NASDAQ:AVT

Avnet (AVT) Stock Price, News & Analysis

$47.95
+0.57 (+1.20%)
(As of 09:58 AM ET)
Today's Range
$46.75
$47.98
50-Day Range
$44.10
$49.58
52-Week Range
$39.64
$51.65
Volume
13,519 shs
Average Volume
560,271 shs
Market Capitalization
$4.33 billion
P/E Ratio
6.62
Dividend Yield
2.59%
Price Target
$45.50

Avnet MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
4.0% 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
0.67mentions of Avnet in the last 14 days
Based on 7 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.

4.24 out of 5 stars

Computer And Technology Sector

139th out of 591 stocks

Electronic Parts & Equipment, Not Elsewhere Classified Industry

2nd out of 6 stocks

AVT stock logo

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

AVT Stock News Headlines

The Best AI Stock to Own in the World Today is Trading for Just $25
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
AVT Aug 2024 42.000 call
The Best AI Stock to Own in the World Today is Trading for Just $25
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Avnet Declares Regular Quarterly Dividend
Avnet Declares Regular Quarterly Dividend
Is Avnet’s (AVT) KPI Favorable?
Richard Pzena Increases Stake in Avnet Inc
Avnet: Struggles Persist And Valuation Reflects That
New Strong Sell Stocks for February 5th
Dollar scales fresh peaks as Fed cut bets recede
Avnet price target lowered by $5 at BofA, here's why
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
4/23/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Electronic parts & equipment, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:AVT
CIK
8858
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
-4.0%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
4 Analysts

Profitability

Net Income
$770.83 million
Pretax Margin
3.37%

Debt

Sales & Book Value

Annual Sales
$26.54 billion
Cash Flow
$9.95 per share
Book Value
$51.99 per share

Miscellaneous

Free Float
89,189,000
Market Cap
$4.28 billion
Optionable
Optionable
Beta
1.24
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AVT Stock Analysis - Frequently Asked Questions

Should I buy or sell Avnet stock right now?

4 Wall Street equities research 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 equities research 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 1-year target prices for Avnet's shares. Their AVT share price targets range from $40.00 to $50.00. On average, they expect the company's stock price to reach $45.50 in the next twelve months. This suggests that the stock has a possible downside of 4.0%.
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 at the beginning of the year. Since then, AVT stock has decreased by 6.0% and is now trading at $47.38.
View the best growth stocks for 2024 here
.

Are investors shorting Avnet?

Avnet saw a increase in short interest during 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 trading volume of 592,800 shares, the days-to-cover ratio is currently 5.3 days. Currently, 3.5% of the shares of the company are sold short.
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 can I listen to Avnet's earnings call?

Avnet will be holding an earnings conference call on Wednesday, May 1st at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745576".

How were Avnet's earnings last quarter?

Avnet, Inc. (NASDAQ:AVT) issued its quarterly earnings data on Wednesday, January, 31st. The company reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.01. The firm earned $6.20 billion during the quarter, compared to the consensus estimate of $6.15 billion. Avnet had a trailing twelve-month return on equity of 13.60% and a net margin of 2.62%. During the same quarter in the prior year, the firm posted $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 paid a dividend of $0.31 per share on Wednesday, March 20th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date 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 2.66%. 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 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 EPS guidance of 1.050-1.150 for the period, compared to the consensus EPS 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 number of retail and institutional investors. Top institutional shareholders include Raymond James & Associates (0.45%), ARGA Investment Management LP (0.36%), Allspring Global Investments Holdings LLC (0.07%), Raymond James Financial Services Advisors Inc. (0.07%), Alaska Permanent Fund Corp (0.06%) and First Hawaiian Bank (0.04%). 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 4/23/2024 by MarketBeat.com Staff

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