Brokerages Set Avnet, Inc. (NASDAQ:AVT) Target Price at $89.00

Posted by on Jul 7th, 2026

Avnet, Inc. (NASDAQ:AVT – Get Free Report) has earned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has assigned a buy recommendation and one has 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 research firms recently commented on AVT. Zacks Research downgraded Avnet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Avnet in a research report on Tuesday, June 16th. Bank of America raised Avnet from an “underperform” rating to a “neutral” rating and upped their price target for the company from $66.00 to $96.00 in a research report on Wednesday, May 13th. Raymond James Financial reiterated a “strong-buy” rating and set a $95.00 price target on shares of Avnet in a research note on Thursday, April 30th. Finally, Wells Fargo & Company lifted their price objective on Avnet from $60.00 to $70.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th.

View Our Latest Stock Report on Avnet

Insider Activity

In other news, CEO Philip R. Gallagher sold 23,920 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $82.92, for a total value of $1,983,446.40. Following the sale, the chief executive officer owned 145,003 shares of the company’s stock, valued at $12,023,648.76. The trade was a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Avnet during the fourth quarter worth $62,393,000. AQR Capital Management LLC grew its position in shares of Avnet by 30.7% in the fourth quarter. AQR Capital Management LLC now owns 2,961,608 shares of the company’s stock valued at $142,394,000 after purchasing an additional 695,929 shares in the last quarter. Jain Global LLC bought a new stake in shares of Avnet during the 4th quarter valued at $18,873,000. Loews Corp raised its stake in shares of Avnet by 258.3% during the 4th quarter. Loews Corp now owns 430,000 shares of the company’s stock valued at $20,674,000 after purchasing an additional 310,000 shares during the period. Finally, Millennium Management LLC lifted its holdings in Avnet by 75.3% during the 4th quarter. Millennium Management LLC now owns 654,695 shares of the company’s stock worth $31,478,000 after purchasing an additional 281,273 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Avnet Stock Performance

NASDAQ AVT traded down $0.95 during trading hours on Tuesday, reaching $81.51. 296,737 shares of the company were exchanged, compared to its average volume of 1,256,830. Avnet has a 1 year low of $44.25 and a 1 year high of $95.26. The business’s 50 day simple moving average is $86.12 and its 200-day simple moving average is $69.12. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $6.69 billion, a P/E ratio of 31.72, a P/E/G ratio of 0.26 and a beta of 1.09.

Avnet (NASDAQ:AVT – Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.15. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The firm had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The company’s quarterly revenue was up 34.0% on a year-over-year basis. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, equities research analysts expect that Avnet will post 5.12 earnings per share for the current year.

Avnet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a $0.35 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.7%. Avnet’s dividend payout ratio (DPR) is presently 54.47%.

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.

Featured Articles

Analyst Recommendations for Avnet (NASDAQ:AVT)

Receive News & Ratings for Avnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avnet and related companies with MarketBeat.com's FREE daily email newsletter.