Should I buy or sell Avnet stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" AVT shares. View AVT analyst ratings or view top-rated stocks .

What is Avnet's stock price target for 2024?

4 brokerages have issued 12-month target prices for Avnet's stock. Their AVT share price targets range from $40.00 to $50.00. On average, they predict the company's share price to reach $45.50 in the next twelve months. This suggests that the stock has a possible downside of 1.9%. View analysts price targets for AVT or view top-rated stocks among Wall Street analysts .

How have AVT shares performed in 2024?

Avnet's stock was trading at $50.40 on January 1st, 2024. Since then, AVT shares have decreased by 8.0% and is now trading at $46.38. View the best growth stocks for 2024 here .

Are investors shorting Avnet?

Avnet saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,160,000 shares, an increase of 7.1% from the March 15th total of 2,950,000 shares. Based on an average daily volume of 592,800 shares, the days-to-cover ratio is currently 5.3 days. Approximately 3.5% of the company's stock are short sold. View Avnet's Short Interest .

When is Avnet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our AVT earnings forecast .

How were Avnet's earnings last quarter?

Avnet, Inc. (NASDAQ:AVT) released its earnings results on Wednesday, January, 31st. The company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.01. The firm had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.15 billion. Avnet had a net margin of 2.62% and a trailing twelve-month return on equity of 13.60%. During the same quarter in the previous year, the firm earned $2.00 earnings per share.

How often does Avnet pay dividends? What is the dividend yield for Avnet?

Avnet declared a quarterly dividend on Thursday, February 15th. Stockholders of record on Wednesday, March 6th will be given a dividend of $0.31 per share on Wednesday, March 20th. This represents a $1.24 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, March 5th. Read our dividend analysis for AVT .

Is Avnet a good dividend stock?

Avnet (NASDAQ:AVT) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.63%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVT will have a dividend payout ratio of 20.36% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AVT .

What ETFs hold Avnet's stock?

ETFs with the largest weight of Avnet (NASDAQ:AVT) stock in their portfolio include ProShares S&P Technology Dividend Aristocrats ETF (TDV) , Invesco S&P MidCap 400 Pure Value ETF (RFV) , Invesco S&P MidCap Value with Momentum ETF (XMVM) , QRAFT AI-Enhanced U.S. Next Value ETF (NVQ) , AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) , First Trust Technology AlphaDEX Fund (FXL) , Invesco S&P MidCap 400 Revenue ETF (RWK) and ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM) .

What guidance has Avnet issued on next quarter's earnings?

Avnet issued an update on its third quarter 2024 earnings guidance on Wednesday, January, 31st. The company provided earnings per share guidance of 1.050-1.150 for the period, compared to the consensus estimate of 1.340. The company issued revenue guidance of $5.6 billion-$5.9 billion, compared to the consensus revenue estimate of $5.9 billion.

Who are Avnet's major shareholders?

Avnet's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include ARGA Investment Management LP (0.36%), Alaska Permanent Fund Corp (0.06%), First Hawaiian Bank (0.04%), New England Research & Management Inc. (0.01%), Atlas Capital Advisors LLC (0.01%) and Park Avenue Securities LLC (0.01%). Insiders that own company stock include Elizabeth Mcmullen , James A Lawrence, James A Lawrence , Ken E Arnold , Kenneth A Jacobson, Kenneth A Jacobson , Leng Jin Chan , Philip R Gallagher, Philip R Gallagher , Thomas Liguori and William H Schumann . View institutional ownership trends .

How do I buy shares of Avnet?

Shares of AVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:AVT

Avnet (AVT) Stock Price, News & Analysis

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$46.54

-0.05 (-0.11%)

(As of 04:23 PM ET)

Compare

Today's Range: $46.31
▼
$47.03
50-Day Range: $44.10
▼
$49.58
52-Week Range: $39.64
▼
$51.65

Volume: 421,128 shs
Average Volume: 570,619 shs
Market Capitalization: $4.21 billion

P/E Ratio: 6.43
Dividend Yield: 2.66%
Price Target: $45.50

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Avnet MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.50 Rating Score
Upside/Downside: 1.9% Downside
$45.50 Price Target
Short Interest: Bearish
3.53% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.12
Upright™ Environmental Score
News Sentiment: 0.44
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 16.00%
From $5.25 to $6.09 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.09 out of 5 stars

Computer And Technology Sector

170th out of 586 stocks

Electronic Parts & Equipment, Not Elsewhere Classified Industry

2nd out of 6 stocks

0.8

Analyst's Opinion

Consensus Rating
Avnet has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 2 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Avnet has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.53% of the float of Avnet has been sold short.
Short Interest Ratio / Days to Cover
Avnet has a short interest ratio ("days to cover") of 5.3.
Change versus previous month
Short interest in Avnet has recently increased by 7.12%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Avnet pays a meaningful dividend of 2.63%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Avnet has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Avnet is 17.13%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Avnet will have a dividend payout ratio of 20.36% next year. This indicates that Avnet will be able to sustain or increase its dividend.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Avnet has received a 14.97% net impact score from Upright. Avnet seems to create the most significant positive value in categories "Taxes", "Jobs", and "Creating knowledge". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "IoT software", "Wholesale of weather measurement equipment", and "GPS software" products. See details.
Environmental Sustainability
The Environmental Impact score for Avnet is -1.12.

2.5

News and Social Media Coverage

News Sentiment
Avnet has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Avnet this week, compared to 4 articles on an average week.
Search Interest
1 people have searched for AVT on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Avnet insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.30% of the stock of Avnet is held by insiders.
Percentage Held by Institutions
95.78% of the stock of Avnet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

5.0

Earnings and Valuation

Earnings Growth
Earnings for Avnet are expected to grow by 16.00% in the coming year, from $5.25 to $6.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Avnet is 6.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Avnet is 6.41, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 236.39.
Price to Earnings Growth Ratio
Avnet has a PEG Ratio of 0.62. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Avnet has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Avnet Stock (NASDAQ:AVT)

Avnet, Inc., distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers. It also offers design chain support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical education and training; and supply chain solutions that provide support and logistical services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, this segment provides embedded solutions, such as technical design, integration, and assembly of embedded products, systems, and solutions primarily for industrial applications, as well as embedded display solutions comprising touch and passive displays; and develops and manufactures standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. This segment serves various markets, such as automotive, medical, defense, aerospace, telecommunications, industrial, and digital editing. The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. It has operations in the Americas, Europe, the Middle East, Africa, and Asia. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

AVT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AVT Stock News Headlines

April 18, 2024 | businesswire.com

Panasas Signs Worldwide Manufacturing and Fulfillment Partnership with Avnet

April 17, 2024 | finance.yahoo.com

Avnet to Report Third Quarter Fiscal Year 2024 Earnings on May 1

April 18, 2024 | Darwin (Ad)

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April 17, 2024 | businesswire.com

Avnet to Report Third Quarter Fiscal Year 2024 Earnings on May 1

April 16, 2024 | americanbankingnews.com

Avnet, Inc. (NASDAQ:AVT) Sees Significant Increase in Short Interest

March 31, 2024 | finance.yahoo.com

Is Now An Opportune Moment To Examine Avnet, Inc. (NASDAQ:AVT)?

March 21, 2024 | ca.finance.yahoo.com

AVT Aug 2024 42.000 call

March 14, 2024 | finance.yahoo.com

Is Avnet, Inc.'s (NASDAQ:AVT) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

April 18, 2024 | Darwin (Ad)

Explore the Future: Unlock the Top 3 AI Stocks for 2024 Report

March 3, 2024 | nasdaq.com

Ex-Dividend Reminder: Pjt Partners, NVIDIA and Avnet

February 23, 2024 | benzinga.com

Avnet Stock (NASDAQ:AVT), Analyst Ratings, Price Targets, Predictions

February 20, 2024 | finance.yahoo.com

Avnet to Participate in the Raymond James Institutional Investors Conference on March 4

February 20, 2024 | businesswire.com

Avnet to Participate in the Raymond James Institutional Investors Conference on March 4

February 16, 2024 | finance.yahoo.com

Avnet Declares Regular Quarterly Dividend

February 16, 2024 | businesswire.com

Avnet Declares Regular Quarterly Dividend

February 15, 2024 | finance.yahoo.com

Is Avnet’s (AVT) KPI Favorable?

February 10, 2024 | finance.yahoo.com

Richard Pzena Increases Stake in Avnet Inc

February 6, 2024 | sg.news.yahoo.com

India's HDFC Bank accepts bids worth $750 million for dollar bond issuances - bankers

February 6, 2024 | finance.yahoo.com

Avnet Second Quarter 2024 Earnings: EPS Beats Expectations

February 6, 2024 | seekingalpha.com

Avnet: Struggles Persist And Valuation Reflects That

February 5, 2024 | uk.finance.yahoo.com

China Widens Stock Trading Curbs on Quants, Some Offshore Units

February 5, 2024 | msn.com

New Strong Sell Stocks for February 5th

February 4, 2024 | uk.finance.yahoo.com

Banks Spoil Private Credit’s Record Ardonagh Deal With $2 Billion Bond

February 4, 2024 | uk.finance.yahoo.com

Dollar scales fresh peaks as Fed cut bets recede

February 4, 2024 | realmoney.thestreet.com

Avnet price target lowered by $5 at BofA, here's why

February 3, 2024 | markets.businessinsider.com

Maintaining Neutral on Avnet Amid Market Challenges and Inventory Corrections

February 3, 2024 | finance.yahoo.com

Avnet, Inc. (NASDAQ:AVT) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates

See More Headlines

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Company Calendar

Last Earnings: 1/31/2024
Ex-Dividend for 3/20 Dividend: 3/05/2024
Dividend Payable: 3/20/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Electronic parts & equipment, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:AVT
CUSIP: N/A
CIK: 8858
Web: www.avnet.com
Phone: (480) 643-2000
Fax: 480-643-7370
Employees: 15,800
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $45.50
High Stock Price Target: $50.00
Low Stock Price Target: $40.00
Potential Upside/Downside: -2.3%
Consensus Rating: Reduce
Rating Score (0-4): 1.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.24
Trailing P/E Ratio: 6.44
Forward P/E Ratio: 8.87
P/E Growth: 0.62
Net Income: $770.83 million
Net Margins: 2.62%
Pretax Margin: 3.37%
Return on Equity: 13.60%
Return on Assets: 5.20%

Debt

Debt-to-Equity Ratio: 0.55
Current Ratio: 2.34
Quick Ratio: 1.05

Sales & Book Value

Annual Sales: $26.54 billion
Price / Sales: 0.16
Cash Flow: $9.69 per share
Price / Cash Flow: 4.81
Book Value: $51.99 per share
Price / Book: 0.90

Miscellaneous

Outstanding Shares: 90,360,000
Free Float: 89,189,000
Market Cap: $4.21 billion
Optionable: Optionable
Beta: 1.24

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Key Executives

Mr. Philip R. Gallagher (Age 63)
CEO, Member of Executive Board & Director
Comp: $3.61M
Mr. Kenneth A. Jacobson (Age 46)
Chief Financial Officer
Comp: $1.13M
Mr. Michael Ryan McCoy (Age 48)
Senior VP, General Counsel, Chief Legal Officer & Member of Executive Board
Comp: $1.32M
Mr. Ken E. Arnold (Age 60)
Senior VP, Chief People Officer & Member of Executive Board
Comp: $1.1M
Ms. Rebeca Obregon-Jimenez (Age 54)
Senior VP of Strategic Business Engagements & Supplier Management
Comp: $1.2M
Ms. Elizabeth A. McMullen (Age 64)
Senior Vice President of Global Operations
Mr. Leng-Jin Chan (Age 52)
Senior VP & Chief Information Officer
Comp: $847.92k
Mr. Joseph Burke
Vice President of Treasury & Investor Relations
Heather Vana
Senior Director of Communications
Mr. Ger Purcell
Senior Vice President of Information Technology

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AVT Stock Analysis - Frequently Asked Questions

Should I buy or sell Avnet stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" AVT shares.
View AVT analyst ratings or view top-rated stocks.
What is Avnet's stock price target for 2024?: 4 brokerages have issued 12-month target prices for Avnet's stock. Their AVT share price targets range from $40.00 to $50.00. On average, they predict the company's share price to reach $45.50 in the next twelve months. This suggests that the stock has a possible downside of 1.9%.
View analysts price targets for AVT or view top-rated stocks among Wall Street analysts.
How have AVT shares performed in 2024?: Avnet's stock was trading at $50.40 on January 1st, 2024. Since then, AVT shares have decreased by 8.0% and is now trading at $46.38.
View the best growth stocks for 2024 here.
Are investors shorting Avnet?: Avnet saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,160,000 shares, an increase of 7.1% from the March 15th total of 2,950,000 shares. Based on an average daily volume of 592,800 shares, the days-to-cover ratio is currently 5.3 days. Approximately 3.5% of the company's stock are short sold.
View Avnet's Short Interest.
When is Avnet's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our AVT earnings forecast.
How were Avnet's earnings last quarter?: Avnet, Inc. (NASDAQ:AVT) released its earnings results on Wednesday, January, 31st. The company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.01. The firm had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.15 billion. Avnet had a net margin of 2.62% and a trailing twelve-month return on equity of 13.60%. During the same quarter in the previous year, the firm earned $2.00 earnings per share.

How often does Avnet pay dividends? What is the dividend yield for Avnet?: Avnet declared a quarterly dividend on Thursday, February 15th. Stockholders of record on Wednesday, March 6th will be given a dividend of $0.31 per share on Wednesday, March 20th. This represents a $1.24 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, March 5th.
Read our dividend analysis for AVT.
Is Avnet a good dividend stock?: Avnet (NASDAQ:AVT) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.63%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVT will have a dividend payout ratio of 20.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVT.
What ETFs hold Avnet's stock?: ETFs with the largest weight of Avnet (NASDAQ:AVT) stock in their portfolio include ProShares S&P Technology Dividend Aristocrats ETF (TDV), Invesco S&P MidCap 400 Pure Value ETF (RFV), Invesco S&P MidCap Value with Momentum ETF (XMVM), QRAFT AI-Enhanced U.S. Next Value ETF (NVQ), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), First Trust Technology AlphaDEX Fund (FXL), Invesco S&P MidCap 400 Revenue ETF (RWK) and ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM).
What guidance has Avnet issued on next quarter's earnings?: Avnet issued an update on its third quarter 2024 earnings guidance on Wednesday, January, 31st. The company provided earnings per share guidance of 1.050-1.150 for the period, compared to the consensus estimate of 1.340. The company issued revenue guidance of $5.6 billion-$5.9 billion, compared to the consensus revenue estimate of $5.9 billion.
Who are Avnet's major shareholders?: Avnet's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include ARGA Investment Management LP (0.36%), Alaska Permanent Fund Corp (0.06%), First Hawaiian Bank (0.04%), New England Research & Management Inc. (0.01%), Atlas Capital Advisors LLC (0.01%) and Park Avenue Securities LLC (0.01%). Insiders that own company stock include Elizabeth Mcmullen, James A Lawrence, James A Lawrence, Ken E Arnold, Kenneth A Jacobson, Kenneth A Jacobson, Leng Jin Chan, Philip R Gallagher, Philip R Gallagher, Thomas Liguori and William H Schumann.
View institutional ownership trends.
How do I buy shares of Avnet?: Shares of AVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:AVT) was last updated on 4/18/2024 by MarketBeat.com Staff

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