Zacks Research upgraded shares of Avnet (NASDAQ:AVT – Free Report) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.
AVT has been the subject of a number of other research reports. Wall Street Zen upgraded Avnet from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Truist Financial upgraded Avnet from a “hold” rating to a “buy” rating and lifted their price target for the company from $65.00 to $80.00 in a research report on Monday. Wells Fargo & Company lifted their price target on Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings downgraded Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $59.33.
View Our Latest Stock Analysis on Avnet
Avnet Price Performance
Avnet (NASDAQ:AVT – Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. The firm had revenue of $6.32 billion during 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 company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, equities analysts anticipate that Avnet will post 3.41 EPS for the current fiscal year.
Avnet Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.40 annualized dividend and a yield of 1.9%. Avnet’s payout ratio is 57.38%.
Institutional Investors Weigh In On Avnet
Hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its stake in Avnet by 132.7% during the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock worth $27,000 after purchasing an additional 300 shares during the last quarter. Summit Securities Group LLC bought a new position in Avnet during the 4th quarter valued at approximately $28,000. BOKF NA raised its position in Avnet by 1,116.7% during the 3rd quarter. BOKF NA now owns 584 shares of the company’s stock valued at $31,000 after purchasing an additional 536 shares during the last quarter. MAI Capital Management raised its position in Avnet by 53.7% during the 3rd quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $35,000 after purchasing an additional 235 shares during the last quarter. Finally, Allworth Financial LP raised its position in Avnet by 199.1% during the 3rd quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $37,000 after purchasing an additional 466 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.
Key Stories Impacting Avnet
Here are the key news stories impacting Avnet this week:
- Positive Sentiment: Zacks and other outlets flag Avnet as a momentum name and include it among stocks with upside from 52-week highs — supporting further buying interest. 4 Stocks Trading Near 52-Week Highs With Room to Rise Further
- Positive Sentiment: Zacks upgraded Avnet from “hold” to “strong-buy,” a direct positive analyst action likely boosting demand. Zacks.com
- Positive Sentiment: Truist Financial raised its rating on AVT, and coverage notes link the upgrade to the stock’s new highs — further credibility for recent gains. Avnet (NASDAQ:AVT) Stock Rating Upgraded by Truist Financial
- Positive Sentiment: Press reports highlight AVT hitting fresh 52-week highs after upgrades, reinforcing momentum-driven flows. Avnet (NASDAQ:AVT) Hits New 52-Week High After Analyst Upgrade
- Neutral Sentiment: Avnet will report Q3 FY2026 earnings on April 29 — a near-term event that could widen intraday moves depending on guidance and results. Avnet to Report Third Quarter Fiscal Year 2026 Earnings on April 29
- Neutral Sentiment: Analyses comparing AVT to peers note the stock has outperformed parts of the tech/distribution group this year — useful context but not an immediate catalyst. Is Avnet (AVT) Stock Outpacing Its Computer and Technology Peers This Year?
- Negative Sentiment: Some analyst aggregation shows an average rating of “Reduce,” highlighting that not all sell-side views are bullish — this is a counterweight that could limit upside if revisions persist. Avnet, Inc. (NASDAQ:AVT) Receives Average Rating of “Reduce” from Analysts
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.
Featured Stories
Receive News & Ratings for Avnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avnet and related companies with MarketBeat.com's FREE daily email newsletter.
