Avnet, Inc. (NASDAQ:AVT) Receives Consensus Rating of “Hold” from Brokerages

Avnet, Inc. (NASDAQ:AVT) has received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $59.3333.

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research note on Thursday, January 29th. Wall Street Zen upgraded Avnet from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Zacks Research upgraded Avnet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Weiss Ratings cut Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Finally, Truist Financial upgraded Avnet from a “hold” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $80.00 in a research note on Monday, April 13th.

Institutional Investors Weigh In On Avnet

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Avnet by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 10,783,059 shares of the company’s stock worth $563,738,000 after acquiring an additional 214,290 shares during the last quarter. American Century Companies Inc. increased its holdings in Avnet by 3.4% in the 3rd quarter. American Century Companies Inc. now owns 3,751,726 shares of the company’s stock worth $196,140,000 after acquiring an additional 124,466 shares during the last quarter. AQR Capital Management LLC increased its holdings in Avnet by 30.7% in the 4th quarter. AQR Capital Management LLC now owns 2,961,608 shares of the company’s stock worth $142,394,000 after acquiring an additional 695,929 shares during the last quarter. LSV Asset Management increased its holdings in Avnet by 7.6% in the 4th quarter. LSV Asset Management now owns 2,811,171 shares of the company’s stock worth $135,161,000 after acquiring an additional 197,400 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in Avnet by 5.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,011,676 shares of the company’s stock worth $105,170,000 after acquiring an additional 101,873 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Avnet Price Performance

Shares of NASDAQ:AVT opened at $75.63 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $64.68 and its two-hundred day simple moving average is $55.79. Avnet has a 1-year low of $44.25 and a 1-year high of $76.20. The stock has a market cap of $6.19 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90.

Avnet (NASDAQ:AVT) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.10. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The business had revenue of $6.32 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same period last year, the business earned $0.87 EPS. The business’s revenue was up 11.6% on a year-over-year basis. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, analysts forecast that Avnet will post 4.62 EPS for the current fiscal year.

Avnet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, March 4th. Avnet’s payout ratio is presently 57.38%.

Avnet Company Profile

Avnet, Inc (NASDAQ: AVT) is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet’s offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.