Corient Private Wealth LLC Acquires 33,382 Shares of Avnet, Inc. $AVT

Corient Private Wealth LLC raised its stake in Avnet, Inc. (NASDAQ:AVT) by 63.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 85,799 shares of the company’s stock after buying an additional 33,382 shares during the quarter. Corient Private Wealth LLC owned about 0.10% of Avnet worth $4,554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its position 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 worth $28,000 after purchasing an additional 276 shares in the last quarter. Traub Capital Management LLC bought a new stake in shares of Avnet during the 2nd quarter worth about $50,000. SVB Wealth LLC acquired a new position in shares of Avnet in the first quarter valued at approximately $54,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Avnet during the 2nd quarter worth $59,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Avnet by 83.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,914 shares of the company’s stock valued at $102,000 after purchasing an additional 873 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AVT. Truist Financial raised their price target on Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Zacks Research upgraded Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $49.33.

Avnet Stock Up 2.4%

Shares of NASDAQ AVT opened at $49.76 on Friday. The stock has a market capitalization of $4.05 billion, a P/E ratio of 18.57, a P/E/G ratio of 0.39 and a beta of 0.95. Avnet, Inc. has a 1 year low of $39.22 and a 1 year high of $57.24. The company has a 50-day moving average price of $48.76 and a 200-day moving average price of $51.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.36 and a quick ratio of 1.12.

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

Avnet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Wednesday, December 3rd. Avnet’s payout ratio is presently 52.24%.

Avnet Company Profile

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.