GSA Capital Partners LLP Makes New $616,000 Investment in Avnet, Inc. $AVT

GSA Capital Partners LLP purchased a new stake in shares of Avnet, Inc. (NASDAQ:AVT) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,778 shares of the company’s stock, valued at approximately $616,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AVT. Royal Bank of Canada boosted its position in Avnet by 3.0% during the 1st quarter. Royal Bank of Canada now owns 71,697 shares of the company’s stock worth $3,447,000 after buying an additional 2,101 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Avnet by 16.0% during the first quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company’s stock valued at $11,148,000 after acquiring an additional 31,919 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Avnet during the first quarter worth $267,000. Empowered Funds LLC lifted its holdings in shares of Avnet by 9.3% during the first quarter. Empowered Funds LLC now owns 8,142 shares of the company’s stock worth $392,000 after purchasing an additional 696 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Avnet by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,757 shares of the company’s stock worth $17,012,000 after purchasing an additional 16,443 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AVT. Wall Street Zen raised Avnet from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Wells Fargo & Company increased their price target on Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a research note on Thursday, January 29th. Truist Financial lifted their price objective on Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings downgraded shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $54.33.

Avnet Stock Up 2.0%

Shares of 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 company has a debt-to-equity ratio of 0.50, a current ratio of 2.07 and a quick ratio of 1.07. The stock’s 50-day moving average is $55.13 and its 200 day moving average is $52.41. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 0.50 and a beta of 0.92.

Avnet (NASDAQ:AVT) last issued 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 return on equity of 6.08% and a net margin of 0.90%.The business had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the previous year, the company posted $0.87 earnings per share. The firm’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. Equities research analysts anticipate that Avnet, Inc. will post 3.41 EPS for the current year.

Avnet Announces Dividend

The business also recently declared 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. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, March 4th. Avnet’s dividend payout ratio (DPR) is presently 57.38%.

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.