Amundi Reduces Stock Position in Avnet, Inc. $AVT

Key Points

• Amundi cut its Avnet position by 93.7% in the first quarter, selling 108,092 shares and retaining 7,312 shares valued at approximately $451,000. Institutional investors collectively own 95.78% of Avnet’s stock.
• Avnet reported quarterly EPS of $2.28, beating estimates of $1.80, while revenue rose 47.7% year over year to $8.30 billion. The company issued Q1 2027 EPS guidance of $2.80–$2.90.
• Avnet shares opened at $95.96, near their 52-week high of $100, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $93.25. The company also pays a quarterly dividend of $0.35 per share, yielding about 1.5%.

Amundi trimmed its holdings in Avnet, Inc. (NASDAQ:AVT - Free Report) by 93.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,312 shares of the company's stock after selling 108,092 shares during the period. Amundi's holdings in Avnet were worth $451,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC bought a new stake in shares of Avnet in the 4th quarter worth about $28,000. BOKF NA raised its stake in shares of Avnet by 1,116.7% in 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. Hantz Financial Services Inc. lifted 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 during the last quarter. Clearstead Advisors LLC lifted its position in shares of Avnet by 123.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,385 shares of the company's stock worth $67,000 after purchasing an additional 766 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Avnet in the fourth quarter worth about $90,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Avnet Price Performance

AVT opened at $95.96 on Wednesday. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 0.32 and a beta of 1.09. Avnet, Inc. has a fifty-two week low of $44.25 and a fifty-two week high of $100.00. The company's 50-day moving average price is $88.58 and its 200 day moving average price is $76.33. The company has a quick ratio of 0.97, a current ratio of 1.78 and a debt-to-equity ratio of 0.49.

Avnet (NASDAQ:AVT - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.48. The firm had revenue of $8.30 billion for the quarter, compared to analysts' expectations of $7.56 billion. Avnet had a net margin of 1.21% and a return on equity of 9.57%. Avnet's revenue was up 47.7% on a year-over-year basis. During the same quarter last year, the company posted $0.81 earnings per share. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. As a group, sell-side analysts expect that Avnet, Inc. will post 9.66 earnings per share for the current year.

Avnet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. Avnet's payout ratio is currently 35.09%.

Analyst Upgrades and Downgrades

AVT has been the subject of several research analyst reports. Wall Street Zen raised Avnet from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 25th. Wells Fargo & Company lifted their target price on Avnet from $70.00 to $72.00 and gave the stock an "underweight" rating in a research report on Monday, July 20th. Bank of America upgraded Avnet from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $66.00 to $96.00 in a report on Wednesday, May 13th. Raymond James Financial reissued a "strong-buy" rating and set a $95.00 price target on shares of Avnet in a research report on Thursday, April 30th. Finally, Zacks Research upgraded Avnet from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $93.25.

Avnet 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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