ARGA Investment Management LP Buys 35,650 Shares of Avnet, Inc. $AVT

ARGA Investment Management LP raised its position in shares of Avnet, Inc. (NASDAQ:AVT) by 407.1% in the 3rd quarter, Holdings Channel reports. The firm owned 44,407 shares of the company’s stock after acquiring an additional 35,650 shares during the period. ARGA Investment Management LP’s holdings in Avnet were worth $2,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quent Capital LLC acquired a new position in shares of Avnet in the third quarter valued at approximately $38,000. SJS Investment Consulting Inc. raised its stake in Avnet by 7,176.9% during the third quarter. SJS Investment Consulting Inc. now owns 946 shares of the company’s stock worth $49,000 after buying an additional 933 shares during the last quarter. Traub Capital Management LLC acquired a new position in shares of Avnet in the 2nd quarter valued at about $50,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Avnet during the 2nd quarter worth approximately $59,000. Finally, Root Financial Partners LLC bought a new stake in Avnet in the third quarter valued at $79,000. 95.78% of the stock is owned by institutional investors.

Avnet Stock Performance

NASDAQ:AVT opened at $50.83 on Friday. Avnet, Inc. has a twelve month low of $39.22 and a twelve month high of $57.24. The company has a quick ratio of 1.12, a current ratio of 2.36 and a debt-to-equity ratio of 0.58. The firm’s fifty day simple moving average is $48.81 and its 200 day simple moving average is $51.16. The stock has a market cap of $4.13 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 0.40 and a beta of 0.92.

Avnet (NASDAQ:AVT) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. Avnet had a return on equity of 5.91% and a net margin of 1.04%.The business had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same period in the previous year, the firm posted $0.92 EPS. The business’s revenue was up 5.3% on a year-over-year basis. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS. As a group, research analysts predict that Avnet, Inc. will post 3.41 EPS for the current year.

Avnet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.8%. Avnet’s dividend payout ratio is currently 52.24%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AVT shares. Truist Financial boosted their price target on shares of Avnet from $54.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Zacks Research raised shares of Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Avnet in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $49.33.

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.