Vise Technologies Inc. Purchases Shares of 21,428 Avnet, Inc. $AVT

Vise Technologies Inc. purchased a new stake in Avnet, Inc. (NASDAQ:AVT) during the 2nd quarter, HoldingsChannel reports. The fund purchased 21,428 shares of the company’s stock, valued at approximately $1,137,000.

A number of other large investors have also bought and sold shares of the business. MassMutual Private Wealth & Trust FSB lifted its position in shares of Avnet by 109.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 528 shares of the company’s stock valued at $28,000 after buying an additional 276 shares during the last quarter. SVB Wealth LLC purchased a new stake in Avnet in the first quarter worth $54,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Avnet during the second quarter worth about $59,000. Caitong International Asset Management Co. Ltd increased its stake in Avnet by 877.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,310 shares of the company’s stock worth $63,000 after purchasing an additional 1,176 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of Avnet in the 1st quarter worth about $90,000. 95.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Avnet Stock Performance

AVT traded down $0.15 on Thursday, hitting $47.03. 46,659 shares of the stock traded hands, compared to its average volume of 850,089. The business has a fifty day moving average price of $51.30 and a two-hundred day moving average price of $52.12. Avnet, Inc. has a 52 week low of $39.22 and a 52 week high of $57.24. The firm has a market capitalization of $3.82 billion, a PE ratio of 17.53, a P/E/G ratio of 0.36 and a beta of 1.05. The company has a current ratio of 2.36, a quick ratio of 1.16 and a debt-to-equity ratio of 0.58.

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

Avnet Increases Dividend

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

Avnet Company 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.