Avnet (NASDAQ:AVT) Stock Rating Upgraded by Wall Street Zen

Avnet (NASDAQ:AVT) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

AVT has been the topic of several other reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Avnet in a research report on Wednesday, October 8th. Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Truist Financial increased their target price on shares of Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Wells Fargo & Company raised their target price on shares of Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $54.33.

Avnet Stock Performance

Shares of NASDAQ AVT opened at $62.39 on Friday. Avnet has a 12-month low of $39.22 and a 12-month high of $63.10. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 0.48 and a beta of 0.92. The company has a current ratio of 2.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $50.08 and a 200 day moving average of $51.17.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $6.03 billion. During the same period last year, the firm earned $0.87 earnings per share. The company’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. On average, research analysts anticipate that Avnet will post 3.41 earnings per share for the current year.

Institutional Investors Weigh In On Avnet

Several institutional investors and hedge funds have recently modified their holdings of AVT. Hantz Financial Services Inc. boosted its position in shares of Avnet by 132.7% during the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock worth $27,000 after acquiring an additional 300 shares during the last quarter. BOKF NA lifted its stake in Avnet by 1,116.7% in the 3rd quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after purchasing an additional 536 shares in the last quarter. MAI Capital Management boosted its holdings in shares of Avnet by 53.7% during the 3rd quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $35,000 after purchasing an additional 235 shares during the last quarter. Allworth Financial LP grew its position in shares of Avnet by 199.1% during the third quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $37,000 after purchasing an additional 466 shares in the last quarter. Finally, Quent Capital LLC purchased a new position in shares of Avnet during the third quarter valued at about $38,000. 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.