United Capital Financial Advisors LLC Makes New $1.16 Million Investment in Avnet, Inc. $AVT

United Capital Financial Advisors LLC purchased a new position in shares of Avnet, Inc. (NASDAQ:AVT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,087 shares of the company’s stock, valued at approximately $1,162,000.

Other institutional investors have also modified their holdings of the company. Jefferies Financial Group Inc. acquired a new position in shares of Avnet in the fourth quarter worth $602,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Avnet in the fourth quarter valued at $4,865,000. Foster & Motley Inc. purchased a new position in Avnet in the second quarter valued at $11,263,000. Edgestream Partners L.P. acquired a new position in Avnet during the 1st quarter worth $2,400,000. Finally, GSA Capital Partners LLP grew its stake in Avnet by 255.2% during the 4th quarter. GSA Capital Partners LLP now owns 41,830 shares of the company’s stock worth $2,011,000 after purchasing an additional 30,052 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AVT. Weiss Ratings raised Avnet from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Zacks Research raised Avnet from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Avnet from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Truist Financial lifted their price target on shares of Avnet from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Wells Fargo & Company boosted their price target on shares of Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $93.25.

Insider Buying and Selling at Avnet

In other news, CEO Philip R. Gallagher sold 51,900 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $98.46, for a total value of $5,110,074.00. Following the completion of the sale, the chief executive officer directly owned 168,923 shares of the company’s stock, valued at approximately $16,632,158.58. The trade was a 23.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael Ryan Mccoy sold 32,052 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $91.10, for a total value of $2,919,937.20. Following the completion of the sale, the senior vice president directly owned 76,674 shares of the company’s stock, valued at approximately $6,985,001.40. This trade represents a 29.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.90% of the company’s stock.

Avnet Stock Performance

Shares of AVT opened at $88.63 on Friday. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 0.27 and a beta of 1.09. Avnet, Inc. has a 52-week low of $44.25 and a 52-week high of $100.00. The company has a quick ratio of 0.97, a current ratio of 1.78 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $89.13 and a 200 day moving average price of $79.13.

Avnet (NASDAQ:AVT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.48. Avnet had a net margin of 1.21% and a return on equity of 9.57%. The business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The company’s revenue was up 47.7% compared to the same quarter last year. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Research analysts predict that Avnet, Inc. will post 10.45 EPS for the current fiscal year.

Avnet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.7%. This is a boost from Avnet’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, September 9th. Avnet’s dividend payout ratio is presently 35.09%.

Avnet Profile

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.