Federated Hermes Inc. Lowers Holdings in Avnet, Inc. $AVT

Federated Hermes Inc. decreased its position in shares of Avnet, Inc. (NASDAQ:AVT) by 18.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 43,315 shares of the company’s stock after selling 9,998 shares during the quarter. Federated Hermes Inc.’s holdings in Avnet were worth $2,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. James Investment Research Inc. lifted its stake in Avnet by 29.3% in the third quarter. James Investment Research Inc. now owns 10,736 shares of the company’s stock worth $561,000 after acquiring an additional 2,432 shares during the period. ARGA Investment Management LP increased its position in Avnet by 407.1% during the 3rd quarter. ARGA Investment Management LP now owns 44,407 shares of the company’s stock valued at $2,322,000 after purchasing an additional 35,650 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Avnet by 26.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 27,622 shares of the company’s stock valued at $1,444,000 after purchasing an additional 5,692 shares in the last quarter. MOKAN Wealth Management Inc. purchased a new stake in shares of Avnet in the 3rd quarter worth approximately $216,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Avnet by 3.7% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 113,389 shares of the company’s stock valued at $5,928,000 after purchasing an additional 4,089 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Avnet Stock Up 1.6%

Avnet stock opened at $63.99 on Thursday. Avnet, Inc. has a 1-year low of $39.22 and a 1-year high of $64.79. The business has a fifty day moving average price of $51.07 and a 200-day moving average price of $51.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.07 and a quick ratio of 1.07. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 0.47 and a beta of 0.93.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The company had revenue of $6.32 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same period last year, the business posted $0.87 earnings per share. The firm’s 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. Equities research analysts forecast that Avnet, Inc. will post 3.41 EPS for the current fiscal year.

Avnet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. Avnet’s dividend payout ratio is presently 57.38%.

Analysts Set New Price Targets

A number of research firms have weighed in on AVT. Truist Financial upped their target price on Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Wall Street Zen raised Avnet from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. 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, January 29th. Zacks Research upgraded Avnet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Weiss Ratings upgraded shares of Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, January 30th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $54.33.

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.