Avnet, Inc. (NASDAQ:AVT) Receives Average Recommendation of “Moderate Buy” from Analysts

Avnet, Inc. (NASDAQ:AVT) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $89.00.

Several research analysts recently commented on the stock. Zacks Research upgraded shares of Avnet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Wells Fargo & Company lifted their target price on shares of Avnet from $60.00 to $70.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th. Bank of America upgraded shares of Avnet from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $66.00 to $96.00 in a report on Wednesday, May 13th. Weiss Ratings downgraded shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Finally, Wall Street Zen downgraded shares of Avnet from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th.

Avnet Price Performance

NASDAQ AVT opened at $88.49 on Friday. Avnet has a fifty-two week low of $44.25 and a fifty-two week high of $95.26. The stock’s 50-day moving average is $79.57 and its two-hundred day moving average is $64.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.01 and a quick ratio of 1.05. The firm has a market cap of $7.26 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 0.39 and a beta of 1.08.

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

Avnet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.6%. Avnet’s payout ratio is 54.47%.

Insider Transactions at Avnet

In related news, CEO Philip R. Gallagher sold 23,920 shares of the business’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 transaction, the chief executive officer owned 145,003 shares of the company’s stock, valued at approximately $12,023,648.76. The trade was a 14.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Avnet by 2.0% during the third quarter. Vanguard Group Inc. now owns 10,783,059 shares of the company’s stock valued at $563,738,000 after purchasing an additional 214,290 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Avnet by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,885,636 shares of the company’s stock valued at $362,655,000 after purchasing an additional 22,137 shares during the period. American Century Companies Inc. increased its position in shares of Avnet by 3.4% during the third quarter. American Century Companies Inc. now owns 3,751,726 shares of the company’s stock valued at $196,140,000 after purchasing an additional 124,466 shares during the period. AQR Capital Management LLC increased its position in shares of Avnet by 30.7% during the fourth quarter. AQR Capital Management LLC now owns 2,961,608 shares of the company’s stock valued at $142,394,000 after purchasing an additional 695,929 shares during the period. Finally, LSV Asset Management increased its position in shares of Avnet by 7.6% during the fourth quarter. LSV Asset Management now owns 2,811,171 shares of the company’s stock valued at $135,161,000 after purchasing an additional 197,400 shares during the period. Institutional investors own 95.78% of the company’s stock.

Avnet Company 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.