153,050 Shares in Avnet, Inc. $AVT Bought by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors acquired 153,050 Avnet shares worth approximately $13.6 million during the second quarter, giving it a 0.19% stake. Institutional investors collectively own 95.78% of the company.
• Avnet reported strong quarterly results, with EPS of $2.28 versus the $1.80 consensus and revenue of $8.30 billion, up 47.7% year over year. The company guided for fiscal Q1 2027 EPS of $2.80–$2.90.
• Avnet increased its quarterly dividend to $0.37 per share from $0.35, implying a 1.7% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $93.25, while CEO Philip Gallagher sold 51,900 shares.

Ceredex Value Advisors LLC acquired a new stake in Avnet, Inc. (NASDAQ:AVT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 153,050 shares of the company's stock, valued at approximately $13,594,000. Ceredex Value Advisors LLC owned 0.19% of Avnet as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Avnet in the second quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in Avnet during the fourth quarter worth about $28,000. BOKF NA raised its holdings in Avnet by 1,116.7% during the third quarter. BOKF NA now owns 584 shares of the company's stock worth $31,000 after purchasing an additional 536 shares in the last quarter. State of Wyoming acquired a new stake in Avnet in the second quarter valued at about $37,000. Finally, Hantz Financial Services Inc. boosted its holdings in Avnet by 62.0% in the 4th quarter. Hantz Financial Services Inc. now owns 852 shares of the company's stock valued at $41,000 after purchasing an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Avnet Stock Down 1.6%

AVT opened at $86.89 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.78. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 0.29 and a beta of 1.09. Avnet, Inc. has a one year low of $44.25 and a one year high of $100.00. The business's fifty day moving average is $89.39 and its two-hundred day moving average is $78.19.

Avnet (NASDAQ:AVT - Get Free Report) last released its quarterly earnings results 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 business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $7.56 billion. Avnet had a return on equity of 9.57% and a net margin of 1.21%.The business's revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 EPS. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Analysts anticipate that Avnet, Inc. will post 9.66 EPS for the current fiscal year.

Avnet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th will be given a $0.37 dividend. This is a boost from Avnet's previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 9th. Avnet's dividend payout ratio (DPR) is currently 35.09%.

Insider Buying and Selling at Avnet

In related news, CEO Philip R. Gallagher sold 51,900 shares of Avnet stock in a transaction that occurred on 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 in the company, valued at $16,632,158.58. The trade was a 23.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Avnet from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th. Zacks Research raised Avnet from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Wells Fargo & Company increased their price objective on Avnet from $70.00 to $72.00 and gave the stock an "underweight" rating in a research report on Monday, July 20th. Weiss Ratings raised Avnet from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, August 14th. Finally, Bank of America raised shares of Avnet from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $66.00 to $96.00 in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $93.25.

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.

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