Avnet, Inc. (NASDAQ:AVT) Receives $54.33 Consensus Target Price from Analysts

Shares of Avnet, Inc. (NASDAQ:AVT) have received an average rating of “Reduce” from the five brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $54.3333.

A number of research analysts recently commented on AVT shares. Truist Financial increased their price target on Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, January 29th. Wall Street Zen raised Avnet from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Weiss Ratings cut Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Finally, Wells Fargo & Company raised their price target on shares of Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research report on Thursday, January 29th.

Institutional Investors Weigh In On Avnet

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. raised its stake in shares of Avnet by 132.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $27,000 after purchasing an additional 300 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Avnet during the fourth quarter worth about $28,000. BOKF NA grew its stake in Avnet by 1,116.7% in the third quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after purchasing an additional 536 shares in the last quarter. MAI Capital Management increased its holdings in Avnet by 53.7% in the third quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $35,000 after buying an additional 235 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Avnet by 53.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 737 shares of the company’s stock valued at $35,000 after buying an additional 258 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Avnet Stock Performance

Avnet stock opened at $61.20 on Friday. Avnet has a 12-month low of $39.22 and a 12-month high of $68.29. 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 company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 0.46 and a beta of 0.91. The firm’s fifty day moving average price is $61.36 and its 200 day moving average price is $53.86.

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

Avnet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.40 annualized dividend and a yield of 2.3%. Avnet’s dividend payout ratio is currently 57.38%.

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.