Avnet, Inc. $AVT Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in Avnet, Inc. (NASDAQ:AVT) by 235.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 367,698 shares of the company’s stock after buying an additional 258,178 shares during the quarter. SG Americas Securities LLC’s holdings in Avnet were worth $22,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new stake in Avnet during the fourth quarter valued at about $28,000. BOKF NA increased its stake in Avnet by 1,116.7% during the third quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after acquiring an additional 536 shares during the last quarter. MAI Capital Management raised its holdings in shares of Avnet by 53.7% in the 3rd quarter. MAI Capital Management now owns 673 shares of the company’s stock worth $35,000 after purchasing an additional 235 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Avnet by 53.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 737 shares of the company’s stock worth $35,000 after purchasing an additional 258 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Avnet by 199.1% in the 3rd quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $37,000 after purchasing an additional 466 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Avnet Price Performance

AVT stock opened at $88.13 on Thursday. The firm has a market cap of $7.23 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 0.40 and a beta of 1.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 2.01. Avnet, Inc. has a 1 year low of $44.25 and a 1 year high of $95.26. The stock has a 50-day simple moving average of $84.19 and a 200-day simple moving average of $67.07.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, April 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.33 by $0.15. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.45 billion. Avnet had a return on equity of 7.07% and a net margin of 0.86%.During the same period in the previous year, the company posted $0.84 EPS. Avnet’s revenue for the quarter was up 34.0% on a year-over-year basis. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, equities analysts predict that Avnet, Inc. will post 5.12 earnings per share for the current fiscal year.

Avnet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a $0.35 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. Avnet’s dividend payout ratio is 54.47%.

Analyst Ratings Changes

AVT has been the subject of a number of research reports. Bank of America upgraded Avnet from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $66.00 to $96.00 in a report on Wednesday, May 13th. Wall Street Zen cut shares of Avnet from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Truist Financial boosted their price objective on shares of Avnet to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $95.00 price objective on shares of Avnet in a research report on Thursday, April 30th. Finally, Zacks Research raised shares of Avnet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Avnet has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Insider Buying and Selling at Avnet

In related news, CEO Philip R. Gallagher sold 23,920 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $82.92, for a total transaction of $1,983,446.40. Following the completion of the sale, the chief executive officer directly owned 145,003 shares of the company’s stock, valued at approximately $12,023,648.76. This trade represents a 14.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

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.