Tudor Investment Corp ET AL Has $1.02 Million Stock Position in Avnet, Inc. $AVT

Key Points

• Tudor Investment Corp cut its stake in Avnet by 73.8% in Q3, selling 54,865 shares and retaining 19,512 shares valued at about $1.02 million.
• Avnet beat quarterly expectations with EPS of $1.05 vs. $0.95 est. and revenue of $6.32 billion (up 11.6% YoY), and set Q3 2026 guidance of $1.20–$1.30 EPS.
• Despite the results, analysts are mixed — MarketBeat shows a consensus rating of "Reduce" and an average target price of $59.33, below the recent share price (~$71.75).

Tudor Investment Corp ET AL lowered its stake in Avnet, Inc. (NASDAQ:AVT - Free Report) by 73.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 19,512 shares of the company's stock after selling 54,865 shares during the period. Tudor Investment Corp ET AL's holdings in Avnet were worth $1,020,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP boosted its holdings in Avnet by 199.1% in the 3rd quarter. Allworth Financial LP now owns 700 shares of the company's stock valued at $37,000 after purchasing an additional 466 shares during the period. Swiss Life Asset Management Ltd bought a new stake in Avnet in the 3rd quarter valued at about $210,000. CIBC Bancorp USA Inc. bought a new stake in Avnet in the 3rd quarter valued at about $458,000. Caxton Associates LLP bought a new stake in Avnet in the 3rd quarter valued at about $2,073,000. Finally, Alyeska Investment Group L.P. bought a new stake in Avnet in the 3rd quarter valued at about $1,102,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Avnet Stock Performance

Shares of Avnet stock opened at $71.75 on Wednesday. The company has a 50 day moving average of $63.71 and a 200-day moving average of $54.90. Avnet, Inc. has a 1-year low of $44.25 and a 1-year high of $73.94. The company has a current ratio of 2.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The company has a market cap of $5.87 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90.

Avnet (NASDAQ:AVT - Get Free Report) last issued 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 company had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. The firm'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. As a group, equities research analysts forecast that Avnet, Inc. will post 3.41 earnings per share for the current fiscal year.

Avnet Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, March 4th. Avnet's dividend payout ratio is 57.38%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Truist Financial raised shares of Avnet from a "hold" rating to a "buy" rating and boosted their price objective for the company from $65.00 to $80.00 in a report on Monday. Weiss Ratings downgraded shares of Avnet from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, March 19th. 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 report on Thursday, January 29th. Finally, Wall Street Zen raised shares of Avnet from a "hold" rating to a "buy" rating in a report on Saturday, January 31st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Avnet currently has a consensus rating of "Reduce" and an average target price of $59.33.

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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