Avnet (NASDAQ:AVT) Reaches New 12-Month High – Here’s What Happened

Avnet, Inc. (NASDAQ:AVT) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $67.39 and last traded at $65.9340, with a volume of 114282 shares changing hands. The stock had previously closed at $65.80.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AVT shares. Wall Street Zen raised shares of Avnet from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Truist Financial lifted their price target on shares of Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. Zacks Research upgraded Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Wells Fargo & Company raised their target price on Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings raised Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $54.33.

Avnet Price Performance

The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 0.50 and a beta of 0.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.07 and a quick ratio of 1.07. The stock has a 50 day moving average price of $52.52 and a two-hundred day moving average price of $51.67.

Avnet (NASDAQ:AVT) last issued its quarterly earnings results 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. Avnet had a net margin of 0.90% and a return on equity of 6.08%. The company had revenue of $6.32 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, analysts expect that Avnet, Inc. will post 3.41 EPS for the current year.

Avnet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were given a $0.35 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 57.38%.

Institutional Trading of Avnet

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

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.