Elo Mutual Pension Insurance Co Makes New $665,000 Investment in Avnet, Inc. $AVT

Elo Mutual Pension Insurance Co purchased a new stake in Avnet, Inc. (NASDAQ:AVT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,715 shares of the company’s stock, valued at approximately $665,000.

Other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in Avnet during the 3rd quarter worth approximately $616,000. Seizert Capital Partners LLC bought a new position in Avnet in the second quarter worth approximately $1,729,000. Legal & General Group Plc grew its stake in Avnet by 6.2% in the second quarter. Legal & General Group Plc now owns 228,866 shares of the company’s stock valued at $12,148,000 after acquiring an additional 13,422 shares during the period. Candriam S.C.A. acquired a new stake in Avnet in the third quarter valued at approximately $2,064,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Avnet by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 1,101,103 shares of the company’s stock valued at $58,447,000 after acquiring an additional 36,549 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Avnet Price Performance

Shares of NASDAQ:AVT opened at $60.05 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The stock has a market cap of $4.92 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 0.46 and a beta of 0.91. The stock’s fifty day simple moving average is $58.26 and its two-hundred day simple moving average is $53.23. Avnet, Inc. has a 1-year low of $39.22 and a 1-year high of $68.29.

Avnet (NASDAQ:AVT) last posted its earnings results on Wednesday, January 28th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.10. The firm 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%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 EPS. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, analysts forecast that Avnet, Inc. will post 3.41 EPS for the current fiscal year.

Avnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, March 4th. Avnet’s dividend payout ratio is presently 57.38%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AVT. Weiss Ratings raised Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Truist Financial lifted their price target on shares of Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. Wall Street Zen upgraded shares of Avnet from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Wells Fargo & Company upped their price objective on shares of Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a report on Thursday, January 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Avnet has an average rating of “Reduce” and a consensus price target of $54.33.

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.