Avnet, Inc. $AVT Shares Acquired by CSM Advisors LLC

CSM Advisors LLC boosted its position in shares of Avnet, Inc. (NASDAQ:AVT) by 11.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,962 shares of the company’s stock after buying an additional 12,735 shares during the quarter. CSM Advisors LLC owned 0.15% of Avnet worth $6,375,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Avnet by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 10,783,059 shares of the company’s stock valued at $563,738,000 after acquiring an additional 214,290 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Avnet by 3.4% in the 3rd quarter. American Century Companies Inc. now owns 3,751,726 shares of the company’s stock worth $196,140,000 after purchasing an additional 124,466 shares during the last quarter. LSV Asset Management grew its stake in shares of Avnet by 2.5% in the 2nd 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 during the last quarter. AQR Capital Management LLC raised its holdings in shares of Avnet by 34.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,265,679 shares of the company’s stock worth $117,974,000 after purchasing an additional 585,141 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Avnet by 5.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,011,676 shares of the company’s stock worth $105,170,000 after purchasing an additional 101,873 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Avnet from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Truist Financial upped their price target on Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, January 29th. Weiss Ratings upgraded Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 4th. Finally, Wells Fargo & Company raised their price objective on Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $54.33.

Avnet Trading Down 0.8%

NASDAQ AVT opened at $59.73 on Monday. 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 1-year low of $39.22 and a 1-year high of $68.29. The firm’s fifty day simple moving average is $59.46 and its 200-day simple moving average is $53.44. The company has a market capitalization of $4.89 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 0.44 and a beta of 0.91.

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

Avnet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, March 4th. Avnet’s 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.