Bessemer Group Inc. Has $1.47 Million Stock Position in Avnet, Inc. $AVT

Bessemer Group Inc. lifted its holdings in shares of Avnet, Inc. (NASDAQ:AVT) by 7,002.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,053 shares of the company’s stock after acquiring an additional 27,658 shares during the period. Bessemer Group Inc.’s holdings in Avnet were worth $1,466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Hantz Financial Services Inc. boosted 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. Quent Capital LLC purchased a new stake in shares of Avnet in the third quarter worth approximately $38,000. Winnow Wealth LLC bought a new position in shares of Avnet in the third quarter valued at approximately $39,000. SJS Investment Consulting Inc. lifted its holdings in shares of Avnet by 7,176.9% in the third quarter. SJS Investment Consulting Inc. now owns 946 shares of the company’s stock valued at $49,000 after purchasing an additional 933 shares in the last quarter. Finally, Traub Capital Management LLC purchased a new position in shares of Avnet during the second quarter valued at approximately $50,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AVT shares. Truist Financial increased their price target on Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. Weiss Ratings upgraded shares of Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, January 30th. Wells Fargo & Company raised 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. Finally, Zacks Research upgraded shares of Avnet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $54.33.

Avnet Price Performance

Shares of NASDAQ:AVT opened at $66.35 on Tuesday. The company’s 50-day moving average is $52.17 and its 200 day moving average is $51.58. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 2.07. The company has a market capitalization of $5.43 billion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 0.50 and a beta of 0.92. Avnet, Inc. has a fifty-two week low of $39.22 and a fifty-two week high of $66.89.

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

Avnet Announces Dividend

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