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Avnet (AVT) Stock Price, News & Analysis

$52.80
+0.25 (+0.48%)
(As of 09/20/2024 ET)

About Avnet Stock (NASDAQ:AVT)

Key Stats

Today's Range
$51.82
$52.84
50-Day Range
$49.63
$55.43
52-Week Range
$42.67
$55.80
Volume
1.71 million shs
Average Volume
601,373 shs
Market Capitalization
$4.77 billion
P/E Ratio
8.54
Dividend Yield
2.50%
Price Target
$48.50
Consensus Rating
Reduce

Company Overview

Avnet, Inc., distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers. It also offers design chain support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical education and training; and supply chain solutions that provide support and logistical services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, this segment provides embedded solutions, such as technical design, integration, and assembly of embedded products, systems, and solutions primarily for industrial applications, as well as embedded display solutions comprising touch and passive displays; and develops and manufactures standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. This segment serves various markets, such as automotive, medical, defense, aerospace, telecommunications, industrial, and digital editing. The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. It has operations in the Americas, Europe, the Middle East, Africa, and Asia. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

Avnet Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 87th Percentile

Avnet scored higher than 87% of companies evaluated by MarketBeat, and ranked 161st out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Avnet has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 2 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Avnet has only been the subject of 3 research reports in the past 90 days.

  • Read more about Avnet's stock forecast and price target.
  • Earnings Growth

    Earnings for Avnet are expected to grow by 31.07% in the coming year, from $4.57 to $5.99 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Avnet is 8.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.55.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Avnet is 8.54, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 275.55.

  • Price to Book Value per Share Ratio

    Avnet has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Avnet's valuation and earnings.
  • Percentage of Shares Shorted

    4.58% of the float of Avnet has been sold short.
  • Short Interest Ratio / Days to Cover

    Avnet has a short interest ratio ("days to cover") of 6.7.
  • Change versus previous month

    Short interest in Avnet has recently increased by 0.25%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Avnet pays a meaningful dividend of 2.58%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Avnet has been increasing its dividend for 12 years.

  • Dividend Coverage

    The dividend payout ratio of Avnet is 21.36%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Avnet will have a dividend payout ratio of 22.04% next year. This indicates that Avnet will be able to sustain or increase its dividend.

  • Read more about Avnet's dividend.
  • Percentage of Shares Shorted

    4.58% of the float of Avnet has been sold short.
  • Short Interest Ratio / Days to Cover

    Avnet has a short interest ratio ("days to cover") of 6.7.
  • Change versus previous month

    Short interest in Avnet has recently increased by 0.25%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Avnet has a news sentiment score of 1.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Avnet this week, compared to 4 articles on an average week.
  • Search Interest

    Only 3 people have searched for AVT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Avnet to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Avnet insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.30% of the stock of Avnet is held by insiders.

  • Percentage Held by Institutions

    95.78% of the stock of Avnet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Avnet's insider trading history.
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AVT Stock News Headlines

Forget Trump and Kamala
Forget Trump and Kamala. I don't care who you vote for - This calendar is the only thing that matters right now.
What Does Avnet, Inc.'s (NASDAQ:AVT) Share Price Indicate?
Avnet Inc.
Board Member Of Avnet Makes $199K Sale
See More Headlines

AVT Stock Analysis - Frequently Asked Questions

Avnet's stock was trading at $50.40 on January 1st, 2024. Since then, AVT stock has increased by 4.8% and is now trading at $52.80.
View the best growth stocks for 2024 here
.

Avnet, Inc. (NASDAQ:AVT) announced its earnings results on Thursday, August, 8th. The company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.27. The company's revenue for the quarter was down 15.1% compared to the same quarter last year.

Top institutional shareholders of Avnet include Pzena Investment Management LLC (9.49%), Dimensional Fund Advisors LP (7.07%), Greenhaven Associates Inc. (4.34%) and LSV Asset Management (3.12%). Insiders that own company stock include Philip R Gallagher, Thomas Liguori, Ken E Arnold, Carlo Bozotti, James A Lawrence, William H Schumann and Elizabeth Mcmullen.
View institutional ownership trends
.

Shares of AVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

Last Earnings
8/08/2024
Ex-Dividend for 9/25 Dividend
9/11/2024
Today
9/20/2024
Dividend Payable
9/25/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Electronic parts & equipment, not elsewhere classified
Sub-Industry
Wholesale
Current Symbol
NASDAQ:AVT
CIK
8858
Employees
15,462
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$48.50
High Stock Price Target
$55.00
Low Stock Price Target
$42.00
Potential Upside/Downside
-7.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
4 Analysts

Profitability

Net Income
$498.70 million
Pretax Margin
2.66%

Debt

Sales & Book Value

Annual Sales
$23.76 billion
Cash Flow
$7.31 per share
Book Value
$54.50 per share

Miscellaneous

Free Float
89,205,000
Market Cap
$4.74 billion
Optionable
Optionable
Beta
1.15
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This page (NASDAQ:AVT) was last updated on 9/20/2024 by MarketBeat.com Staff
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