State of Alaska Department of Revenue Grows Stock Position in Avnet, Inc. $AVT

State of Alaska Department of Revenue boosted its position in Avnet, Inc. (NASDAQ:AVT) by 32.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,401 shares of the company’s stock after buying an additional 18,455 shares during the period. State of Alaska Department of Revenue owned approximately 0.09% of Avnet worth $3,941,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AVT. Royal Bank of Canada boosted its holdings in shares of Avnet by 3.0% in the first quarter. Royal Bank of Canada now owns 71,697 shares of the company’s stock valued at $3,447,000 after acquiring an additional 2,101 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Avnet by 16.0% during the first quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company’s stock worth $11,148,000 after purchasing an additional 31,919 shares in the last quarter. United Services Automobile Association acquired a new stake in Avnet in the first quarter valued at about $267,000. Empowered Funds LLC boosted its holdings in Avnet by 9.3% in the 1st quarter. Empowered Funds LLC now owns 8,142 shares of the company’s stock valued at $392,000 after purchasing an additional 696 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Avnet by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,757 shares of the company’s stock worth $17,012,000 after purchasing an additional 16,443 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Avnet Stock Performance

Shares of AVT stock opened at $49.85 on Monday. The stock has a fifty day moving average price of $48.16 and a 200 day moving average price of $51.40. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.12 and a current ratio of 2.36. The stock has a market cap of $4.05 billion, a PE ratio of 18.60, a P/E/G ratio of 0.39 and a beta of 0.92. Avnet, Inc. has a 1 year low of $39.22 and a 1 year high of $57.24.

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

Avnet Dividend Announcement

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

Analyst Ratings Changes

AVT has been the subject of several recent analyst reports. Truist Financial raised their price target on Avnet from $54.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, October 30th. Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Avnet in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $49.33.

About Avnet

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.