Hyperion Capital Advisors LP Invests $640,000 in Avnet, Inc. $AVT

Hyperion Capital Advisors LP purchased a new position in Avnet, Inc. (NASDAQ:AVT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,200 shares of the company’s stock, valued at approximately $640,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Avnet in the 2nd quarter worth about $25,000. State of Wyoming bought a new stake in shares of Avnet during the second quarter valued at approximately $37,000. Summit Securities Group LLC bought a new stake in shares of Avnet during the fourth quarter valued at approximately $28,000. BOKF NA raised its stake in shares of Avnet by 1,116.7% during the third quarter. BOKF NA now owns 584 shares of the company’s stock valued at $31,000 after acquiring an additional 536 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Avnet by 38.5% in the second quarter. Elevation Wealth Partners LLC now owns 666 shares of the company’s stock valued at $59,000 after purchasing an additional 185 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling at Avnet

In other news, SVP Michael Ryan Mccoy sold 32,052 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $91.10, for a total value of $2,919,937.20. Following the completion of the transaction, the senior vice president directly owned 76,674 shares of the company’s stock, valued at approximately $6,985,001.40. The trade was a 29.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Philip R. Gallagher sold 51,900 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $98.46, for a total value of $5,110,074.00. Following the sale, the chief executive officer owned 168,923 shares of the company’s stock, valued at $16,632,158.58. This trade represents a 23.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AVT shares. Truist Financial increased their price objective on Avnet from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Raymond James Financial reiterated a “strong-buy” rating and issued a $95.00 target price on shares of Avnet in a report on Thursday, April 30th. Wells Fargo & Company increased their price target on Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. Zacks Research upgraded Avnet from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded Avnet from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.25.

Avnet Price Performance

NASDAQ AVT opened at $86.26 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.78. The firm’s 50 day moving average price is $89.24 and its 200-day moving average price is $78.53. Avnet, Inc. has a 52-week low of $44.25 and a 52-week high of $100.00. The company has a market cap of $7.08 billion, a PE ratio of 21.62, a P/E/G ratio of 0.27 and a beta of 1.09.

Avnet (NASDAQ:AVT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.48. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $7.56 billion. Avnet had a net margin of 1.21% and a return on equity of 9.57%. Avnet’s revenue was up 47.7% compared to the same quarter last year. During the same period last year, the company posted $0.81 earnings per share. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Sell-side analysts forecast that Avnet, Inc. will post 10.45 EPS for the current fiscal year.

Avnet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Avnet’s previous quarterly dividend of $0.35. Avnet’s dividend payout ratio (DPR) is 35.09%.

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.