Truist Financial Issues Positive Forecast for Avnet (NASDAQ:AVT) Stock Price

Avnet (NASDAQ:AVT) had its price objective hoisted by Truist Financial from $55.00 to $65.00 in a report released on Thursday morning, Marketbeat.com reports. The firm currently has a hold rating on the stock.

A number of other research analysts have also recently weighed in on AVT. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Avnet in a research report on Wednesday, October 8th. Wells Fargo & Company raised their target price on shares of Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Zacks Research raised shares of Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $54.33.

Avnet Price Performance

Shares of Avnet stock opened at $62.74 on Thursday. The business’s fifty day moving average price is $49.75 and its 200 day moving average price is $51.17. Avnet has a twelve month low of $39.22 and a twelve month high of $62.89. The company has a current ratio of 2.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $5.10 billion, a P/E ratio of 25.71, a PEG ratio of 0.47 and a beta of 0.92.

Avnet (NASDAQ:AVT) last released its quarterly earnings data on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. The company had revenue of $6.32 billion for the quarter, compared to the consensus estimate of $6.03 billion. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $0.87 EPS. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, research analysts anticipate that Avnet will post 3.41 earnings per share for the current year.

Avnet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, December 3rd. Avnet’s payout ratio is presently 52.24%.

Institutional Investors Weigh In On Avnet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Avnet by 3.0% in the 1st quarter. Royal Bank of Canada now owns 71,697 shares of the company’s stock worth $3,447,000 after buying an additional 2,101 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Avnet by 16.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company’s stock valued at $11,148,000 after purchasing an additional 31,919 shares in the last quarter. United Services Automobile Association acquired a new stake in Avnet during the 1st quarter valued at approximately $267,000. Empowered Funds LLC increased its holdings in Avnet by 9.3% during the 1st quarter. Empowered Funds LLC now owns 8,142 shares of the company’s stock worth $392,000 after purchasing an additional 696 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Avnet by 4.9% in 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 valued at $17,012,000 after purchasing an additional 16,443 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Key Stories Impacting Avnet

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Q2 beat and stronger guidance — Avnet beat both EPS and revenue estimates and issued Q3 guidance above consensus, which is the primary catalyst for the rally. Avnet (AVT) Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Asia sales and margin outlook — Management emphasized Asia momentum (sales topping $3B) and signaled margin expansion as supply-chain dynamics improve; that structural story supports higher revenue/operating leverage expectations. AVT Q4 2025 Deep Dive: Asia Momentum, Margin Outlook, and Supply Chain Dynamics
• Positive Sentiment: Analyst support and broker interest — Truist raised its price target to $65 and multiple broker notes have flagged AVT as a buy/hold amid a steady earnings season, reinforcing investor confidence. Avnet price target raised at Truist
• Positive Sentiment: Strong market reaction and volume — Shares already rallied sharply after the print (earlier intraday moves up ~14%) and today’s elevated volume shows conviction behind the headline beat/guidance. Avnet Stock Rallies 14% as Q2 Earnings and Revenues Beat Estimates
• Neutral Sentiment: Call materials and transcripts available — Management’s full commentary (earnings call transcript and slide deck) provides detail on bookings, channels and supply chain; useful for modeling but not new news by itself. Avnet Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Short-interest data unclear — recent reporting showed anomalous/zero short-interest figures; no clear immediate bearish pressure implied. (Company filings/DTCC data should be checked for confirmation.)
• Negative Sentiment: Profitability metrics still modest — despite revenue growth and better guidance, trailing net margin (~1.0%) and ROE (~5.9%) remain low, which could limit multiple expansion unless margin improvement is sustained. Avnet earnings snapshot and metrics

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.