Avnet, Inc. (NASDAQ:AVT) Given Consensus Rating of “Reduce” by Brokerages

Avnet, Inc. (NASDAQ:AVT) has been assigned an average recommendation of “Reduce” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $59.3333.

A number of equities research analysts have weighed in on AVT shares. Wells Fargo & Company boosted their target price on shares of Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a report on Thursday, January 29th. Truist Financial raised shares of Avnet from a “hold” rating to a “buy” rating and upped their price objective for the company from $65.00 to $80.00 in a research note on Monday. Weiss Ratings lowered shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen raised shares of Avnet from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st.

Avnet Trading Down 2.1%

AVT opened at $70.22 on Thursday. Avnet has a fifty-two week low of $44.25 and a fifty-two week high of $73.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.07 and a quick ratio of 1.07. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 0.53 and a beta of 0.90. The company’s 50 day moving average price is $63.84 and its two-hundred day moving average price is $55.01.

Avnet (NASDAQ:AVT) last posted its earnings results on Wednesday, January 28th. The company reported $1.05 earnings per share for the quarter, topping 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 firm had revenue of $6.32 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same period in the previous year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, research analysts predict that Avnet will post 3.41 earnings per share for the current year.

Avnet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, March 4th. Avnet’s dividend payout ratio is currently 57.38%.

Institutional Investors Weigh In On Avnet

A number of institutional investors have recently modified their holdings of the company. Nations Financial Group Inc. IA ADV boosted its stake in shares of Avnet by 1.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,896 shares of the company’s stock valued at $671,000 after purchasing an additional 176 shares during the last quarter. World Investment Advisors boosted its stake in shares of Avnet by 2.3% in the 4th quarter. World Investment Advisors now owns 9,873 shares of the company’s stock valued at $475,000 after purchasing an additional 219 shares during the last quarter. Kera Capital Partners Inc. bought a new stake in shares of Avnet in the 4th quarter valued at $244,000. Mackenzie Financial Corp boosted its stake in shares of Avnet by 24.7% in the 4th quarter. Mackenzie Financial Corp now owns 33,651 shares of the company’s stock valued at $1,644,000 after purchasing an additional 6,656 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of Avnet by 69.5% in the 4th quarter. XTX Topco Ltd now owns 9,219 shares of the company’s stock valued at $443,000 after purchasing an additional 3,779 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

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.