters and other components manufactured in its facilities throughout the world and passive components manufactured by Kyocera Corporation of Japan (Kyocera). It also manufactures and sells electronic connectors and inter-connect systems and distribute and sell certain electronic connectors manufactured by Kyocera. It is organized by product line with five main product groups. AVX operates in three segments: Passive Components, Kyocera Electronic Devices (KED Resale) and Interconnect. On February 6, 2013, it acquired tantalum solid electrolytic capacitor related businesses from NICHICON CORP.
through manufacturing representatives and independent electronic component distributors. The Passive Components segment consists primarily of surface mount and leaded ceramic capacitors, radio frequency (RF) thick and thin film components, tantalum capacitors, film capacitors, ceramic and film power capacitors, super capacitors, electromagnetic interference (EMI) filters, thick and thin film packages, varistors, thermistors, inductors and resistive products. 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, and resold by AVX. The Interconnect segment consists primarily of AVX Interconnect (formerly Elco) automotive, telecom and memory connectors manufactured by AVX.
Passive Components
AVX manufactures a range of multi-layered ceramic and solid tantalum capacitors in many different sizes and configurations. The C! ompany also offers a line of advanced passive component products to fill the special needs of the customers. Its family of passive components also includes film capacitors, high energy/voltage power capacitors, and varistors. Its advanced products engineers work with some customers' in-house technical staffs to design, produce, and manufacture customized products to meet the specifications of particular applications. Sales of advanced products accounted for approximately 41% of passive component net sales during the fiscal year ended March 31, 2013 (fiscal 2013).
KED Resale
AVX has a non-exclusive license to distribute and sell certain Kyocera manufactured electronic component and connector products to certain customers and in certain territories outside of Japan. The Company's distribution and sale of certain Kyocera products broadens its range of products and further facilitates its ability to offer one-stop shopping for the customers' electron ic components needs. The Kyocera KDP and KKC electronic components it sells include ceramic capacitors, RF modules, frequency control devices, SAW devices, sensor products, actuators, and acoustic devices. Resale product sales also include connectors manufactured by Kyocera. Sales of these products accounted for approximately 31% of net sales in fiscal 2013.
Interconnect
AVX manufactures and sells electronic connectors and interconnect systems for use in the telecommunications, information technology hardware, automotive electronics, medical device, defense and aerospace industries. The Company's product lines include a range of industry-standard connectors, as well as products designed specifically for the customers' applications. It produces fine pitch connectors used in portable devices, such as smart phones, other cell pho! nes, note! book computers, global positioning system (GPS), and other hand held devices. In addition, it offers specialty c onnectors designed to address customer specific applications! across a! range of products and end markets. Approximately 33% of combined Interconnect and KEC Resale Connector net sales in fiscal 2013 consisted of connectors manufactured by Kyocera.
The Company competes with Murata Manufacturing Company Ltd, TDK Corporation, KEMET Corporation, NEC Corporation, Yageo Corporation, Taiyo Yuden Co. Ltd., Samsung Electro-Mechanics, Vishay Intertechnology, Inc., Tyco Electronics, Amphenol, Molex Incorporated, FCI and Erni Electronics.
Advisors' Opinion:- [By Ben Levisohn]
Competitor AVX Corp. (AVX) has gained 1.1% to $12.96, while Molex (MOLX) has dropped 0.2% to $29.28 and Amphenol (APH) has ticked up 0.3% to $76.32.
source from Top Stocks For 2015:http://www.topstocksblog.com/hot-managed-healthcare-companies-to-own-for-2016.html
