GSA Capital Partners LLP Invests $2.06 Million in Avnet, Inc. $AVT

Key Points

• GSA Capital Partners initiated a $2.06 million position in Avnet during the second quarter, purchasing 23,175 shares. Institutional investors collectively own 95.78% of the company.
• Avnet reported strong quarterly results, with EPS of $2.28 versus the $1.80 consensus estimate and revenue of $8.30 billion, up 47.7% year over year. The company issued first-quarter 2027 EPS guidance of $2.80–$2.90.
• Analyst sentiment is mixed but leans positive: Avnet has a “Moderate Buy” consensus rating and an average price target of $93.25, while CEO Philip Gallagher sold 51,900 shares worth approximately $5.11 million.

GSA Capital Partners LLP bought a new position in Avnet, Inc. (NASDAQ:AVT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,175 shares of the company's stock, valued at approximately $2,058,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in shares of Avnet in the fourth quarter valued at about $28,000. BOKF NA raised its stake in shares of 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 acquiring an additional 536 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings 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 period. Elevation Wealth Partners LLC boosted its holdings in shares of Avnet by 38.5% during the second quarter. Elevation Wealth Partners LLC now owns 666 shares of the company's stock worth $59,000 after purchasing an additional 185 shares during the period. Finally, Clearstead Advisors LLC grew its stake in shares of Avnet by 123.7% in 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. 95.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Avnet news, CEO Philip R. Gallagher sold 51,900 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $98.46, for a total value of $5,110,074.00. Following the completion of the transaction, the chief executive officer owned 168,923 shares in the company, valued at approximately $16,632,158.58. This represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on AVT. Truist Financial upped their price target on Avnet from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Avnet from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th. Weiss Ratings cut Avnet from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. Raymond James Financial restated a "strong-buy" rating and set a $95.00 target price on shares of Avnet in a report on Thursday, April 30th. Finally, Wells Fargo & Company raised their price target on Avnet from $70.00 to $72.00 and gave the stock an "underweight" rating in a research note on Monday, July 20th. Two investment 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 issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $93.25.

Avnet Price Performance

AVT stock opened at $95.71 on Friday. Avnet, Inc. has a 1 year low of $44.25 and a 1 year high of $100.00. The company has a market cap of $7.85 billion, a P/E ratio of 23.99, a PEG ratio of 0.32 and a beta of 1.09. The firm has a 50-day moving average of $89.01 and a 200 day moving average of $77.10. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.78 and a quick ratio of 0.97.

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

Avnet Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.5%. Avnet's payout ratio is currently 35.09%.

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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