Avnet, Inc. (NASDAQ:AVT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Avnet, Inc. (NASDAQ:AVT) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $89.00.

A number of brokerages have recently commented on AVT. Truist Financial increased their price objective on Avnet to $95.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Raymond James Financial restated a “strong-buy” rating and set a $95.00 target price on shares of Avnet in a research note on Thursday, April 30th. Bank of America upgraded Avnet from an “underperform” rating to a “neutral” rating and increased their target price for the company from $66.00 to $96.00 in a research note on Wednesday, May 13th. Weiss Ratings downgraded Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Finally, Wells Fargo & Company increased their target price on Avnet from $60.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th.

Key Avnet News

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.

Insiders Place Their Bets

In related news, CEO Philip R. Gallagher sold 23,920 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $82.92, for a total transaction 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 represents a 14.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Avnet

Hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new stake in shares of Avnet in the 3rd quarter worth approximately $616,000. Candriam S.C.A. bought a new stake in shares of Avnet in the 3rd quarter worth approximately $2,064,000. Bessemer Group Inc. lifted its position in shares of Avnet by 7,002.0% in the 3rd quarter. Bessemer Group Inc. now owns 28,053 shares of the company’s stock worth $1,466,000 after acquiring an additional 27,658 shares during the period. Vanguard Group Inc. lifted its position in shares of Avnet by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 10,783,059 shares of the company’s stock worth $563,738,000 after acquiring an additional 214,290 shares during the period. Finally, Polaris Capital Management LLC bought a new stake in shares of Avnet in the 3rd quarter worth approximately $1,861,000. Institutional investors own 95.78% of the company’s stock.

Avnet Stock Performance

Shares of NASDAQ AVT opened at $84.06 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 2.01. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 0.38 and a beta of 1.09. The business’s 50-day simple moving average is $69.51 and its 200-day simple moving average is $59.01. Avnet has a 52 week low of $44.25 and a 52 week high of $87.46.

Avnet (NASDAQ:AVT) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.15. The business had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.45 billion. Avnet had a return on equity of 7.07% and a net margin of 0.86%.The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. As a group, equities research analysts expect that Avnet will post 5.12 earnings per share for the current fiscal year.

Avnet Announces Dividend

The firm 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. The ex-dividend date was Wednesday, March 4th. This represents a $1.40 annualized dividend and a yield of 1.7%. Avnet’s dividend payout ratio is presently 54.47%.

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.