AVX Corp (NYSE:AVX)

Technology stocks are being bled-out at the moment, but I honed in on AVX Corp. because it has some compelling numbers, and it is one of the with a dividend, which pays 1.85%. There doesn't seem to be a lot of analysts tracking it, but the company has a market cap slightly more than $2B, with TTM income around $260M.

At current price, P/B is 0.96, P/S is 1.2, and P/C is 2.57. When a company with a history of growth, and good potential to keep growing is trading at just 2.5 times their cash, it is worth noting. Additionally, the company has no debt at all, and the balance sheet shows $380M in cash and another $400M in short-term investments as of March. Their March MRQ liabilities are virtually non-existent, just $279M, only marginally more than their March MRQ net income of $244M, on more than $420M in revenue.

From the most recent 10Q, covering the period to June 30th, net sales increased to $436M, gross profit came in at $125M, with net income at $67.6M, giving them diluted EPS of $0.40, compared to $0.31 Q/Q.

I'm not an avid follower of their technologies, I only honed in on AVX because of their quality financials and balance sheet. Back in June Zacks added AVX to their #1 rank strong buy list, which may be meaningless but shows at least one vote of confidence.

Judging by other news about the company, they appear to be one of the leaders in various technologies, including surface mount capacitors, ultra low-profile LED lighting connectors, and other passive and interconnect components. But they appear to be getting dumped along with the bath water.