32,568 Shares in Avnet, Inc. $AVT Purchased by Seizert Capital Partners LLC

Seizert Capital Partners LLC bought a new stake in shares of Avnet, Inc. (NASDAQ:AVT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 32,568 shares of the company’s stock, valued at approximately $1,729,000.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its stake in Avnet by 10.8% in the first quarter. American Century Companies Inc. now owns 3,880,865 shares of the company’s stock worth $186,631,000 after buying an additional 378,440 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Avnet by 44.9% in the 1st quarter. Woodline Partners LP now owns 1,055,356 shares of the company’s stock valued at $50,752,000 after acquiring an additional 327,195 shares during the period. SG Capital Management LLC purchased a new position in shares of Avnet in the 2nd quarter valued at $16,941,000. Boston Partners raised its position in shares of Avnet by 47.8% in the 2nd quarter. Boston Partners now owns 739,195 shares of the company’s stock worth $39,095,000 after acquiring an additional 239,226 shares in the last quarter. Finally, Pzena Investment Management LLC lifted 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. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Avnet Stock Up 0.4%

AVT stock opened at $45.18 on Wednesday. The stock has a market capitalization of $3.67 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.36 and a beta of 1.05. Avnet, Inc. has a 52 week low of $39.22 and a 52 week high of $57.24. The company has a quick ratio of 1.16, a current ratio of 2.36 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $50.69 and a 200 day moving average of $52.03.

Avnet (NASDAQ:AVT) last posted its quarterly 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. 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 analysts’ expectations of $5.73 billion. During the same quarter last year, the company posted $0.92 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS. Sell-side analysts forecast that Avnet, Inc. will post 3.41 earnings per share for the current year.

Avnet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Wednesday, September 17th were given 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 yield of 3.1%. This is an increase from Avnet’s previous quarterly dividend of $0.33. Avnet’s payout ratio is presently 52.24%.

Wall Street Analyst Weigh In

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

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.