Avnet, Inc. (NASDAQ:AVT) Given Consensus Rating of “Reduce” by Brokerages

Shares of Avnet, Inc. (NASDAQ:AVT) have been given an average rating of “Reduce” by the five research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $54.3333.

Several research firms recently weighed in on AVT. Wells Fargo & Company increased their price target on shares of Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a research report on Thursday, January 29th. Wall Street Zen raised shares of Avnet from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Truist Financial boosted their target price on shares of Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings downgraded shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th.

Avnet Stock Performance

Shares of Avnet stock opened at $59.73 on Friday. The business’s fifty day simple moving average is $61.54 and its 200 day simple moving average is $53.91. The company has a current ratio of 2.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. Avnet has a 12 month low of $39.22 and a 12 month high of $68.29. The firm has a market capitalization of $4.89 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 0.44 and a beta of 0.91.

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

Avnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were paid a $0.35 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $1.40 annualized dividend and a yield of 2.3%. Avnet’s dividend payout ratio is presently 57.38%.

Institutional Trading of Avnet

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Avnet by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 10,783,059 shares of the company’s stock valued at $563,738,000 after buying an additional 214,290 shares during the last quarter. American Century Companies Inc. increased its holdings in Avnet by 3.4% in the 3rd quarter. American Century Companies Inc. now owns 3,751,726 shares of the company’s stock worth $196,140,000 after acquiring an additional 124,466 shares during the last quarter. AQR Capital Management LLC increased its holdings in Avnet by 30.7% in the 4th quarter. AQR Capital Management LLC now owns 2,961,608 shares of the company’s stock worth $142,394,000 after acquiring an additional 695,929 shares during the last quarter. LSV Asset Management raised its stake in Avnet by 7.6% in the 4th quarter. LSV Asset Management now owns 2,811,171 shares of the company’s stock valued at $135,161,000 after acquiring an additional 197,400 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in Avnet by 5.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,011,676 shares of the company’s stock valued at $105,170,000 after acquiring an additional 101,873 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

About Avnet

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.