William Blair Investment Management LLC Trims Position in Avnet, Inc. $AVT

William Blair Investment Management LLC reduced its stake in Avnet, Inc. (NASDAQ:AVT) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 593,707 shares of the company’s stock after selling 13,844 shares during the quarter. William Blair Investment Management LLC owned 0.73% of Avnet worth $31,039,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of Avnet by 6.9% during the third quarter. GAMMA Investing LLC now owns 2,984 shares of the company’s stock worth $156,000 after purchasing an additional 192 shares during the period. MAI Capital Management boosted its holdings in Avnet by 53.7% in the 3rd quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $35,000 after purchasing an additional 235 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Avnet by 3.5% during the 3rd quarter. Ballentine Partners LLC now owns 7,324 shares of the company’s stock worth $383,000 after buying an additional 249 shares in the last quarter. Ethic Inc. lifted its holdings in shares of Avnet by 1.3% in the 3rd quarter. Ethic Inc. now owns 21,395 shares of the company’s stock valued at $1,119,000 after buying an additional 271 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in shares of Avnet by 1.0% in the second quarter. Lazard Asset Management LLC now owns 28,877 shares of the company’s stock valued at $1,532,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

AVT has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Avnet from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings lowered shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Truist Financial upped their target price on Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. Finally, Wells Fargo & Company raised their price target on Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $54.33.

Avnet Trading Down 0.5%

NASDAQ AVT opened at $65.84 on Monday. The stock has a market cap of $5.39 billion, a P/E ratio of 26.98, a PEG ratio of 0.49 and a beta of 0.91. The company’s fifty day simple moving average is $56.89 and its 200-day simple moving average is $52.90. The company has a current ratio of 2.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. Avnet, Inc. has a 52 week low of $39.22 and a 52 week high of $68.29.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 earnings per share for the quarter, beating 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 business had revenue of $6.32 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same period last year, the business earned $0.87 EPS. The business’s revenue was up 11.6% on a year-over-year basis. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. Equities research analysts predict that Avnet, Inc. will post 3.41 EPS for the current fiscal year.

Avnet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. Avnet’s dividend payout ratio is currently 57.38%.

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.