Oak Thistle LLC Acquires Shares of 47,119 Avnet, Inc. $AVT

Oak Thistle LLC acquired a new stake in Avnet, Inc. (NASDAQ:AVT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,119 shares of the company’s stock, valued at approximately $2,265,000. Oak Thistle LLC owned 0.06% of Avnet at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of Avnet by 3.0% in the first quarter. Royal Bank of Canada now owns 71,697 shares of the company’s stock worth $3,447,000 after acquiring an additional 2,101 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Avnet by 16.0% in the first quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company’s stock worth $11,148,000 after acquiring an additional 31,919 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Avnet in the first quarter worth approximately $267,000. Empowered Funds LLC boosted its stake in shares of Avnet by 9.3% in the first quarter. Empowered Funds LLC now owns 8,142 shares of the company’s stock worth $392,000 after acquiring an additional 696 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Avnet by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,757 shares of the company’s stock worth $17,012,000 after acquiring an additional 16,443 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AVT. Wall Street Zen raised Avnet from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Weiss Ratings lowered Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Wells Fargo & Company lifted their price target on Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research note on Thursday, January 29th. Finally, Truist Financial lifted their price target on Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $54.33.

Avnet Stock Performance

Shares of Avnet stock opened at $62.53 on Wednesday. Avnet, Inc. has a one year low of $40.84 and a one year high of $68.29. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 0.46 and a beta of 0.90. 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 business’s 50 day moving average price is $63.04 and its 200 day moving average price is $54.32.

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

Avnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. Avnet’s dividend payout ratio (DPR) is presently 57.38%.

About Avnet

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.