Brokerages Set Avnet, Inc. (NASDAQ:AVT) PT at $54.33

Shares of Avnet, Inc. (NASDAQ:AVT) have received a consensus rating of “Reduce” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $54.3333.

A number of analysts have recently issued reports on AVT shares. Wall Street Zen upgraded shares of Avnet from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Wells Fargo & Company raised their target price on shares of Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a research report on Thursday, January 29th. Truist Financial boosted their price target on shares of Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, January 29th. Weiss Ratings upgraded Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, January 30th. Finally, Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th.

Hedge Funds Weigh In On Avnet

Institutional investors have recently added to or reduced their stakes in the company. World Investment Advisors lifted its stake in Avnet by 2.3% in the fourth quarter. World Investment Advisors now owns 9,873 shares of the company’s stock valued at $471,000 after acquiring an additional 219 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Avnet by 118.8% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 10,500 shares of the company’s stock valued at $505,000 after purchasing an additional 5,700 shares during the last quarter. Denali Advisors LLC grew its holdings in Avnet by 69.9% during the fourth quarter. Denali Advisors LLC now owns 22,454 shares of the company’s stock worth $1,080,000 after purchasing an additional 9,240 shares during the period. MGO One Seven LLC acquired a new position in Avnet during the fourth quarter worth approximately $295,000. Finally, Crestwood Advisors Group LLC raised its stake in Avnet by 1.8% in the fourth quarter. Crestwood Advisors Group LLC now owns 20,399 shares of the company’s stock valued at $981,000 after buying an additional 353 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Avnet Price Performance

Shares of NASDAQ AVT opened at $63.99 on Friday. The company has a fifty day moving average price of $51.07 and a 200 day moving average price of $51.37. The firm has a market cap of $5.24 billion, a PE ratio of 26.23, a PEG ratio of 0.47 and a beta of 0.93. The company has a current ratio of 2.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. Avnet has a 1-year low of $39.22 and a 1-year high of $64.79.

Avnet (NASDAQ:AVT) last issued 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. The company had revenue of $6.32 billion for the quarter, compared to analyst estimates of $6.03 billion. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 earnings per share. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. Research analysts predict that Avnet will post 3.41 earnings per share for the current fiscal year.

Avnet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders 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 dividend yield of 2.2%. Avnet’s dividend payout ratio is currently 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.