LSV Asset Management Sells 54,152 Shares of Avnet, Inc. $AVT

LSV Asset Management decreased its holdings in shares of Avnet, Inc. (NASDAQ:AVT) by 2.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,613,771 shares of the company’s stock after selling 54,152 shares during the period. LSV Asset Management’s holdings in Avnet were worth $136,648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in Avnet by 25.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,680,538 shares of the company’s stock worth $88,312,000 after buying an additional 345,721 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Avnet by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 1,101,103 shares of the company’s stock valued at $58,447,000 after acquiring an additional 36,549 shares during the last quarter. Norges Bank acquired a new stake in shares of Avnet in the second quarter valued at about $51,495,000. Bank of America Corp DE raised its holdings in Avnet by 2.2% during the second quarter. Bank of America Corp DE now owns 914,241 shares of the company’s stock worth $48,528,000 after acquiring an additional 19,385 shares in the last quarter. Finally, Boston Partners boosted its position in Avnet by 47.8% during the second quarter. Boston Partners now owns 739,195 shares of the company’s stock valued at $39,095,000 after purchasing an additional 239,226 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AVT has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research report on Thursday, January 29th. Wall Street Zen raised shares of Avnet from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Weiss Ratings raised shares of Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, January 30th. Truist Financial increased their price target on shares of Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. Finally, Zacks Research upgraded shares of Avnet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $54.33.

Avnet Stock Up 0.8%

AVT opened at $66.34 on Thursday. The stock’s fifty day simple moving average is $52.87 and its 200 day simple moving average is $51.77. Avnet, Inc. has a 1-year low of $39.22 and a 1-year high of $67.39. The stock has a market cap of $5.43 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 0.50 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 (NASDAQ:AVT) last released its quarterly earnings data on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.95 by $0.10. The firm had revenue of $6.32 billion for the quarter, compared to the consensus estimate of $6.03 billion. Avnet had a net margin of 0.90% and a return on equity of 6.08%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 earnings per share. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, research analysts expect that Avnet, Inc. will post 3.41 earnings per share for the current year.

Avnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $1.40 annualized dividend and a yield of 2.1%. Avnet’s dividend payout ratio (DPR) is 57.38%.

Avnet News Roundup

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Zacks raised several near-term estimates, including FY2026 EPS to $4.48 (from $4.29) and upgrades to quarters such as Q3 2026 and Q4 2026 — a sign analysts expect stronger results in the coming year. This can support the stock if investors focus on nearer-term earnings momentum. MarketBeat: Avnet
• Neutral Sentiment: Zacks left its rating at “Hold” while publishing a full slate of revised estimates (2026–2028). The persistence of a Hold rating signals no strong conviction to buy/sell based solely on these updates. MarketBeat: Avnet
• Negative Sentiment: Offsetting the upgrades, Zacks trimmed multiple later-period forecasts: Q1 2027, Q4 2027, Q1–Q2 2028 and cut FY2027 (to $6.32 from $6.46) and FY2028 (to $7.16 from $7.41). Downward revisions to medium-term/longer-term EPS can lower forward expectations and put pressure on the stock if investors focus on multi-year growth. MarketBeat: Avnet
• Neutral Sentiment: Recent short-interest reports in the feed show 0 shares / data anomalies (NaN), which appears to be reporting noise rather than meaningful positioning changes — treat as non-informative until corrected. MarketBeat: Avnet

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.