Avnet (NASDAQ:AVT) Stock Rating Lowered by Zacks Research

Posted by Stanley Muller on Jul 2nd, 2026

Avnet (NASDAQ:AVT – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Raymond James Financial reissued a “strong-buy” rating and set a $95.00 target price on shares of Avnet in a report on Thursday, April 30th. Bank of America upgraded Avnet from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $66.00 to $96.00 in a research report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Avnet in a research note on Tuesday, June 16th. Wells Fargo & Company upped their price objective on Avnet from $60.00 to $70.00 and gave the company an “underweight” rating in a report on Thursday, April 30th. Finally, Truist Financial raised their target price on Avnet to $95.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $89.00.

Get Our Latest Stock Analysis on Avnet

Avnet Price Performance

Shares of NASDAQ AVT opened at $87.28 on Tuesday. 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 has a 1-year low of $44.25 and a 1-year high of $95.26. The business’s fifty day moving average price is $85.76 and its two-hundred day moving average price is $68.42. The firm has a market capitalization of $7.16 billion, a PE ratio of 33.96, a P/E/G ratio of 0.40 and a beta of 1.09.

Avnet (NASDAQ:AVT – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.15. The company had revenue of $7.12 billion during 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%.The firm’s quarterly revenue was up 34.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, research analysts expect that Avnet will post 5.12 EPS for the current year.

Insider Activity at Avnet

In other news, CEO Philip R. Gallagher sold 23,920 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $82.92, for a total transaction of $1,983,446.40. Following the completion of the sale, the chief executive officer directly owned 145,003 shares of the company’s stock, valued at $12,023,648.76. This trade represents a 14.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Avnet

A number of institutional investors and hedge funds have recently modified their holdings of AVT. Empowered Funds LLC lifted its holdings in shares of Avnet by 1.9% during the first quarter. Empowered Funds LLC now owns 6,833 shares of the company’s stock valued at $421,000 after purchasing an additional 129 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Avnet by 0.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,511 shares of the company’s stock worth $1,264,000 after buying an additional 159 shares during the period. Nations Financial Group Inc. IA ADV lifted its stake in Avnet by 1.6% during the first quarter. Nations Financial Group Inc. IA ADV now owns 10,896 shares of the company’s stock valued at $671,000 after buying an additional 176 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Avnet by 2.1% in the fourth quarter. Quadrant Capital Group LLC now owns 8,778 shares of the company’s stock worth $422,000 after buying an additional 184 shares during the period. Finally, Summit Securities Group LLC increased its position in shares of Avnet by 32.1% in the first quarter. Summit Securities Group LLC now owns 765 shares of the company’s stock worth $47,000 after acquiring an additional 186 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Avnet Company Profile

(Get Free Report)

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.