California State Teachers Retirement System Boosts Holdings in Avnet, Inc. $AVT

California State Teachers Retirement System lifted its position in shares of Avnet, Inc. (NASDAQ:AVT - Free Report) by 22.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,965 shares of the company's stock after purchasing an additional 16,917 shares during the period. California State Teachers Retirement System owned about 0.11% of Avnet worth $5,790,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AVT. Empowered Funds LLC grew its position in shares of Avnet by 1.9% during the first quarter. Empowered Funds LLC now owns 6,833 shares of the company's stock worth $421,000 after acquiring an additional 129 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Avnet by 0.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,511 shares of the company's stock valued at $1,264,000 after purchasing an additional 159 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in shares of Avnet by 1.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 10,896 shares of the company's stock valued at $671,000 after buying an additional 176 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Avnet by 2.1% in the fourth quarter. Quadrant Capital Group LLC now owns 8,778 shares of the company's stock valued at $422,000 after buying an additional 184 shares during the last quarter. Finally, Summit Securities Group LLC boosted its stake in shares of Avnet by 32.1% during the first quarter. Summit Securities Group LLC now owns 765 shares of the company's stock worth $47,000 after buying an additional 186 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Avnet

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Strong quarterly beat: Avnet reported fiscal Q4 revenue of $8.30 billion, up 47.7% year over year and above the $7.56 billion consensus estimate. Adjusted earnings of $2.28 per share also exceeded expectations of approximately $1.76-$1.80, supported by broad-based demand, record segment sales and margin improvement. Avnet Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Demand recovery strengthens outlook: Management highlighted rising bookings, longer lead times and recovery across end markets. Fiscal 2026 sales reached $27.6 billion, up 25%, while Electronic Components generated $7.8 billion in fourth-quarter sales. AVT Q4 Earnings Call Highlights Broad Demand Recovery
• Positive Sentiment: Above-consensus fiscal 2027 guidance: Avnet provided first-quarter fiscal 2027 revenue guidance of roughly $9.0 billion-$9.3 billion and EPS guidance materially above analyst expectations, suggesting continued volume growth and favorable product mix. Avnet Q4 Earnings Beat on Broad-Based Demand and Margin Gains
• Positive Sentiment: Edge-AI expansion: Avnet and Weston Robot are launching an edge-AI inspection platform, potentially expanding Avnet’s position in industrial automation and machine-vision applications. The partnership is strategically positive, although near-term financial impact was not disclosed. Avnet and Weston Robot partner to launch edge AI inspection platform
• Neutral Sentiment: Avnet returned capital through $138 million of fiscal-year share repurchases and $114 million in dividends, supporting shareholder returns but not materially changing the near-term earnings outlook.
• Negative Sentiment: Recent insider activity cited in coverage showed executives selling shares and no purchases over the past six months. This may weigh modestly on sentiment, although the transactions do not necessarily indicate a change in the company’s fundamentals.

Avnet Stock Performance

NASDAQ:AVT opened at $96.80 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.78 and a debt-to-equity ratio of 0.49. Avnet, Inc. has a fifty-two week low of $44.25 and a fifty-two week high of $100.00. The stock has a market cap of $7.94 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 0.31 and a beta of 1.09. The firm's fifty day simple moving average is $88.12 and its 200-day simple moving average is $75.35.

Avnet (NASDAQ:AVT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.80 by $0.48. Avnet had a net margin of 1.21% and a return on equity of 9.57%. The firm had revenue of $8.30 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter last year, the business earned $0.81 earnings per share. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Analysts expect that Avnet, Inc. will post 7.3 earnings per share for the current fiscal year.

Avnet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, June 3rd. Avnet's dividend payout ratio (DPR) is presently 54.47%.

Analyst Ratings Changes

AVT has been the topic of a number of research reports. Zacks Research lowered Avnet from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 30th. 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. Raymond James Financial reiterated a "strong-buy" rating and issued a $95.00 target price on shares of Avnet in a research note on Thursday, April 30th. Bank of America raised Avnet from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $66.00 to $96.00 in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded Avnet from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $93.25.

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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