American Century Companies Inc. Grows Position in Avnet, Inc. $AVT

American Century Companies Inc. raised its holdings in Avnet, Inc. (NASDAQ:AVT) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,751,726 shares of the company’s stock after acquiring an additional 124,466 shares during the quarter. American Century Companies Inc. owned approximately 4.61% of Avnet worth $196,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AVT. GAMMA Investing LLC raised its position in Avnet by 6.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,984 shares of the company’s stock valued at $156,000 after purchasing an additional 192 shares in the last quarter. MAI Capital Management increased its stake in shares of Avnet by 53.7% during the third quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $35,000 after buying an additional 235 shares during the period. Ballentine Partners LLC lifted its stake in Avnet by 3.5% in the third quarter. Ballentine Partners LLC now owns 7,324 shares of the company’s stock worth $383,000 after acquiring an additional 249 shares during the period. Ethic Inc. lifted its stake in Avnet by 1.3% in the third quarter. Ethic Inc. now owns 21,395 shares of the company’s stock worth $1,119,000 after acquiring an additional 271 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in Avnet by 1.0% during the 2nd quarter. Lazard Asset Management LLC now owns 28,877 shares of the company’s stock worth $1,532,000 after acquiring an additional 279 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on AVT shares. Truist Financial boosted their price target on shares of Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, January 29th. Weiss Ratings downgraded shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Wall Street Zen upgraded Avnet from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Wells Fargo & Company increased their target price on Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $54.33.

Avnet Price Performance

Shares of NASDAQ AVT opened at $65.84 on Friday. Avnet, Inc. has a 52 week low of $39.22 and a 52 week high of $68.29. The business’s 50 day moving average price is $56.89 and its 200 day moving average price is $52.91. The company has a quick ratio of 1.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. The firm has a market cap of $5.39 billion, a P/E ratio of 26.98, a P/E/G ratio of 0.49 and a beta of 0.93.

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

Avnet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. Avnet’s payout ratio is currently 57.38%.

Avnet 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.