Allianz Asset Management GmbH Decreases Stake in Avnet, Inc. $AVT

Allianz Asset Management GmbH lowered its stake in Avnet, Inc. (NASDAQ:AVT) by 12.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 593,999 shares of the company’s stock after selling 81,518 shares during the quarter. Allianz Asset Management GmbH owned 0.71% of Avnet worth $31,054,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AVT. Quent Capital LLC purchased a new stake in Avnet during the 3rd quarter valued at $38,000. Winnow Wealth LLC bought a new position in shares of Avnet during the third quarter valued at about $39,000. SJS Investment Consulting Inc. boosted its holdings in shares of Avnet by 7,176.9% during the third quarter. SJS Investment Consulting Inc. now owns 946 shares of the company’s stock worth $49,000 after purchasing an additional 933 shares during the period. Traub Capital Management LLC bought a new stake in shares of Avnet in the second quarter worth about $50,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Avnet during the 2nd quarter valued at about $59,000. Institutional investors own 95.78% of the company’s stock.

Avnet Price Performance

AVT opened at $64.29 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 company has a market cap of $5.26 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93. The stock has a fifty day simple moving average of $51.41 and a two-hundred day simple moving average of $51.46. Avnet, Inc. has a 12-month low of $39.22 and a 12-month high of $64.79.

Avnet (NASDAQ:AVT) last released 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 the consensus estimate of $6.03 billion. During the same period in the prior year, the firm earned $0.87 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. Research analysts predict that Avnet, Inc. will post 3.41 earnings per share for the current fiscal year.

Avnet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were paid a $0.35 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. Avnet’s dividend payout ratio is presently 57.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Truist Financial raised their price target on Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Wells Fargo & Company boosted their price objective on shares of Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a research report on Thursday, January 29th. Weiss Ratings upgraded shares of Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, January 30th. Finally, Wall Street Zen raised shares of Avnet from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. 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 company. According to MarketBeat, Avnet has an average rating of “Reduce” and an average price target 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.