Cambria Investment Management L.P. Reduces Stake in Avnet, Inc. $AVT

Cambria Investment Management L.P. lessened its position in shares of Avnet, Inc. (NASDAQ:AVT) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 179,158 shares of the company’s stock after selling 12,387 shares during the quarter. Cambria Investment Management L.P. owned 0.22% of Avnet worth $9,366,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AVT. Hantz Financial Services Inc. grew its stake in shares of Avnet by 132.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $27,000 after purchasing an additional 300 shares during the period. BOKF NA lifted 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 worth $31,000 after purchasing an additional 536 shares during the period. MAI Capital Management lifted 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 worth $35,000 after purchasing an additional 235 shares during the period. Quent Capital LLC purchased a new position in shares of Avnet in the third quarter worth approximately $38,000. Finally, Winnow Wealth LLC purchased a new position in shares of Avnet in the third quarter worth approximately $39,000. Institutional investors own 95.78% of the company’s stock.

Avnet Stock Performance

AVT opened at $59.79 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 2.07. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 0.45 and a beta of 0.91. The company has a fifty day moving average of $60.12 and a 200 day moving average of $53.56. Avnet, Inc. has a fifty-two week low of $39.22 and a fifty-two week high of $68.29.

Avnet (NASDAQ:AVT) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 EPS 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 analysts’ expectations of $6.03 billion. Avnet had a net margin of 0.90% and a return on equity of 6.08%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.87 EPS. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, sell-side analysts forecast that Avnet, Inc. will post 3.41 earnings per share for the current fiscal year.

Avnet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. Avnet’s dividend payout ratio is presently 57.38%.

Analyst Ratings Changes

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

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.