CW Advisors LLC Buys 43,625 Shares of Avnet, Inc. $AVT

CW Advisors LLC boosted its stake in Avnet, Inc. (NASDAQ:AVT) by 91.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,281 shares of the company’s stock after buying an additional 43,625 shares during the quarter. CW Advisors LLC owned approximately 0.11% of Avnet worth $4,845,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Avnet by 109.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 276 shares during the last quarter. Traub Capital Management LLC bought a new stake in Avnet in the 2nd quarter worth about $50,000. SVB Wealth LLC bought a new stake in Avnet in the 1st quarter worth about $54,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Avnet in the 2nd quarter valued at about $59,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Avnet by 877.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,310 shares of the company’s stock worth $63,000 after buying an additional 1,176 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Truist Financial increased their price target on Avnet from $54.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Bank of America lifted their target price on Avnet from $48.00 to $50.00 and gave the stock an “underperform” rating in a research note on Monday, August 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $49.33.

Avnet Stock Up 1.1%

Shares of NASDAQ AVT opened at $49.67 on Friday. Avnet, Inc. has a one year low of $39.22 and a one year high of $57.24. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.36 and a quick ratio of 1.12. The business’s fifty day moving average price is $49.18 and its 200-day moving average price is $51.68. The stock has a market capitalization of $4.04 billion, a PE ratio of 18.53, a P/E/G ratio of 0.39 and a beta of 0.95.

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

Avnet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, December 3rd. Avnet’s dividend payout ratio is presently 52.24%.

Avnet 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.