Avnet (NASDAQ:AVT) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Avnet, Inc. (NASDAQ:AVT) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $81.42 and traded as low as $76.57. Avnet shares last traded at $76.63, with a volume of 2,207,596 shares trading hands.

Key Headlines Impacting Avnet

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Avnet reported EPS of $3.63, beating the $2.86 consensus, and revenue of $10.72 billion versus expectations of $9.22 billion. Revenue rose 81.7% year over year, supported by broad-based demand and higher memory pricing. Avnet Q1 earnings beat estimates on record sales and strong demand
• Positive Sentiment: Management pointed to continued demand strength and margin gains, and issued upbeat fiscal Q2 revenue guidance, signaling momentum into the next quarter. Q1 earnings call highlights
• Positive Sentiment: Truist raised its price target to $125 from $110 and maintained a Buy rating. Wells Fargo also raised its target, to $85 from $80, but kept an Underweight rating. Truist analyst recommendations Wells Fargo price-target report
• Negative Sentiment: Despite the earnings beat, Avnet faces tightening supply and rising working-capital requirements as it meets strong demand. Those constraints could temper the benefit of rapid sales growth and may help explain the negative market reaction. Q3 CY2026 business deep dive

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Truist Financial raised their price target on Avnet from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company lifted their price target on Avnet from $80.00 to $85.00 and gave the company an “underweight” rating in a research report on Thursday. Wall Street Zen upgraded Avnet from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th. Weiss Ratings raised Avnet from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Finally, Zacks Research downgraded Avnet from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $100.25.

Avnet Stock Down 10.6%

The stock’s fifty day moving average price is $94.48 and its 200 day moving average price is $81.42. The stock has a market cap of $6.30 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 0.26 and a beta of 1.11. The company has a current ratio of 1.73, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63.

Avnet (NASDAQ:AVT) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.77. Avnet had a net margin of 1.74% and a return on equity of 14.15%. The company had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same period in the previous year, the firm posted $0.84 EPS. The firm’s revenue was up 81.7% compared to the same quarter last year. As a group, research analysts forecast that Avnet, Inc. will post 10.45 earnings per share for the current fiscal year.

Avnet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, September 9th. This is a positive change from Avnet’s previous quarterly dividend of $0.35. Avnet’s dividend payout ratio (DPR) is presently 22.22%.

Insider Buying and Selling at Avnet

In related news, SVP Michael Ryan Mccoy sold 32,052 shares of Avnet stock in a transaction on 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 transaction, the senior vice president owned 76,674 shares in the company, valued at $6,985,001.40. This trade represents a 29.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Philip R. Gallagher sold 51,900 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $98.46, for a total transaction 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 $16,632,158.58. This represents a 23.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Avnet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVT. Fifth Third Bancorp raised its stake in shares of Avnet by 281.0% during the third quarter. Fifth Third Bancorp now owns 75,637 shares of the company’s stock valued at $7,560,000 after acquiring an additional 55,786 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in shares of Avnet by 23.9% during the third quarter. Maryland State Retirement & Pension System now owns 5,145 shares of the company’s stock valued at $514,000 after buying an additional 992 shares during the period. Jacobi Capital Management LLC bought a new position in shares of Avnet during the third quarter valued at approximately $226,000. Lido Advisors LLC lifted its stake in Avnet by 17.3% in the third quarter. Lido Advisors LLC now owns 10,680 shares of the company’s stock worth $1,067,000 after acquiring an additional 1,578 shares during the period. Finally, AlphaCore Capital LLC purchased a new stake in Avnet in the third quarter worth $340,000. 95.78% of the stock is currently owned by institutional investors.

Avnet Company Profile

Avnet, Inc is a global technology distributor that helps manufacturers and design engineers source electronic components and develop products. The company supplies semiconductors, embedded processors, memory, connectivity products, sensors, power-management components and other electronic parts used in industrial, automotive, communications, computing, aerospace and defense applications.

In addition to component distribution, Avnet provides engineering and design services, supply-chain management, product customization, logistics, and technical support.