Avnet, Inc. (NASDAQ:AVT) Receives Average Recommendation of “Moderate Buy” from Analysts

Avnet, Inc. (NASDAQ:AVT) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $89.50.

Several equities research analysts recently commented on AVT shares. Weiss Ratings raised shares of Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Truist Financial increased their target price on Avnet to $95.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Bank of America raised Avnet from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $66.00 to $96.00 in a research note on Wednesday, May 13th. Raymond James Financial reissued a “strong-buy” rating and issued a $95.00 price target on shares of Avnet in a research note on Thursday, April 30th. Finally, Wells Fargo & Company boosted their price target on Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Monday.

Insider Buying and Selling

In other Avnet news, CEO Philip R. Gallagher sold 23,920 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $82.92, for a total value of $1,983,446.40. Following the sale, the chief executive officer owned 145,003 shares in the company, valued at approximately $12,023,648.76. The trade was a 14.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Avnet

Several hedge funds have recently made changes to their positions in the business. Summit Securities Group LLC bought a new stake in shares of Avnet in the fourth quarter worth $28,000. BOKF NA grew its position in Avnet by 1,116.7% in the third 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. Allworth Financial LP increased its stake in Avnet by 199.1% in the 3rd quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $37,000 after buying an additional 466 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Avnet by 62.0% in the 4th quarter. Hantz Financial Services Inc. now owns 852 shares of the company’s stock valued at $41,000 after buying an additional 326 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its stake in Avnet by 38.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 666 shares of the company’s stock valued at $59,000 after buying an additional 185 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Avnet Stock Performance

Shares of AVT stock opened at $89.42 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 2.01. Avnet has a 52 week low of $44.25 and a 52 week high of $95.26. The company’s 50 day moving average price is $87.31 and its two-hundred day moving average price is $72.65. The company has a market capitalization of $7.33 billion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 0.28 and a beta of 1.09.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.15. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the company earned $0.84 earnings per share. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, analysts expect that Avnet will post 5.12 earnings per share for the current fiscal year.

Avnet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, June 3rd. Avnet’s dividend payout ratio (DPR) is currently 54.47%.

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.