Cwm LLC Increases Stock Holdings in Avnet, Inc. $AVT

Cwm LLC raised its holdings in Avnet, Inc. (NASDAQ:AVT) by 149.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,907 shares of the company’s stock after buying an additional 1,743 shares during the quarter. Cwm LLC’s holdings in Avnet were worth $154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVT. American Century Companies Inc. grew its holdings in Avnet by 10.8% in the first quarter. American Century Companies Inc. now owns 3,880,865 shares of the company’s stock valued at $186,631,000 after purchasing an additional 378,440 shares during the period. Woodline Partners LP grew its stake in shares of Avnet by 44.9% during the 1st quarter. Woodline Partners LP now owns 1,055,356 shares of the company’s stock valued at $50,752,000 after buying an additional 327,195 shares during the period. Nuveen LLC purchased a new stake in shares of Avnet during the 1st quarter valued at $9,703,000. Gotham Asset Management LLC grew its stake in shares of Avnet by 96.1% during the 1st quarter. Gotham Asset Management LLC now owns 369,807 shares of the company’s stock valued at $17,784,000 after buying an additional 181,246 shares during the period. Finally, Voya Investment Management LLC grew its position in Avnet by 329.1% during the first quarter. Voya Investment Management LLC now owns 233,645 shares of the company’s stock valued at $11,236,000 after acquiring an additional 179,197 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AVT. Truist Financial boosted their price target on Avnet from $54.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Zacks Research upgraded shares of Avnet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Bank of America boosted their price objective on shares of Avnet from $48.00 to $50.00 and gave the stock an “underperform” rating in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Avnet currently has a consensus rating of “Reduce” and an average target price of $49.33.

Avnet Stock Performance

Shares of AVT stock opened at $48.22 on Friday. Avnet, Inc. has a 12 month low of $39.22 and a 12 month high of $57.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.36 and a quick ratio of 1.16. The firm has a market capitalization of $4.01 billion, a P/E ratio of 17.99, a P/E/G ratio of 0.36 and a beta of 1.06. The company’s fifty day moving average price is $52.54 and its two-hundred day moving average price is $52.14.

Avnet (NASDAQ:AVT) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Avnet had a net margin of 1.04% and a return on equity of 5.91%. The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS. On average, research analysts anticipate that Avnet, Inc. will post 3.41 earnings per share for the current fiscal year.

Avnet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 17th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. This is a positive change from Avnet’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, September 17th. Avnet’s payout ratio is presently 51.28%.

Avnet Company Profile

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.