Avnet Inc. (NYSE:AVT) traded down 3.8% on Monday . The stock traded as low as $38.79 and last traded at $39.67, with a volume of 1,337,089 shares changing hands. The stock had previously closed at $41.25.

Several equities research analysts have recently weighed in on the company. Credit Agricole SA lowered Avnet from an “outperform” rating to an “underperform” rating in a research note on Thursday, April 28th. Bank of America Corp. assumed coverage on Avnet in a research note on Wednesday, April 27th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded Avnet from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th. Brean Capital lowered Avnet from a “buy” rating to a “hold” rating in a research note on Friday, April 29th. Finally, Longbow Research lowered Avnet from a “buy” rating to a “neutral” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.14.

The stock has a market cap of $5.10 billion and a PE ratio of 9.445. The stock has a 50-day moving average of $41.08 and a 200-day moving average of $41.38.

Avnet (NYSE:AVT) last released its quarterly earnings results on Thursday, April 28th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.03. The business earned $6.17 billion during the quarter, compared to analyst estimates of $6.31 billion. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. On average, analysts expect that Avnet Inc. will post $4.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 20th. Stockholders of record on Tuesday, June 7th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, June 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.71%.

Several large investors have added to or reduced their stakes in AVT. SECOR Capital Advisors LP increased its stake in Avnet by 1.9% in the fourth quarter. SECOR Capital Advisors LP now owns 23,334 shares of the company’s stock worth $1,000,000 after buying an additional 425 shares during the last quarter. Aviance Capital Partners LLC increased its stake in Avnet by 13.4% in the fourth quarter. Aviance Capital Partners LLC now owns 27,455 shares of the company’s stock worth $1,176,000 after buying an additional 3,243 shares during the last quarter. Twin Capital Management Inc. increased its stake in Avnet by 51.0% in the fourth quarter. Twin Capital Management Inc. now owns 43,430 shares of the company’s stock worth $1,861,000 after buying an additional 14,660 shares during the last quarter. GAM Holding AG increased its stake in Avnet by 2.6% in the fourth quarter. GAM Holding AG now owns 44,145 shares of the company’s stock worth $1,891,000 after buying an additional 1,133 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in Avnet during the fourth quarter worth $1,906,000.

Avnet, Inc distributes electronic components, enterprise computer and storage products, information technology solutions and services, and embedded subsystems. The Company operates in two segments: Electronics Marketing (EM) and Technology Solutions (TS). Both operating groups have operations in each of the three economic regions of the world: the Americas; Europe, the Middle East and Africa; and Asia/Pacific, consisting of Asia, Australia and New Zealand.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.