Capital Financial Group Inc. Co. ADV Makes New $1.16 Million Investment in Avnet, Inc. $AVT

Key Points

• Capital Financial Group acquired 13,023 Avnet shares worth approximately $1.16 million in the second quarter. Institutional investors collectively own 95.78% of the company.
• Avnet reported strong quarterly results, with $2.28 earnings per share versus the $1.80 analyst estimate and revenue of $8.30 billion, up 47.7% year over year. The company issued Q1 2027 EPS guidance of $2.80–$2.90.
• Analyst sentiment is moderately bullish, with a consensus “Moderate Buy” rating and a $93.25 target price, while CEO Philip Gallagher sold $5.11 million worth of shares in August.

Capital Financial Group Inc. Co. ADV acquired a new stake in shares of Avnet, Inc. (NASDAQ:AVT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,023 shares of the company's stock, valued at approximately $1,157,000.

Other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Avnet in the 2nd quarter worth approximately $25,000. State of Wyoming purchased a new stake in shares of Avnet in the 2nd quarter worth approximately $37,000. Summit Securities Group LLC bought a new position in Avnet during the 4th quarter valued at approximately $28,000. BOKF NA raised its stake in Avnet by 1,116.7% during the third quarter. BOKF NA now owns 584 shares of the company's stock valued at $31,000 after buying an additional 536 shares during the last quarter. Finally, Elevation Wealth Partners LLC raised its stake in Avnet by 38.5% during the second quarter. Elevation Wealth Partners LLC now owns 666 shares of the company's stock valued at $59,000 after buying an additional 185 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Avnet Price Performance

Shares of NASDAQ:AVT opened at $98.63 on Tuesday. Avnet, Inc. has a fifty-two week low of $44.25 and a fifty-two week high of $100.00. The business has a 50-day simple moving average of $89.24 and a two-hundred day simple moving average of $77.60. 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 firm has a market cap of $8.09 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 0.32 and a beta of 1.09.

Avnet (NASDAQ:AVT - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $2.28 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 1.21% and a return on equity of 9.57%. The firm's revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. On average, analysts expect that Avnet, Inc. will post 9.66 earnings per share for the current year.

Avnet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, June 3rd. Avnet's dividend payout ratio is 35.09%.

Insider Buying and Selling at Avnet

In related news, CEO Philip R. Gallagher sold 51,900 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $98.46, for a total value of $5,110,074.00. Following the transaction, the chief executive officer owned 168,923 shares of the company's stock, valued at approximately $16,632,158.58. This trade represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on AVT shares. Weiss Ratings raised shares of Avnet from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday. Bank of America raised shares of Avnet from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $66.00 to $96.00 in a report on Wednesday, May 13th. Wells Fargo & Company upped their target price on shares of Avnet from $70.00 to $72.00 and gave the stock 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. Finally, Truist Financial increased their price target on shares of Avnet from $95.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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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