SG Americas Securities LLC Grows Stock Holdings in Avnet, Inc. $AVT

SG Americas Securities LLC grew its stake in Avnet, Inc. (NASDAQ:AVT) by 3,843.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,520 shares of the company’s stock after acquiring an additional 106,743 shares during the period. SG Americas Securities LLC owned 0.13% of Avnet worth $5,266,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AVT. Hantz Financial Services Inc. grew its stake in Avnet by 132.7% in the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. BOKF NA raised its position in Avnet by 1,116.7% during the 3rd quarter. BOKF NA now owns 584 shares of the company’s stock valued at $31,000 after purchasing an additional 536 shares in the last quarter. MAI Capital Management lifted its holdings 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 buying an additional 235 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings 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 worth $35,000 after buying an additional 258 shares during the period. Finally, Allworth Financial LP grew its position in shares of Avnet by 199.1% during the 3rd quarter. Allworth Financial LP now owns 700 shares of the company’s stock worth $37,000 after buying an additional 466 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Avnet Trading Up 2.1%

Shares of NASDAQ:AVT opened at $62.91 on Thursday. Avnet, Inc. has a 12-month low of $39.22 and a 12-month high of $68.29. The business’s fifty day simple moving average is $62.18 and its 200-day simple moving average is $54.06. The company has a market capitalization of $5.15 billion, a PE ratio of 25.78, a P/E/G ratio of 0.46 and a beta of 0.90. The company has a current ratio of 2.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50.

Avnet (NASDAQ:AVT) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The firm had revenue of $6.32 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same period in the prior year, the business posted $0.87 EPS. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, equities research analysts predict 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. Shareholders of record on Wednesday, March 4th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, March 4th. Avnet’s dividend payout ratio is presently 57.38%.

Analysts Set New Price Targets

Several equities analysts have recently commented on AVT shares. Weiss Ratings lowered Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Truist Financial upped their price objective on shares of Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Wells Fargo & Company increased their target price on shares of Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a report on Thursday, January 29th. Finally, Wall Street Zen upgraded shares of Avnet from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Avnet currently has an average rating of “Reduce” and an average price target of $54.33.

About Avnet

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.