Nisa Investment Advisors LLC Sells 8,987 Shares of Avnet, Inc. $AVT

Nisa Investment Advisors LLC trimmed its holdings in shares of Avnet, Inc. (NASDAQ:AVT) by 16.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 46,464 shares of the company’s stock after selling 8,987 shares during the period. Nisa Investment Advisors LLC’s holdings in Avnet were worth $2,234,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AVT. Hantz Financial Services Inc. increased its holdings in shares of Avnet by 132.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. BOKF NA lifted its holdings in Avnet by 1,116.7% in the 3rd quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after purchasing an additional 536 shares during the last quarter. MAI Capital Management lifted its holdings in Avnet by 53.7% in the 3rd quarter. MAI Capital Management now owns 673 shares of the company’s stock worth $35,000 after purchasing an additional 235 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Avnet by 53.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 737 shares of the company’s stock worth $35,000 after purchasing an additional 258 shares during the period. Finally, Allworth Financial LP boosted its position in Avnet by 199.1% during the third quarter. Allworth Financial LP now owns 700 shares of the company’s stock worth $37,000 after purchasing an additional 466 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Avnet Stock Performance

AVT opened at $61.87 on Friday. The firm has a market capitalization of $5.06 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 0.46 and a beta of 0.90. The stock’s 50 day moving average price is $62.62 and its two-hundred day moving average price is $54.17. The company has a quick ratio of 1.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. Avnet, Inc. has a 12-month low of $39.22 and a 12-month high of $68.29.

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

Avnet Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. Weiss Ratings downgraded shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. 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 note on Thursday, January 29th. Finally, Wall Street Zen upgraded shares of Avnet from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $54.33.

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.