Avnet, Inc. (NASDAQ:AVT – Get Free Report) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $89.00.
Several analysts have recently issued reports on the company. Weiss Ratings downgraded Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Bank of America upgraded Avnet from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $66.00 to $96.00 in a research report on Wednesday. Zacks Research upgraded Avnet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Wells Fargo & Company upped their price objective on Avnet from $60.00 to $70.00 and gave the company an “underweight” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded Avnet from a “strong-buy” rating to a “buy” rating in a research report on Sunday.
Check Out Our Latest Stock Report on Avnet
Insider Buying and Selling
Hedge Funds Weigh In On Avnet
Institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new position in shares of Avnet during the 3rd quarter worth about $616,000. Candriam S.C.A. acquired a new position in shares of Avnet during the 3rd quarter worth about $2,064,000. Vanguard Group Inc. boosted its stake in shares of Avnet by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 10,783,059 shares of the company’s stock worth $563,738,000 after buying an additional 214,290 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Avnet by 7,002.0% during the 3rd quarter. Bessemer Group Inc. now owns 28,053 shares of the company’s stock worth $1,466,000 after buying an additional 27,658 shares during the last quarter. Finally, Polaris Capital Management LLC acquired a new position in shares of Avnet during the 3rd quarter worth about $1,861,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.
Avnet Trading Up 5.0%
Shares of AVT stock opened at $86.22 on Monday. The business’s fifty day moving average price is $68.64 and its 200 day moving average price is $58.53. Avnet has a 1-year low of $44.25 and a 1-year high of $86.37. The firm has a market capitalization of $7.07 billion, a PE ratio of 33.55, a P/E/G ratio of 0.59 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.01 and a quick ratio of 1.05.
Avnet (NASDAQ:AVT – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.15. The company had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.45 billion. Avnet had a return on equity of 7.07% and a net margin of 0.86%.Avnet’s revenue was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. As a group, sell-side analysts forecast that Avnet will post 4.92 EPS for the current fiscal year.
Avnet Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, March 4th. Avnet’s dividend payout ratio is presently 54.47%.
About Avnet
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.
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