Avnet (NASDAQ:AVT) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Avnet (NASDAQ:AVT) from a hold rating to a buy rating in a research report report published on Saturday.

Several other equities analysts have also recently issued reports on the stock. Zacks Research raised shares of Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Truist Financial lifted their price objective on shares of Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a report on Thursday. Wells Fargo & Company increased their target price on shares of Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Avnet in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $54.33.

Avnet Stock Performance

NASDAQ AVT opened at $62.39 on Friday. The firm has a market capitalization of $5.07 billion, a P/E ratio of 25.57, a PEG ratio of 0.49 and a beta of 0.92. The stock has a 50-day simple moving average of $50.08 and a two-hundred day simple moving average of $51.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 2.07. Avnet has a fifty-two week low of $39.22 and a fifty-two week high of $63.10.

Avnet (NASDAQ:AVT) last issued 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. The firm had revenue of $6.32 billion for 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 company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 earnings per share. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. On average, equities analysts forecast that Avnet will post 3.41 earnings per share for the current year.

Avnet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, December 3rd. Avnet’s dividend payout ratio (DPR) is 57.38%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its stake in Avnet by 132.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. BOKF NA increased its stake in Avnet by 1,116.7% during the third quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after acquiring an additional 536 shares during the last quarter. MAI Capital Management raised its position in Avnet by 53.7% in the third quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $35,000 after purchasing an additional 235 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Avnet by 53.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 737 shares of the company’s stock valued at $35,000 after purchasing an additional 258 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Avnet by 199.1% in the 3rd quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $37,000 after purchasing an additional 466 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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.