Avnet (NASDAQ:AVT) SVP Sells 32,052 Shares

Avnet, Inc. (NASDAQ:AVT) SVP Michael Ryan Mccoy sold 32,052 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $91.10, for a total value of $2,919,937.20. Following the transaction, the senior vice president directly owned 76,674 shares of the company’s stock, valued at approximately $6,985,001.40. This trade represents a 29.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Avnet Price Performance

Shares of Avnet stock traded up $1.75 during trading on Friday, reaching $88.64. The company’s stock had a trading volume of 1,132,672 shares, compared to its average volume of 1,244,417. The business has a 50 day moving average price of $89.39 and a 200-day moving average price of $78.19. Avnet, Inc. has a 12-month low of $44.25 and a 12-month high of $100.00. The company has a market capitalization of $7.27 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 0.29 and a beta of 1.09. The company has a quick ratio of 0.97, a current ratio of 1.78 and a debt-to-equity ratio of 0.49.

Avnet (NASDAQ:AVT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.48. Avnet had a return on equity of 9.57% and a net margin of 1.21%.The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $7.56 billion. During the same quarter in the prior year, the business posted $0.81 earnings per share. Avnet’s revenue was up 47.7% compared to the same quarter last year. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. As a group, sell-side analysts anticipate that Avnet, Inc. will post 9.66 EPS for the current year.

Avnet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.7%. This is a positive change from Avnet’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, September 9th. Avnet’s dividend payout ratio (DPR) is 35.09%.

Institutional Trading of Avnet

Institutional investors and hedge funds have recently modified their holdings of the business. Jefferies Financial Group Inc. acquired a new position in Avnet in the fourth quarter valued at $602,000. Jupiter Asset Management Ltd. acquired a new stake in Avnet in the 4th quarter worth about $4,865,000. GSA Capital Partners LLP grew its holdings in Avnet by 255.2% in the 4th quarter. GSA Capital Partners LLP now owns 41,830 shares of the company’s stock valued at $2,011,000 after buying an additional 30,052 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Avnet during the 1st quarter valued at about $2,400,000. Finally, Foster & Motley Inc. acquired a new position in shares of Avnet during the 2nd quarter valued at about $11,263,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Avnet from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Wells Fargo & Company raised their price objective on Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Monday, July 20th. Wall Street Zen raised Avnet from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Zacks Research upgraded Avnet from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $95.00 target price on shares of Avnet in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Avnet presently has an average rating of “Moderate Buy” and an average price target of $93.25.

Avnet News Summary

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Broad-based earnings estimate increases: Zacks Research raised its EPS forecasts across multiple periods, including Q1 2027 to $2.85 from $1.53, Q2 2027 to $2.16 from $1.74, Q3 2027 to $1.96 from $1.55, and FY2027 to $9.00 from $6.65. The firm also lifted FY2028 estimates to $9.79 from $7.19 and projects FY2029 EPS of $10.15. Zacks maintains a “Strong-Buy” rating. Zacks Research earnings estimates
• Positive Sentiment: Higher forward-quarter expectations: The firm increased its Q1 2028 forecast to $3.14 from $1.85, Q2 2028 to $2.35 from $1.89, Q3 2028 to $2.06 from $1.66, and Q4 2028 to $2.23 from $1.79. These revisions point to stronger anticipated earnings momentum than previously expected. Avnet forward earnings revisions
• Positive Sentiment: Dividend increase: Avnet declared a quarterly dividend of $0.37 per share, up from $0.35, representing a 5.7% increase. The dividend is payable September 23 to shareholders of record September 9, with an indicated annual yield of approximately 1.7%. Avnet increases quarterly dividend
• Neutral Sentiment: Valuation remains a focus: Zacks is examining whether Avnet is undervalued based on value, growth, momentum, and earnings-estimate trends. The discussion could attract value-oriented investors, although the article details provided do not include a specific valuation conclusion. Are Investors Undervaluing Avnet

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.