Capital Financial Group Inc. Co. ADV Buys Shares of 7,087 Avnet, Inc. $AVT

Capital Financial Group Inc. Co. ADV bought a new stake in Avnet, Inc. (NASDAQ:AVT) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 7,087 shares of the company’s stock, valued at approximately $341,000.

Several other institutional investors also recently bought and sold shares of the company. BOKF NA boosted its stake in shares of Avnet by 1,116.7% in the 3rd quarter. BOKF NA now owns 584 shares of the company’s stock valued at $31,000 after buying an additional 536 shares during the period. MAI Capital Management boosted its stake in shares of 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 buying an additional 235 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake 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 valued at $35,000 after buying an additional 258 shares during the period. Allworth Financial LP boosted 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 buying an additional 466 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in shares of Avnet by 62.0% in the 4th quarter. Hantz Financial Services Inc. now owns 852 shares of the company’s stock valued at $41,000 after buying an additional 326 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on AVT. Raymond James Financial reiterated a “strong-buy” rating and issued a $95.00 price objective on shares of Avnet in a research note on Thursday, April 30th. Truist Financial lifted their price objective on Avnet to $95.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen cut Avnet from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Wells Fargo & Company lifted their price objective on Avnet from $60.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th. Finally, Bank of America upgraded Avnet from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $66.00 to $96.00 in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

Insiders Place Their Bets

In related news, CEO Philip R. Gallagher sold 23,920 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 owned 145,003 shares in the company, valued at $12,023,648.76. The trade was a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

Avnet Price Performance

AVT stock opened at $91.78 on Tuesday. The business has a 50 day moving average price of $80.72 and a 200 day moving average price of $64.98. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 0.41 and a beta of 1.08. Avnet, Inc. has a fifty-two week low of $44.25 and a fifty-two week high of $95.26. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.50.

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

Avnet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $1.40 annualized dividend and a yield of 1.5%. Avnet’s payout ratio is presently 54.47%.

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.