6,137 Shares in Avnet, Inc. $AVT Bought by MGO One Seven LLC

MGO One Seven LLC bought a new position in shares of Avnet, Inc. (NASDAQ:AVT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,137 shares of the company’s stock, valued at approximately $295,000.

Several other large investors have also added to or reduced their stakes in the business. Crestwood Advisors Group LLC boosted its holdings in Avnet by 1.8% during the fourth quarter. Crestwood Advisors Group LLC now owns 20,399 shares of the company’s stock worth $981,000 after purchasing an additional 353 shares during the last quarter. Citizens Financial Group Inc. RI boosted its holdings in Avnet by 9.5% during the fourth quarter. Citizens Financial Group Inc. RI now owns 4,591 shares of the company’s stock worth $221,000 after purchasing an additional 398 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Avnet by 18.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 47,739 shares of the company’s stock worth $2,295,000 after purchasing an additional 7,469 shares during the last quarter. Vest Financial LLC boosted its holdings in Avnet by 80.3% during the fourth quarter. Vest Financial LLC now owns 7,941 shares of the company’s stock worth $382,000 after purchasing an additional 3,537 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in Avnet by 10.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,975 shares of the company’s stock worth $576,000 after purchasing an additional 1,089 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AVT shares. Wall Street Zen cut shares of Avnet from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings cut shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Zacks Research upgraded shares of Avnet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Bank of America upgraded shares of Avnet from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $66.00 to $96.00 in a report on Wednesday. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $95.00 price target on shares of Avnet in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

Key Headlines Impacting Avnet

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Bank of America upgraded Avnet, boosting investor confidence and helping the shares rise. Avnet rises after rating upgrade at BofA
• Positive Sentiment: Analysts lifted the price target to $83.13, implying additional upside potential for Avnet (AVT). Avnet price target increased by 23.48% to 83.13
• Positive Sentiment: Zacks raised multiple forward earnings estimates, signaling expectations for stronger profitability in coming fiscal periods.
• Neutral Sentiment: Zacks lowered its Q3 2027 EPS estimate slightly, but kept a Strong-Buy rating and raised longer-term forecasts overall.

Insider Buying and Selling

In other Avnet news, CEO Philip R. Gallagher sold 23,920 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $82.92, for a total value of $1,983,446.40. Following the completion of the sale, the chief executive officer owned 145,003 shares in the company, valued at $12,023,648.76. This trade represents a 14.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Avnet Stock Performance

Shares of AVT stock opened at $84.06 on Friday. The stock has a market cap of $6.89 billion, a P/E ratio of 32.71, a P/E/G ratio of 0.41 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.01 and a quick ratio of 1.05. The company has a fifty day moving average price of $69.51 and a two-hundred day moving average price of $58.96. Avnet, Inc. has a one year low of $44.25 and a one year high of $87.46.

Avnet (NASDAQ:AVT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.15. The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The company’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 earnings per share. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. As a group, equities analysts predict that Avnet, Inc. will post 4.92 EPS for the current year.

Avnet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were paid a $0.35 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.7%. Avnet’s dividend payout ratio (DPR) is currently 54.47%.

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.