ARGA Investment Management LP Boosts Stock Holdings in Avnet, Inc. $AVT

ARGA Investment Management LP grew its holdings in shares of Avnet, Inc. (NASDAQ:AVT) by 407.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,407 shares of the company’s stock after purchasing an additional 35,650 shares during the period. ARGA Investment Management LP owned approximately 0.05% of Avnet worth $2,322,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Seizert Capital Partners LLC bought a new position in Avnet in the 2nd quarter valued at about $1,729,000. Arkadios Wealth Advisors bought a new position in shares of Avnet in the second quarter valued at $363,000. Bank of New York Mellon Corp boosted its position in shares of Avnet by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,101,103 shares of the company’s stock valued at $58,447,000 after purchasing an additional 36,549 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Avnet by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 470,565 shares of the company’s stock worth $24,978,000 after buying an additional 28,467 shares during the period. Finally, Legal & General Group Plc grew its position in Avnet by 6.2% during the 2nd quarter. Legal & General Group Plc now owns 228,866 shares of the company’s stock worth $12,148,000 after purchasing an additional 13,422 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AVT. Weiss Ratings reissued a “hold (c+)” rating on shares of Avnet in a research note on Wednesday, October 8th. Truist Financial increased 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. Finally, Zacks Research upgraded shares of Avnet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Avnet has an average rating of “Reduce” and an average target price of $49.33.

Avnet Stock Performance

AVT stock opened at $50.83 on Friday. Avnet, Inc. has a twelve month low of $39.22 and a twelve month high of $57.24. The company has a quick ratio of 1.12, a current ratio of 2.36 and a debt-to-equity ratio of 0.58. The company has a market cap of $4.13 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 0.40 and a beta of 0.92. The business’s fifty day moving average is $48.81 and its 200-day moving average is $51.16.

Avnet (NASDAQ:AVT) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.84 earnings per share 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 company had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same period last year, the firm posted $0.92 earnings per share. The business’s quarterly 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. Equities research analysts forecast that Avnet, Inc. will post 3.41 EPS for the current year.

Avnet Announces Dividend

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

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.