Avnet, Inc. (NASDAQ:AVT) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Avnet, Inc. (NASDAQ:AVT) have been assigned an average rating of “Reduce” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $54.3333.

A number of analysts have issued reports on the company. Wells Fargo & Company raised their target price on Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research note on Thursday. Truist Financial raised their price objective on shares of Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday. Zacks Research upgraded shares of Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Avnet from a “hold” rating to a “buy” rating in a research report on Saturday.

Avnet Stock Performance

NASDAQ:AVT opened at $62.39 on Friday. The company has a market cap of $5.07 billion, a P/E ratio of 25.57, a P/E/G ratio of 0.49 and a beta of 0.92. Avnet has a twelve month low of $39.22 and a twelve month high of $63.10. The company’s 50-day moving average price is $50.08 and its 200-day moving average price is $51.22. The company has a current ratio of 2.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50.

Avnet (NASDAQ:AVT) last released its quarterly earnings data on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. Avnet had a net margin of 0.90% and a return on equity of 6.08%. The company had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. Avnet’s quarterly revenue was up 11.6% on a year-over-year basis. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. On average, sell-side analysts forecast that Avnet 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. Stockholders of record on Wednesday, December 3rd were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, December 3rd. Avnet’s dividend payout ratio is 57.38%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in shares of Avnet by 3.0% during the 1st quarter. Royal Bank of Canada now owns 71,697 shares of the company’s stock worth $3,447,000 after purchasing an additional 2,101 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Avnet by 16.0% in the first quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company’s stock valued at $11,148,000 after acquiring an additional 31,919 shares in the last quarter. United Services Automobile Association acquired a new stake in Avnet in the 1st quarter valued at about $267,000. Empowered Funds LLC raised its holdings in Avnet by 9.3% in the first quarter. Empowered Funds LLC now owns 8,142 shares of the company’s stock valued at $392,000 after acquiring 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 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 during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.