Tudor Investment Corp ET AL Cuts Stock Position in Avnet, Inc. $AVT

Key Points

• Tudor Investment Corp ET AL cut its Avnet stake by 73.8% in Q3, selling 54,865 shares and leaving 19,512 shares valued at about $1.02 million, while institutional investors collectively own 95.78% of the stock.
• Avnet beat quarterly EPS estimates ($1.05 vs. $0.95) and reported revenue up 11.6% year-over-year to $6.32 billion; it set Q3 2026 EPS guidance of $1.20–$1.30 and analysts expect roughly 3.41 EPS for the fiscal year.
• The company pays a quarterly dividend of $0.35 (a 2.4% yield, 57% payout ratio), but analyst sentiment is mixed—MarketBeat shows an average rating of "Reduce" with a consensus target of $54.33.

Tudor Investment Corp ET AL trimmed its holdings in shares of Avnet, Inc. (NASDAQ:AVT - Free Report) by 73.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,512 shares of the company's stock after selling 54,865 shares during the quarter. Tudor Investment Corp ET AL's holdings in Avnet were worth $1,020,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in Avnet by 6.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,984 shares of the company's stock valued at $156,000 after acquiring an additional 192 shares during the period. MAI Capital Management raised its position in Avnet by 53.7% during the third quarter. MAI Capital Management now owns 673 shares of the company's stock worth $35,000 after acquiring an additional 235 shares during the period. Ballentine Partners LLC lifted its holdings in Avnet by 3.5% during the third quarter. Ballentine Partners LLC now owns 7,324 shares of the company's stock valued at $383,000 after purchasing an additional 249 shares in the last quarter. Ethic Inc. grew its position in shares of Avnet by 1.3% in the third quarter. Ethic Inc. now owns 21,395 shares of the company's stock valued at $1,119,000 after purchasing an additional 271 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of Avnet by 1.0% in the second quarter. Lazard Asset Management LLC now owns 28,877 shares of the company's stock valued at $1,532,000 after purchasing an additional 279 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Avnet Price Performance

Avnet stock opened at $58.58 on Tuesday. The company has a fifty day simple moving average of $61.70 and a 200-day simple moving average of $53.94. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 0.44 and a beta of 0.91. The company has a quick ratio of 1.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. Avnet, Inc. has a 52-week low of $39.22 and a 52-week high of $68.29.

Avnet (NASDAQ:AVT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.10. Avnet had a net margin of 0.90% and a return on equity of 6.08%. The firm had revenue of $6.32 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same period in the previous year, the business posted $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. On average, equities analysts anticipate that Avnet, Inc. will post 3.41 EPS for the current fiscal year.

Avnet Dividend Announcement

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

Analyst Ratings Changes

AVT has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Avnet from $55.00 to $65.00 and gave the stock a "hold" rating in a research report on Thursday, January 29th. Wall Street Zen upgraded Avnet from a "hold" rating to a "buy" rating in a report on Saturday, January 31st. Weiss Ratings lowered Avnet from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, March 19th. Finally, Wells Fargo & Company increased their target price on Avnet from $43.00 to $48.00 and gave the company an "underweight" rating in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $54.33.

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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