Dimensional Fund Advisors LP Reduces Stock Position in Avnet, Inc. $AVT

Dimensional Fund Advisors LP trimmed its holdings in shares of Avnet, Inc. (NASDAQ:AVT) by 1.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,880,320 shares of the company’s stock after selling 70,942 shares during the period. Dimensional Fund Advisors LP owned 0.07% of Avnet worth $307,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in AVT. Vanguard Group Inc. raised its position in shares of Avnet by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 10,783,059 shares of the company’s stock worth $563,738,000 after acquiring an additional 214,290 shares in the last quarter. American Century Companies Inc. increased its stake in Avnet by 3.4% in the third quarter. American Century Companies Inc. now owns 3,751,726 shares of the company’s stock valued at $196,140,000 after purchasing an additional 124,466 shares during the last quarter. LSV Asset Management raised its holdings in Avnet by 2.5% during the second quarter. LSV Asset Management now owns 2,667,923 shares of the company’s stock worth $141,613,000 after purchasing an additional 66,191 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Avnet by 25.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,680,538 shares of the company’s stock worth $88,312,000 after buying an additional 345,721 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Avnet by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,101,103 shares of the company’s stock valued at $58,447,000 after buying an additional 36,549 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Avnet Price Performance

Shares of NASDAQ:AVT opened at $62.43 on Friday. Avnet, Inc. has a one year low of $39.22 and a one year high of $68.29. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 0.47 and a beta of 0.91. The company has a 50-day simple moving average of $58.05 and a 200-day simple moving average of $53.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 2.07.

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, beating the consensus estimate of $0.95 by $0.10. The firm had revenue of $6.32 billion for the quarter, compared to analysts’ expectations of $6.03 billion. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. On average, analysts predict that Avnet, Inc. will post 3.41 EPS for the current year.

Avnet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, March 4th. Avnet’s dividend payout ratio is 57.38%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AVT shares. Weiss Ratings upgraded shares of Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Truist Financial lifted their target price on Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, January 29th. Wells Fargo & Company boosted their target price on Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a report on Thursday, January 29th. Finally, Wall Street Zen upgraded Avnet from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. 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. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $54.33.

Avnet 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.