Shares of Avnet, Inc. (NASDAQ:AVT – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $93.25.
A number of research analysts have commented on AVT shares. Wells Fargo & Company increased their price target on shares of Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Monday, July 20th. Weiss Ratings raised shares of Avnet from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Wall Street Zen lowered shares of Avnet from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 3rd. Truist Financial boosted their price objective on shares of Avnet from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Zacks Research raised shares of Avnet from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th.
Check Out Our Latest Report on AVT
Insiders Place Their Bets
Institutional Investors Weigh In On Avnet
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC raised its holdings in Avnet by 1,261.3% in the 3rd quarter. Fortitude Family Office LLC now owns 1,266 shares of the company’s stock worth $127,000 after purchasing an additional 1,173 shares in the last quarter. Sax Wealth Advisors LLC purchased a new stake in shares of Avnet in the 3rd quarter worth about $429,000. NorthCrest Asset Manangement LLC boosted its stake in shares of Avnet by 8.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 12,345 shares of the company’s stock valued at $1,229,000 after purchasing an additional 981 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Avnet by 24.4% during the 3rd quarter. GAMMA Investing LLC now owns 4,011 shares of the company’s stock valued at $401,000 after purchasing an additional 788 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Avnet by 88.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,628 shares of the company’s stock valued at $662,000 after purchasing an additional 3,104 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.
Avnet Price Performance
Shares of Avnet stock opened at $95.85 on Thursday. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $7.88 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 0.30 and a beta of 1.06. The business’s 50-day moving average price is $95.64 and its 200-day moving average price is $87.09. Avnet has a 12 month low of $44.25 and a 12 month high of $108.63.
Avnet (NASDAQ:AVT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.48. The company had revenue of $8.30 billion for 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%. Avnet’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period last year, the firm posted $0.81 EPS. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Sell-side analysts forecast that Avnet will post 10.45 EPS for the current fiscal year.
Avnet Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Wednesday, September 9th. This is a boost from Avnet’s previous quarterly dividend of $0.35. Avnet’s dividend payout ratio is 37.09%.
About Avnet
Avnet, Inc is a global technology distributor and solutions provider that connects electronic component manufacturers with customers ranging from original equipment manufacturers and contract manufacturers to design engineers and startups. The company distributes semiconductors, interconnect products, passive and electromechanical components, and embedded computing products used in industrial, automotive, communications, aerospace and defense, healthcare, and consumer applications.
In addition to component distribution, Avnet provides engineering and design support, embedded systems, product customization, supply chain management, logistics, and other services intended to help customers move products from concept and prototyping through production.
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