Avnet (NASDAQ:AVT) Downgraded by Wall Street Zen to Buy

Key Points

• Wall Street Zen downgraded Avnet from “strong-buy” to “buy,” even as other analysts remain mixed but generally constructive on the stock. MarketBeat says the overall consensus rating is still Moderate Buy with an average price target of $77.50.
• Avnet reported strong quarterly results, posting EPS of $1.48 versus estimates of $1.33 and revenue of $7.12 billion versus expectations of $6.45 billion. Revenue rose 34% year over year, and the company also issued Q4 2026 EPS guidance of 1.700–1.800.
• The stock has been trading near its 52-week high, opening at $82.09 and approaching the 52-week high of $84.75. CEO Philip R. Gallagher also sold 23,920 shares worth about $1.98 million in a recent insider transaction.

Avnet (NASDAQ:AVT - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Sunday.

Other analysts also recently issued reports about the company. Wells Fargo & Company increased their price target on Avnet from $60.00 to $70.00 and gave the company an "underweight" rating in a research report on Thursday, April 30th. Truist Financial upped their price objective on Avnet to $95.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $95.00 target price on shares of Avnet in a research report on Thursday, April 30th. Zacks Research raised shares of Avnet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 14th. Finally, Weiss Ratings lowered shares of Avnet from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Avnet has a consensus rating of "Moderate Buy" and an average price target of $77.50.

Avnet Trading Up 1.5%

NASDAQ AVT opened at $82.09 on Friday. Avnet has a twelve month low of $44.25 and a twelve month high of $84.75. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.50. The business's fifty day moving average is $67.26 and its 200 day moving average is $57.65. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 0.59 and a beta of 1.09.

Avnet (NASDAQ:AVT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.33 by $0.15. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The firm had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter last year, the business posted $0.84 EPS. The company's revenue for the quarter was up 34.0% on a year-over-year basis. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. As a group, sell-side analysts expect that Avnet will post 4.92 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Philip R. Gallagher sold 23,920 shares of Avnet stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $82.92, for a total value of $1,983,446.40. Following the completion of the sale, the chief executive officer owned 145,003 shares of the company's stock, valued at approximately $12,023,648.76. This trade represents a 14.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.90% of the company's stock.

Institutional Trading of Avnet

A number of institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. increased its holdings 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 acquiring an additional 300 shares during the period. Summit Securities Group LLC bought a new position in Avnet in the 4th quarter valued at $28,000. BOKF NA grew its position in shares of Avnet by 1,116.7% during the 3rd quarter. BOKF NA now owns 584 shares of the company's stock valued at $31,000 after purchasing an additional 536 shares in the last quarter. MAI Capital Management increased its holdings in shares of Avnet by 53.7% in the third quarter. MAI Capital Management now owns 673 shares of the company's stock worth $35,000 after purchasing an additional 235 shares during the period. Finally, Allworth Financial LP raised its position in shares of Avnet by 199.1% in the third quarter. Allworth Financial LP now owns 700 shares of the company's stock worth $37,000 after buying an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

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.

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