Syon Capital LLC Invests $416,000 in Avnet, Inc. $AVT

Syon Capital LLC purchased a new position in Avnet, Inc. (NASDAQ:AVT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,948 shares of the company’s stock, valued at approximately $416,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its holdings in Avnet by 132.7% in the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock worth $27,000 after acquiring an additional 300 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Avnet in the 3rd quarter worth about $38,000. Winnow Wealth LLC bought a new position in Avnet in the 3rd quarter worth about $39,000. SJS Investment Consulting Inc. grew its position in Avnet by 7,176.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 946 shares of the company’s stock valued at $49,000 after purchasing an additional 933 shares during the last quarter. Finally, Traub Capital Management LLC bought a new stake in Avnet during the 2nd quarter valued at about $50,000. Institutional investors own 95.78% of the company’s stock.

Avnet Stock Up 2.0%

Avnet stock opened at $67.32 on Monday. Avnet, Inc. has a one year low of $39.22 and a one year high of $67.72. The stock has a fifty day moving average of $55.13 and a 200 day moving average of $52.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 2.07. The stock has a market cap of $5.51 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 0.50 and a beta of 0.92.

Avnet (NASDAQ:AVT) last announced 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. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The business had revenue of $6.32 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same period last year, the firm posted $0.87 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, sell-side analysts predict that Avnet, Inc. will post 3.41 EPS for the current year.

Avnet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Avnet’s dividend payout ratio is currently 57.38%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AVT. Wall Street Zen upgraded shares of Avnet from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Truist Financial upped their price objective on Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. Weiss Ratings lowered Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company boosted their price target on Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research note on Thursday, January 29th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average 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.