JPMorgan Chase & Co. Boosts Stock Holdings in Avnet, Inc. $AVT

Key Points

• JPMorgan Chase & Co. boosted its stake in Avnet by 22.6% during Q3 to 576,725 shares (about $30.15 million), and institutional investors now own roughly 95.8% of the company.
• Strong quarter — revenue and EPS beat: Avnet reported Q3 EPS of $1.05 vs. $0.95 expected and revenue of $6.32 billion (up 11.6% year‑over‑year), and it set Q3 2026 guidance at 1.200–1.300 EPS with analysts forecasting ~3.41 EPS for the year.
• Mixed market view despite a dividend: Avnet pays a $0.35 quarterly dividend (annualized $1.40, 2.4% yield), but analysts have a consensus rating of "Reduce" with an average target price of $54.33, below the recent share price (~$58.45).

JPMorgan Chase & Co. grew its stake in shares of Avnet, Inc. (NASDAQ:AVT - Free Report) by 22.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 576,725 shares of the company's stock after buying an additional 106,160 shares during the quarter. JPMorgan Chase & Co. owned 0.71% of Avnet worth $30,151,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new position in Avnet in the 3rd quarter worth approximately $616,000. Candriam S.C.A. bought a new stake in Avnet in the third quarter valued at approximately $2,064,000. Legal & General Group Plc boosted its stake in shares of Avnet by 6.2% during the second quarter. Legal & General Group Plc now owns 228,866 shares of the company's stock valued at $12,148,000 after purchasing an additional 13,422 shares during the period. Polaris Capital Management LLC purchased a new stake in shares of Avnet during the third quarter valued at approximately $1,861,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of Avnet by 32.4% in the third quarter. State of Alaska Department of Revenue now owns 75,401 shares of the company's stock worth $3,941,000 after purchasing an additional 18,455 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Avnet Trading Down 2.5%

NASDAQ:AVT opened at $58.45 on Monday. The company has a 50-day moving average price of $60.49 and a 200-day moving average price of $53.65. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 0.43 and a beta of 0.91. The company has a current ratio of 2.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. Avnet, Inc. has a 12 month low of $39.22 and a 12 month high of $68.29.

Avnet (NASDAQ:AVT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.10. Avnet had a net margin of 0.90% and a return on equity of 6.08%. The company had revenue of $6.32 billion for the quarter, compared to analysts' expectations of $6.03 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. Avnet's quarterly revenue was up 11.6% on a year-over-year basis. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. Equities analysts predict that Avnet, Inc. will post 3.41 EPS for the current year.

Avnet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.40 annualized dividend and a dividend yield of 2.4%. Avnet's dividend payout ratio is currently 57.38%.

Analyst Ratings Changes

Several research analysts recently commented on AVT shares. Weiss Ratings downgraded shares of Avnet from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday. Wall Street Zen raised shares of Avnet from a "hold" rating to a "buy" rating in a research report on Saturday, January 31st. Wells Fargo & Company boosted their price objective on shares of Avnet from $43.00 to $48.00 and gave the company an "underweight" rating in a research report on Thursday, January 29th. Finally, Truist Financial upped their price objective on shares of Avnet from $55.00 to $65.00 and gave the company a "hold" rating in a research note on Thursday, January 29th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Avnet presently has a consensus rating of "Reduce" and an average target price of $54.33.

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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