Avnet, Inc. (NASDAQ:AVT) Stock Has Average Price Target of $93.25 According to Brokerages

Key Points

• Analysts have a Moderate Buy consensus on Avnet, with two buy ratings, one strong buy, two holds and one sell. The average 12-month price target is $93.25.
• Avnet reported quarterly EPS of $2.28, beating estimates by $0.48, while revenue rose 47.7% year over year to $8.30 billion. The company guided to first-quarter 2027 EPS of $2.80–$2.90.
• Insiders sold shares, including the CEO’s 51,900-share sale and an SVP’s 32,052-share sale, while institutional investors own 95.78% of the stock. Avnet also raised its quarterly dividend to $0.37, an annualized yield of approximately 1.7%.

Avnet, Inc. (NASDAQ:AVT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $93.25.

AVT has been the subject of several recent analyst reports. Weiss Ratings raised Avnet from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 9th. Wall Street Zen raised Avnet from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 17th. Truist Financial boosted their target price on shares of Avnet from $95.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Zacks Research lowered shares of Avnet from a "strong-buy" rating to a "hold" rating in a report on Monday, October 19th. Finally, Wells Fargo & Company lifted their price target on shares of Avnet from $70.00 to $72.00 and gave the company an "underweight" rating in a report on Monday, July 20th.

Insiders Place Their Bets

In other Avnet news, SVP Michael Ryan Mccoy sold 32,052 shares of the stock in a transaction dated Wednesday, August 19th. The shares were 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 $6,985,001.40. This represents a 29.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Philip Gallagher sold 51,900 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $98.46, for a total transaction of $5,110,074.00. Following the completion of the transaction, the chief executive officer directly owned 168,923 shares of the company's stock, valued at $16,632,158.58. This trade represents a 23.50% decrease in their position. The SEC filing for this sale provides additional information. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Avnet

Several institutional investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC raised its holdings in shares of Avnet by 19.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,653 shares of the company's stock valued at $674,000 after buying an additional 1,244 shares in the last quarter. Covestor Ltd lifted its stake in Avnet by 313.5% during the 3rd quarter. Covestor Ltd now owns 5,467 shares of the company's stock valued at $547,000 after acquiring an additional 4,145 shares during the period. Provenance Wealth Advisors LLC purchased a new position in shares of Avnet during the 3rd quarter valued at about $40,000. IPG Investment Advisors LLC purchased a new stake in shares of Avnet during the 3rd quarter worth approximately $256,000. Finally, Greenleaf Trust increased its position in shares of Avnet by 8.5% during the third quarter. Greenleaf Trust now owns 6,891 shares of the company's stock worth $689,000 after acquiring an additional 537 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Avnet Stock Performance

Shares of AVT stock opened at $88.20 on Monday. Avnet has a 1-year low of $44.25 and a 1-year high of $108.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.78 and a quick ratio of 0.97. The business's fifty day moving average price is $94.79 and its 200 day moving average price is $80.74. The firm has a market capitalization of $7.25 billion, a PE ratio of 22.11, a P/E/G ratio of 0.27 and a beta of 1.11.

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

Avnet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Avnet's previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, September 9th. Avnet's dividend payout ratio is 37.09%.

Avnet Company Profile

Avnet, Inc is a global technology distributor that helps manufacturers and design engineers source electronic components and develop products. The company supplies semiconductors, embedded processors, memory, connectivity products, sensors, power-management components and other electronic parts used in industrial, automotive, communications, computing, aerospace and defense applications.

In addition to component distribution, Avnet provides engineering and design services, supply-chain management, product customization, logistics, and technical support.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.