Avnet, Inc. $AVT Shares Sold by Lind Value II ApS

Lind Value II ApS trimmed its position in Avnet, Inc. (NASDAQ:AVT) by 16.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 833,931 shares of the company’s stock after selling 169,966 shares during the quarter. Avnet makes up approximately 19.5% of Lind Value II ApS’s portfolio, making the stock its 2nd largest position. Lind Value II ApS’s holdings in Avnet were worth $44,265,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC lifted its position in shares of Avnet by 2.9% in the 2nd quarter. Pzena Investment Management LLC now owns 7,341,299 shares of the company’s stock valued at $389,676,000 after acquiring an additional 209,003 shares in the last quarter. American Century Companies Inc. raised its stake in Avnet by 10.8% during the 1st quarter. American Century Companies Inc. now owns 3,880,865 shares of the company’s stock valued at $186,631,000 after purchasing an additional 378,440 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in Avnet by 5.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,581,227 shares of the company’s stock valued at $124,131,000 after purchasing an additional 134,372 shares during the period. Earnest Partners LLC grew its holdings in shares of Avnet by 3.4% during the first quarter. Earnest Partners LLC now owns 1,520,075 shares of the company’s stock valued at $73,100,000 after buying an additional 50,041 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Avnet by 7.9% during the first quarter. AQR Capital Management LLC now owns 1,334,817 shares of the company’s stock valued at $63,043,000 after buying an additional 97,466 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Avnet Trading Up 0.5%

NASDAQ:AVT opened at $48.45 on Friday. The stock’s 50 day moving average price is $52.39 and its 200 day moving average price is $52.20. Avnet, Inc. has a 52 week low of $39.22 and a 52 week high of $57.68. The company has a market capitalization of $4.03 billion, a P/E ratio of 18.08, a P/E/G ratio of 0.36 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.16 and a current ratio of 2.36.

Avnet (NASDAQ:AVT) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. Avnet had a net margin of 1.04% and a return on equity of 5.91%. The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the previous year, the business earned $0.92 EPS. Avnet’s quarterly revenue was up 5.3% compared to the same quarter last year. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS. On average, research analysts forecast that Avnet, Inc. will post 3.41 EPS for the current fiscal year.

Avnet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Wednesday, September 17th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from Avnet’s previous quarterly dividend of $0.33. Avnet’s payout ratio is currently 52.24%.

Analyst Upgrades and Downgrades

AVT has been the topic of a number of research analyst reports. Zacks Research upgraded Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Truist Financial raised their price objective on Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Avnet in a research report on Wednesday, October 8th. Finally, Bank of America increased their price target on shares of Avnet from $48.00 to $50.00 and gave the stock an “underperform” rating in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $49.33.

About Avnet

Avnet, Inc, distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers.