Avnet, Inc. (NASDAQ:AVT) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts rate Avnet “Moderate Buy,” with two buy and two strong-buy recommendations, one hold, and one sell. The average 12-month price target is $93.25.
• Avnet reported quarterly earnings of $2.28 per share, well above the $1.80 consensus estimate, while revenue rose 47.7% year over year to $8.30 billion. The company issued Q1 2027 EPS guidance of $2.80–$2.90.
• The company increased its quarterly dividend from $0.35 to $0.37 per share, equating to a 1.5% annualized yield; meanwhile, the CEO and a senior vice president recently sold significant portions of their holdings.

Shares of Avnet, Inc. (NASDAQ:AVT - Get Free Report) have received an average rating of "Moderate Buy" from the six research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $93.25.

AVT has been the topic of several research reports. Truist Financial increased their price target on shares of Avnet from $95.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Wells Fargo & Company lifted their price objective on shares of Avnet from $70.00 to $72.00 and gave the company an "underweight" rating in a research note on Monday, July 20th. Zacks Research upgraded shares of Avnet from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Avnet from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 25th. Finally, Weiss Ratings raised shares of Avnet from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, August 14th.

Insider Transactions at Avnet

In related news, CEO Philip R. Gallagher sold 51,900 shares of the company's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $98.46, for a total value of $5,110,074.00. Following the completion of the transaction, the chief executive officer owned 168,923 shares of the company's stock, valued at approximately $16,632,158.58. This represents a 23.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael Ryan Mccoy sold 32,052 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $91.10, for a total value of $2,919,937.20. Following the transaction, the senior vice president directly owned 76,674 shares of the company's stock, valued at approximately $6,985,001.40. The trade was a 29.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Avnet

Several institutional investors have recently bought and sold shares of AVT. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Avnet during the second quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new stake in shares of Avnet in the fourth quarter worth approximately $28,000. BOKF NA boosted its stake in shares of Avnet by 1,116.7% in the third quarter. BOKF NA now owns 584 shares of the company's stock worth $31,000 after acquiring an additional 536 shares during the last quarter. State of Wyoming acquired a new stake in shares of Avnet in the second quarter worth approximately $37,000. Finally, Hantz Financial Services Inc. increased its position in shares of Avnet by 62.0% during the fourth quarter. Hantz Financial Services Inc. now owns 852 shares of the company's stock worth $41,000 after purchasing an additional 326 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Avnet Trading Up 7.2%

NASDAQ AVT opened at $99.63 on Friday. Avnet has a 12-month low of $44.25 and a 12-month high of $100.00. The company has a fifty day simple moving average of $90.03 and a two-hundred day simple moving average of $80.95. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The stock has a market cap of $8.18 billion, a P/E ratio of 24.97, a P/E/G ratio of 0.30 and a beta of 1.10.

Avnet (NASDAQ:AVT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.48. Avnet had a return on equity of 9.57% and a net margin of 1.21%.The business had revenue of $8.30 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same period in the prior year, the company earned $0.81 earnings per share. The company's revenue was up 47.7% on a year-over-year basis. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. On average, analysts forecast that Avnet will post 10.45 earnings per share for the current year.

Avnet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th will be issued a dividend of $0.37 per share. This is a positive change from Avnet's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. Avnet's payout ratio is presently 37.09%.

Avnet Company Profile

Avnet, Inc is a global technology distributor that helps manufacturers, engineers and other customers source electronic components and develop products. The company connects semiconductor and electronic-component suppliers with original equipment manufacturers, electronic manufacturing services providers and independent design firms.

Its offerings include semiconductors, embedded processors and computing products, memory, interconnect solutions, passive and electromechanical components, and related hardware and software.

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