Avnet, Inc. (NASDAQ:AVT) Receives Average Rating of “Reduce” from Brokerages

Avnet, Inc. (NASDAQ:AVT) has been given a consensus rating of “Reduce” by the five brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $54.3333.

Several research analysts have commented on the stock. Zacks Research upgraded shares of Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Truist Financial raised their price target on shares of Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Wells Fargo & Company upped their price objective on shares of Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a research note on Thursday, January 29th. Wall Street Zen upgraded shares of Avnet from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings upgraded shares of Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, January 30th.

Institutional Investors Weigh In On Avnet

A number of large investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. raised its stake in Avnet by 132.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $27,000 after purchasing an additional 300 shares during the last quarter. BOKF NA raised its position in shares of Avnet by 1,116.7% during the third quarter. BOKF NA now owns 584 shares of the company’s stock valued at $31,000 after buying an additional 536 shares during the last quarter. MAI Capital Management lifted its stake in shares of 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 buying an additional 235 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Avnet by 53.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 737 shares of the company’s stock worth $35,000 after buying an additional 258 shares in the last quarter. Finally, Allworth Financial LP grew its position in Avnet by 199.1% during the third quarter. Allworth Financial LP now owns 700 shares of the company’s stock worth $37,000 after buying an additional 466 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Avnet Price Performance

Shares of NASDAQ AVT opened at $66.62 on Friday. Avnet has a twelve month low of $39.22 and a twelve month high of $66.89. The company has a current ratio of 2.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $51.79 and a two-hundred day moving average of $51.54. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 0.48 and a beta of 0.93.

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

Avnet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were issued a $0.35 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. Avnet’s dividend payout ratio is currently 57.38%.

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.