Renaissance Technologies LLC Increases Holdings in Avnet, Inc. $AVT

Posted by Brenda Bartman on Aug 7th, 2026

Renaissance Technologies LLC increased its stake in shares of Avnet, Inc. (NASDAQ:AVT – Free Report) by 420.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,200 shares of the company’s stock after buying an additional 66,400 shares during the period. Renaissance Technologies LLC owned about 0.10% of Avnet worth $5,065,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada raised its stake in Avnet by 3.0% in the 1st quarter. Royal Bank of Canada now owns 71,697 shares of the company’s stock valued at $3,447,000 after acquiring an additional 2,101 shares during the period. Goldman Sachs Group Inc. boosted its position in Avnet by 16.0% during the first quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company’s stock worth $11,148,000 after purchasing an additional 31,919 shares during the period. United Services Automobile Association bought a new stake in shares of Avnet in the first quarter valued at approximately $267,000. Empowered Funds LLC raised its position in shares of Avnet by 9.3% in the first quarter. Empowered Funds LLC now owns 8,142 shares of the company’s stock valued at $392,000 after purchasing an additional 696 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Avnet by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,757 shares of the company’s stock valued at $17,012,000 after buying an additional 16,443 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Avnet News Summary

Here are the key news stories impacting Avnet this week:

Positive Sentiment: Strong quarterly beat: Avnet reported fiscal Q4 revenue of $8.30 billion, up 47.7% year over year and above the $7.56 billion consensus estimate. Adjusted earnings of $2.28 per share also exceeded expectations of approximately $1.76-$1.80, supported by broad-based demand, record segment sales and margin improvement. Avnet Reports Fourth Quarter and Fiscal 2026 Financial Results
Positive Sentiment: Demand recovery strengthens outlook: Management highlighted rising bookings, longer lead times and recovery across end markets. Fiscal 2026 sales reached $27.6 billion, up 25%, while Electronic Components generated $7.8 billion in fourth-quarter sales. AVT Q4 Earnings Call Highlights Broad Demand Recovery
Positive Sentiment: Above-consensus fiscal 2027 guidance: Avnet provided first-quarter fiscal 2027 revenue guidance of roughly $9.0 billion-$9.3 billion and EPS guidance materially above analyst expectations, suggesting continued volume growth and favorable product mix. Avnet Q4 Earnings Beat on Broad-Based Demand and Margin Gains
Positive Sentiment: Edge-AI expansion: Avnet and Weston Robot are launching an edge-AI inspection platform, potentially expanding Avnet’s position in industrial automation and machine-vision applications. The partnership is strategically positive, although near-term financial impact was not disclosed. Avnet and Weston Robot partner to launch edge AI inspection platform
Neutral Sentiment: Avnet returned capital through $138 million of fiscal-year share repurchases and $114 million in dividends, supporting shareholder returns but not materially changing the near-term earnings outlook.
Negative Sentiment: Recent insider activity cited in coverage showed executives selling shares and no purchases over the past six months. This may weigh modestly on sentiment, although the transactions do not necessarily indicate a change in the company’s fundamentals.

Wall Street Analyst Weigh In

Several research analysts recently commented on AVT shares. Wall Street Zen raised shares of Avnet from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Truist Financial boosted their target price on shares of Avnet from $95.00 to $110.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company increased their target price on Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. Weiss Ratings lowered Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $95.00 price objective on shares of Avnet in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $93.25.

View Our Latest Report on AVT

Avnet Trading Down 0.4%

Shares of AVT stock opened at $96.80 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.05 and a current ratio of 1.78. Avnet, Inc. has a 52-week low of $44.25 and a 52-week high of $100.00. The company has a market capitalization of $7.94 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 0.31 and a beta of 1.09. The business’s fifty day moving average is $88.12 and its 200 day moving average is $75.35.

Avnet (NASDAQ:AVT – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $1.80 by $0.48. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $7.56 billion. Avnet had a return on equity of 9.57% and a net margin of 1.21%.The firm’s revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 earnings per share. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. On average, equities research analysts anticipate that Avnet, Inc. will post 7.3 EPS for the current fiscal year.

Avnet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. Avnet’s payout ratio is presently 54.47%.

Avnet Company Profile

(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.