CSM Advisors LLC Buys Shares of 109,227 Avnet, Inc. $AVT

CSM Advisors LLC bought a new position in Avnet, Inc. (NASDAQ:AVT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 109,227 shares of the company’s stock, valued at approximately $5,798,000.

Several other institutional investors have also made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Avnet by 10.8% in the 1st quarter. American Century Companies Inc. now owns 3,880,865 shares of the company’s stock valued at $186,631,000 after buying an additional 378,440 shares in the last quarter. Woodline Partners LP grew its position in Avnet by 44.9% in the first quarter. Woodline Partners LP now owns 1,055,356 shares of the company’s stock worth $50,752,000 after acquiring an additional 327,195 shares in the last quarter. Pzena Investment Management LLC increased its stake in shares of Avnet by 2.9% during the 2nd quarter. Pzena Investment Management LLC now owns 7,341,299 shares of the company’s stock worth $389,676,000 after purchasing an additional 209,003 shares during the last quarter. Nuveen LLC acquired a new position in shares of Avnet during the 1st quarter worth $9,703,000. Finally, Gotham Asset Management LLC raised its holdings in shares of Avnet by 96.1% during the 1st quarter. Gotham Asset Management LLC now owns 369,807 shares of the company’s stock valued at $17,784,000 after purchasing an additional 181,246 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Avnet Trading Up 0.2%

Shares of NASDAQ:AVT opened at $47.26 on Monday. Avnet, Inc. has a 52-week low of $39.22 and a 52-week high of $57.24. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.16 and a current ratio of 2.36. The company has a market cap of $3.84 billion, a P/E ratio of 17.63, a P/E/G ratio of 0.36 and a beta of 1.05. The stock’s 50-day moving average is $51.66 and its 200-day moving average is $52.23.

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

Avnet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 17th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. This is an increase from Avnet’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, September 17th. Avnet’s payout ratio is presently 52.24%.

Analysts Set New Price Targets

AVT has been the subject of a number of recent research reports. Bank of America upped their price objective on shares of Avnet from $48.00 to $50.00 and gave the stock an “underperform” rating in a report on Monday, August 11th. Zacks Research upgraded Avnet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Finally, Truist Financial boosted their target price on Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $49.33.

Avnet Profile

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.