Avnet, Inc. (NASDAQ:AVT) Receives $54.33 Average Price Target from Brokerages

Avnet, Inc. (NASDAQ:AVT) has been assigned a consensus rating of “Reduce” from the five research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $54.3333.

A number of equities analysts have weighed in on the company. Weiss Ratings lowered Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Truist Financial lifted their price target on shares of Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Wall Street Zen raised shares of Avnet from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Wells Fargo & Company raised their target price on shares of Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a report on Thursday, January 29th.

Avnet Price Performance

Shares of NASDAQ AVT opened at $63.77 on Wednesday. The firm has a market cap of $5.22 billion, a P/E ratio of 26.14, a PEG ratio of 0.48 and a beta of 0.91. Avnet has a twelve month low of $39.22 and a twelve month high of $68.29. The company has a quick ratio of 1.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $57.50 and a 200 day moving average of $53.05.

Avnet (NASDAQ:AVT) last posted its earnings results on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The business had revenue of $6.32 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same quarter last year, the company earned $0.87 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, research analysts expect that Avnet will post 3.41 EPS for the current fiscal year.

Avnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. Avnet’s payout ratio is presently 57.38%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in Avnet during the third quarter valued at approximately $616,000. Seizert Capital Partners LLC bought a new stake in shares of Avnet during the 2nd quarter valued at $1,729,000. Legal & General Group Plc increased its stake in shares of Avnet by 6.2% in the 2nd quarter. Legal & General Group Plc now owns 228,866 shares of the company’s stock worth $12,148,000 after purchasing an additional 13,422 shares in the last quarter. Candriam S.C.A. bought a new position in Avnet in the 3rd quarter worth $2,064,000. Finally, Bank of New York Mellon Corp lifted its position in Avnet by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 1,101,103 shares of the company’s stock valued at $58,447,000 after purchasing an additional 36,549 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Avnet Company 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.