Inceptionr LLC Acquires Shares of 12,374 Avnet, Inc. $AVT

Inceptionr LLC bought a new position in Avnet, Inc. (NASDAQ:AVT) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,374 shares of the company’s stock, valued at approximately $762,000.

Other institutional investors have also recently modified their holdings of the company. Bank of Nova Scotia raised its position in shares of Avnet by 220.3% in the 1st quarter. Bank of Nova Scotia now owns 104,100 shares of the company’s stock worth $6,415,000 after purchasing an additional 71,600 shares during the last quarter. Sei Investments Co. grew its position in Avnet by 44.1% during the 1st quarter. Sei Investments Co. now owns 757,629 shares of the company’s stock valued at $46,685,000 after purchasing an additional 231,977 shares during the last quarter. Lido Advisors LLC bought a new stake in Avnet during the 1st quarter valued at about $222,000. Globeflex Capital L P bought a new stake in Avnet during the 1st quarter valued at about $153,000. Finally, State of Wyoming purchased a new position in Avnet in the first quarter worth about $234,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Avnet Stock Performance

AVT stock opened at $89.42 on Friday. The company has a market cap of $7.33 billion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 0.28 and a beta of 1.09. Avnet, Inc. has a 1 year low of $44.25 and a 1 year high of $95.26. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.01 and a quick ratio of 1.05. The stock’s fifty day moving average price is $87.31 and its 200-day moving average price is $72.65.

Avnet (NASDAQ:AVT) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.33 by $0.15. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.45 billion. Avnet had a return on equity of 7.07% and a net margin of 0.86%.Avnet’s revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, equities analysts forecast that Avnet, Inc. will post 5.12 earnings per share for the current year.

Avnet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Wednesday, June 3rd. Avnet’s payout ratio is currently 54.47%.

Analyst Upgrades and Downgrades

AVT has been the topic of several analyst reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $95.00 target price on shares of Avnet in a research note on Thursday, April 30th. Weiss Ratings raised shares of Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Zacks Research lowered shares of Avnet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Bank of America raised Avnet from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $66.00 to $96.00 in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised Avnet from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $89.50.

Insider Activity

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

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.