Fox Run Management L.L.C. Invests $509,000 in Avnet, Inc. $AVT

Fox Run Management L.L.C. acquired a new position in shares of Avnet, Inc. (NASDAQ:AVT) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,736 shares of the company’s stock, valued at approximately $509,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVT. Royal Bank of Canada boosted its position in shares of Avnet by 3.0% during the first quarter. Royal Bank of Canada now owns 71,697 shares of the company’s stock worth $3,447,000 after buying an additional 2,101 shares during the period. Goldman Sachs Group Inc. lifted its stake in Avnet by 16.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company’s stock worth $11,148,000 after acquiring an additional 31,919 shares in the last quarter. United Services Automobile Association purchased a new position in Avnet during the 1st quarter valued at about $267,000. Empowered Funds LLC grew its position in Avnet by 9.3% in the 1st quarter. Empowered Funds LLC now owns 8,142 shares of the company’s stock valued at $392,000 after acquiring an additional 696 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Avnet by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,757 shares of the company’s stock worth $17,012,000 after purchasing an additional 16,443 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AVT shares. Wells Fargo & Company upped 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, January 29th. Truist Financial increased their price objective on Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. Weiss Ratings cut Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Finally, Wall Street Zen upgraded Avnet from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $54.33.

Avnet Stock Down 0.5%

Shares of NASDAQ AVT opened at $65.84 on Friday. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 0.49 and a beta of 0.93. 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 business has a 50-day moving average of $56.89 and a two-hundred day moving average of $52.91. Avnet, Inc. has a 1 year low of $39.22 and a 1 year high of $68.29.

Avnet (NASDAQ:AVT) last released its quarterly earnings data on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. The business had revenue of $6.32 billion for the quarter, compared to the consensus estimate of $6.03 billion. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 EPS. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. On average, analysts forecast that Avnet, Inc. will post 3.41 earnings per share for the current fiscal year.

Avnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. Avnet’s dividend payout ratio (DPR) is presently 57.38%.

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.