Mirabella Financial Services LLP Makes New $2.59 Million Investment in Avnet, Inc. $AVT

Mirabella Financial Services LLP acquired a new stake in Avnet, Inc. (NASDAQ:AVT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 48,700 shares of the company’s stock, valued at approximately $2,585,000.

Several other large investors have also added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its stake in shares of Avnet by 109.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 528 shares of the company’s stock worth $28,000 after acquiring an additional 276 shares in the last quarter. Traub Capital Management LLC purchased a new position in Avnet in the second quarter worth $50,000. SVB Wealth LLC bought a new position in Avnet in the 1st quarter valued at $54,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Avnet during the 2nd quarter valued at $59,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Avnet by 877.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,310 shares of the company’s stock worth $63,000 after purchasing an additional 1,176 shares during the period. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Avnet from $54.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Bank of America increased their price target on Avnet from $48.00 to $50.00 and gave the stock an “underperform” rating in a research note on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $49.33.

Avnet Price Performance

NASDAQ:AVT opened at $49.13 on Friday. Avnet, Inc. has a 52-week low of $39.22 and a 52-week high of $57.24. The stock has a fifty day moving average of $49.23 and a 200 day moving average of $51.69. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.12 and a current ratio of 2.36. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 0.39 and a beta of 0.95.

Avnet (NASDAQ:AVT) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.73 billion. Avnet had a return on equity of 5.91% and a net margin of 1.04%.The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS. On average, research analysts expect that Avnet, Inc. will post 3.41 EPS for the current fiscal year.

Avnet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.40 annualized dividend and a yield of 2.8%. Avnet’s payout ratio is 52.24%.

Avnet Company Profile

Avnet, Inc, distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers.