Dynamic Technology Lab Private Ltd Invests $528,000 in Avnet, Inc. $AVT

Dynamic Technology Lab Private Ltd purchased a new position in Avnet, Inc. (NASDAQ:AVT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,109 shares of the company’s stock, valued at approximately $528,000.

Several other institutional investors have also bought and sold shares of AVT. Hantz Financial Services Inc. lifted its position in shares of Avnet by 132.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $27,000 after buying an additional 300 shares during the last quarter. MAI Capital Management increased its holdings in Avnet by 53.7% in the 3rd quarter. MAI Capital Management now owns 673 shares of the company’s stock worth $35,000 after acquiring an additional 235 shares during the last quarter. Quent Capital LLC purchased a new stake in Avnet in the 3rd quarter worth about $38,000. Winnow Wealth LLC bought a new stake in Avnet in the 3rd quarter valued at about $39,000. Finally, SJS Investment Consulting Inc. raised its stake in Avnet by 7,176.9% in the 3rd quarter. SJS Investment Consulting Inc. now owns 946 shares of the company’s stock valued at $49,000 after acquiring an additional 933 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Avnet Price Performance

NASDAQ:AVT opened at $60.66 on Wednesday. Avnet, Inc. has a 12 month low of $39.22 and a 12 month high of $68.29. 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 business’s 50-day moving average is $58.75 and its 200 day moving average is $53.33. The company has a market capitalization of $4.97 billion, a P/E ratio of 24.86, a P/E/G ratio of 0.46 and a beta of 0.91.

Avnet (NASDAQ:AVT) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $1.05 earnings per share for the quarter, beating 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 firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 earnings per share. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. On average, equities research analysts forecast that Avnet, Inc. will post 3.41 earnings per share for the current fiscal year.

Avnet Announces Dividend

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 issued a $0.35 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. Avnet’s dividend payout ratio (DPR) is presently 57.38%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research note on Thursday, January 29th. 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 report on Thursday, January 29th. Weiss Ratings raised shares of Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 4th. Finally, Wall Street Zen upgraded Avnet from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $54.33.

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.