Bridgefront Capital LLC Makes New Investment in Avnet, Inc. $AVT

Bridgefront Capital LLC bought a new position in shares of Avnet, Inc. (NASDAQ:AVT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,374 shares of the company’s stock, valued at approximately $908,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. grew its stake in Avnet by 132.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock worth $27,000 after buying an additional 300 shares during the last quarter. BOKF NA lifted its stake in Avnet by 1,116.7% in the third quarter. BOKF NA now owns 584 shares of the company’s stock valued at $31,000 after buying an additional 536 shares during the last quarter. MAI Capital Management lifted its stake in Avnet by 53.7% in the third quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $35,000 after buying an additional 235 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Avnet in the third quarter valued at approximately $38,000. Finally, Winnow Wealth LLC acquired a new stake in shares of Avnet in the third quarter valued at approximately $39,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Avnet Trading Down 0.8%

Shares of AVT stock opened at $59.73 on Monday. The company has a market capitalization of $4.89 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 0.44 and a beta of 0.91. 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 business’s 50 day moving average is $59.46 and its two-hundred day moving average is $53.44. Avnet, Inc. has a twelve month low of $39.22 and a twelve month high of $68.29.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 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 during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. The company’s quarterly 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. Equities analysts forecast that Avnet, Inc. will post 3.41 EPS for the current year.

Avnet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. Avnet’s dividend payout ratio is presently 57.38%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AVT. Wells Fargo & Company raised their target price on shares of Avnet from $43.00 to $48.00 and gave the stock 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 research note on Wednesday, March 4th. Truist Financial raised their price objective on shares of Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, January 29th. Finally, Wall Street Zen upgraded 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 given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $54.33.

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.