ProShare Advisors LLC Buys 9,004 Shares of Avnet, Inc. $AVT

ProShare Advisors LLC increased its stake in Avnet, Inc. (NASDAQ:AVT) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 125,332 shares of the company’s stock after buying an additional 9,004 shares during the period. ProShare Advisors LLC owned 0.15% of Avnet worth $6,552,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. LSV Asset Management grew its stake in shares of Avnet by 2.5% in the second quarter. LSV Asset Management now owns 2,667,923 shares of the company’s stock worth $141,613,000 after acquiring an additional 66,191 shares during the last quarter. AQR Capital Management LLC grew 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 valued at $88,312,000 after purchasing an additional 345,721 shares during the last quarter. Bank of New York Mellon Corp grew its position in Avnet by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,101,103 shares of the company’s stock valued at $58,447,000 after purchasing an additional 36,549 shares during the last quarter. Norges Bank bought a new stake in Avnet during the 2nd quarter valued at about $51,495,000. Finally, Bank of America Corp DE raised its holdings in Avnet by 2.2% in the second quarter. Bank of America Corp DE now owns 914,241 shares of the company’s stock worth $48,528,000 after buying an additional 19,385 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. 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 increased their target price on Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a research note on Thursday, January 29th. Truist Financial boosted their price target on Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Weiss Ratings raised Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $54.33.

Avnet Price Performance

Shares of AVT opened at $65.96 on Friday. The firm has a fifty day simple moving average of $53.20 and a two-hundred day simple moving average of $51.87. The firm has a market cap of $5.40 billion, a PE ratio of 27.03, a P/E/G ratio of 0.49 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, Inc. has a 1-year low of $39.22 and a 1-year high of $67.57.

Avnet (NASDAQ:AVT) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.95 by $0.10. The company had revenue of $6.32 billion during 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%.Avnet’s revenue was up 11.6% compared to the same quarter last year. During the same quarter 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. On average, equities analysts anticipate that Avnet, Inc. will post 3.41 EPS for the current year.

Avnet Announces Dividend

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

Avnet News Summary

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Zacks raised several near‑term and FY2026 estimates (including FY2026 to $4.48 from $4.29, and bumps to Q3 & Q4 FY2026 and some FY2027 quarter estimates), which suggests pockets of stronger near‑term outlook that could support the stock. MarketBeat AVT
• Neutral Sentiment: Zacks left a “Hold” rating on AVT; the firm’s mixed set of raises and cuts signals caution rather than a clear upgrade or downgrade from analysts. MarketBeat AVT
• Neutral Sentiment: Reported short interest data shows essentially zero shares short (and an unreliable NaN change), so short covering or new short activity is not a meaningful driver of today’s move. MarketBeat AVT
• Negative Sentiment: Zacks trimmed several mid‑ to longer‑term estimates (cuts to Q1 FY2027, Q4 FY2027, FY2027 and FY2028 along with reductions to several quarterly forecasts), and lowered some forward-year expectations — a net downward revision for future earnings that can pressure the stock. MarketBeat AVT

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.