Vanguard Group Inc. Sells 355,337 Shares of Avnet, Inc. $AVT

Key Points

• Vanguard Group trimmed its Avnet stake by 3.3% in Q4, selling 355,337 shares and leaving it with 10,427,722 shares (about 12.82% ownership) valued at roughly $501 million.
• Avnet beat expectations for the quarter with $1.48 EPS vs. $1.33 consensus and $7.12B revenue (up 34% YoY vs. a $6.45B estimate), and set Q4 2026 guidance of $1.70–$1.80 EPS while analysts hold a mixed view and a consensus target of $77.50.
• The stock is trading near $82.40 (up 2.5%), with a 52-week range of $44.25–$84.07 and a $6.76B market cap; institutional investors own about 95.78% of shares and Avnet pays a $0.35 quarterly dividend (1.7% yield).

Vanguard Group Inc. cut its holdings in shares of Avnet, Inc. (NASDAQ:AVT - Free Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,427,722 shares of the company's stock after selling 355,337 shares during the quarter. Vanguard Group Inc. owned approximately 12.82% of Avnet worth $501,365,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AVT. Hantz Financial Services Inc. raised its holdings in Avnet by 132.7% during the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company's stock worth $27,000 after acquiring an additional 300 shares in the last quarter. BOKF NA grew its stake in Avnet by 1,116.7% in the third quarter. BOKF NA now owns 584 shares of the company's stock valued at $31,000 after purchasing an additional 536 shares in the last quarter. MAI Capital Management increased its position in shares of Avnet by 53.7% during the 3rd quarter. MAI Capital Management now owns 673 shares of the company's stock worth $35,000 after purchasing an additional 235 shares during the last quarter. Allworth Financial LP raised its stake in shares of Avnet by 199.1% during the 3rd quarter. Allworth Financial LP now owns 700 shares of the company's stock worth $37,000 after purchasing an additional 466 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in shares of Avnet during the 3rd quarter worth approximately $38,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Avnet Stock Up 2.5%

Shares of AVT opened at $82.40 on Wednesday. Avnet, Inc. has a 52 week low of $44.25 and a 52 week high of $84.07. The firm has a market cap of $6.76 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of 0.58 and a beta of 1.09. The firm's 50-day simple moving average is $66.65 and its 200 day simple moving average is $57.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 2.01.

Avnet (NASDAQ:AVT - Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.33 by $0.15. The company had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.45 billion. Avnet had a return on equity of 7.07% and a net margin of 0.86%.The firm's revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, analysts forecast that Avnet, Inc. will post 4.92 earnings per share for the current year.

Avnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.40 annualized dividend and a yield of 1.7%. Avnet's dividend payout ratio (DPR) is presently 54.47%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AVT. Zacks Research upgraded shares of Avnet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 14th. Weiss Ratings cut shares of Avnet from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, March 19th. Truist Financial lifted their price target on Avnet to $95.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Wells Fargo & Company boosted their price target on Avnet from $60.00 to $70.00 and gave the stock an "underweight" rating in a research report on Thursday, April 30th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $95.00 price objective on shares of Avnet in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Avnet has an average rating of "Moderate Buy" and a consensus target price of $77.50.

Avnet 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.

Want to see what other hedge funds are holding AVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avnet, Inc. (NASDAQ:AVT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.