Avnet (NASDAQ:AVT) Stock Price Expected to Rise, Truist Financial Analyst Says

Avnet (NASDAQ:AVT) had its price target hoisted by equities researchers at Truist Financial from $55.00 to $65.00 in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target indicates a potential upside of 4.18% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on AVT. 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. Zacks Research upgraded shares of Avnet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $54.33.

Avnet Stock Down 0.6%

Shares of Avnet stock opened at $62.39 on Thursday. 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 has a 1 year low of $39.22 and a 1 year high of $63.10. The firm’s 50-day moving average is $50.08 and its two-hundred day moving average is $51.22. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 0.49 and a beta of 0.92.

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

Institutional Investors Weigh In On Avnet

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of Avnet by 6.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,984 shares of the company’s stock valued at $156,000 after purchasing an additional 192 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Avnet by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 26,674 shares of the company’s stock valued at $1,416,000 after buying an additional 211 shares in the last quarter. MAI Capital Management increased its holdings in Avnet by 53.7% in the third quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $35,000 after buying an additional 235 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Avnet by 3.5% in the third quarter. Ballentine Partners LLC now owns 7,324 shares of the company’s stock worth $383,000 after acquiring an additional 249 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Avnet by 53.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 737 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.