Avnet, Inc. (NASDAQ:AVT) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Avnet, Inc. (NASDAQ:AVT) have received a consensus recommendation of “Reduce” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $54.3333.

Several analysts have recently weighed in on AVT shares. Weiss Ratings restated a “hold (c+)” rating on shares of Avnet in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research note on Thursday. Zacks Research upgraded shares of Avnet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Wall Street Zen raised Avnet from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Truist Financial lifted their target price on Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday.

Institutional Investors Weigh In On Avnet

Institutional investors and hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. grew its holdings in shares of Avnet by 132.7% during the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock worth $27,000 after buying an additional 300 shares during the last quarter. BOKF NA lifted its position in Avnet by 1,116.7% during the 3rd quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after acquiring an additional 536 shares during the period. MAI Capital Management grew 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 purchasing an additional 235 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew 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 purchasing an additional 258 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Avnet by 199.1% in the third quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $37,000 after purchasing an additional 466 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Avnet Stock Down 0.6%

Shares of NASDAQ AVT opened at $62.39 on Friday. The business has a 50-day moving average of $50.08 and a two-hundred day moving average of $51.22. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92. Avnet has a 1 year low of $39.22 and a 1 year high of $63.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.07 and a quick ratio of 1.12.

Avnet (NASDAQ:AVT) last issued its earnings results on Wednesday, January 28th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.10. The business had revenue of $6.32 billion for the quarter, compared to analyst estimates of $6.03 billion. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $0.87 EPS. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. On average, analysts forecast that Avnet will post 3.41 earnings per share for the current fiscal year.

Avnet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were paid a $0.35 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. Avnet’s payout ratio is currently 57.38%.

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.