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AMD   66.11 (+4.34%)
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MU   51.72 (+3.23%)
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GE   63.60 (+2.73%)
DIS   97.13 (+2.97%)
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PYPL   87.18 (+1.29%)
PFE   44.14 (+0.87%)
NFLX   239.04 (+1.53%)
QQQ   273.53 (+2.35%)
AAPL   142.45 (+3.08%)
MSFT   240.74 (+3.37%)
META   138.61 (+2.16%)
GOOGL   98.64 (+3.13%)
AMZN   115.88 (+2.55%)
TSLA   242.40 (-8.61%)
NVDA   125.12 (+3.07%)
NIO   15.49 (-1.78%)
BABA   80.45 (+0.58%)
AMD   66.11 (+4.34%)
T   15.90 (+3.65%)
MU   51.72 (+3.23%)
CGC   2.91 (+6.59%)
F   11.47 (+2.41%)
GE   63.60 (+2.73%)
DIS   97.13 (+2.97%)
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PYPL   87.18 (+1.29%)
PFE   44.14 (+0.87%)
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NASDAQ:AVT

Avnet - AVT Stock Forecast, Price & News

$37.17
+1.05 (+2.91%)
(As of 10/3/2022 12:00 AM ET)
Add
Compare
Today's Range
$36.29
$37.46
50-Day Range
$35.53
$47.39
52-Week Range
$35.45
$50.19
Volume
915,726 shs
Average Volume
804,875 shs
Market Capitalization
$3.52 billion
P/E Ratio
5.35
Dividend Yield
3.21%
Price Target
$45.00

Avnet MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
21.1% Upside
$45.00 Price Target
Short Interest
Bearish
4.83% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.12
Upright™ Environmental Score
News Sentiment
0.83mentions of Avnet in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$1.06 M Sold Last Quarter
Proj. Earnings Growth
-0.44%
From $6.83 to $6.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Computer And Technology Sector

252nd out of 650 stocks

Electronic Parts & Equipment, Not Elsewhere Classified Industry

6th out of 9 stocks

AVT stock logo

About Avnet (NASDAQ:AVT) Stock

Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical devices; and other integrated components from electronic component manufacturers. It also offers design chain support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical education and training; and supply chain solutions that provide support and logistical services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, this segment provides integrated solutions, such as technical design, integration, and assembly of embedded products, and systems and solutions primarily for industrial applications, as well as for intelligent and innovative embedded display solutions comprising touch and passive displays. Further, it develops and manufactures standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. This segment serves various markets, such as automotive, medical, defense, aerospace, telecommunications, industrial, and digital editing. The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. It has operations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

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AVT Stock News Headlines

Relative Strength Alert For Avnet - Nasdaq
Cash Dividend On The Way From Avnet (AVT)
Avnet Increases Quarterly Dividend by 11.5%
Avnet Inc. Raises Quarterly Dividend by 11.5% >AVT
See More Headlines
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AVT Company Calendar

Last Earnings
8/10/2022
Ex-Dividend for 9/28 Dividend
9/13/2022
Dividend Payable
9/28/2022
Today
10/03/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Electronic parts & equipment, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:AVT
CIK
8858
Employees
15,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$45.00
High Stock Price Forecast
$57.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+21.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$692.38 million
Pretax Margin
3.43%

Debt

Sales & Book Value

Annual Sales
$24.31 billion
Cash Flow
$9.20 per share
Book Value
$44.29 per share

Miscellaneous

Free Float
93,627,000
Market Cap
$3.52 billion
Optionable
Optionable
Beta
1.33

Key Executives

  • Mr. Philip R. GallagherMr. Philip R. Gallagher (Age 61)
    CEO, Director & Member of Exec. Board
    Comp: $3.27M
  • Mr. Michael Ryan McCoy (Age 46)
    Sr. VP, Gen. Counsel, Chief Legal Officer & Member of Exec. Board
    Comp: $981.12k
  • Mr. Ken E. ArnoldMr. Ken E. Arnold (Age 58)
    Sr. VP, Chief People Officer & Member of Exec. Board
    Comp: $847.44k
  • Mr. Leng-Jin ChanMr. Leng-Jin Chan (Age 50)
    Chief Information Officer
    Comp: $673.56k
  • Mr. Thomas LiguoriMr. Thomas Liguori (Age 63)
    Sr. Advisor
    Comp: $1.41M
  • Mr. Kenneth A. JacobsonMr. Kenneth A. Jacobson (Age 44)
    Controller, Principal Accounting Officer & CFO
  • Ms. Elizabeth McMullenMs. Elizabeth McMullen (Age 61)
    Sr. VP of Global Operations
  • Mr. Joseph Burke
    VP of Treasury & Investor Relations
  • Heather Vana
    Sr. Director of Communications
  • Mr. Ger Purcell
    Sr. VP of Information Technology













AVT Stock - Frequently Asked Questions

Should I buy or sell Avnet stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AVT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVT, but not buy additional shares or sell existing shares.
View AVT analyst ratings
or view top-rated stocks.

What is Avnet's stock price forecast for 2022?

6 analysts have issued twelve-month price objectives for Avnet's stock. Their AVT share price forecasts range from $35.00 to $57.00. On average, they predict the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 21.1% from the stock's current price.
View analysts price targets for AVT
or view top-rated stocks among Wall Street analysts.

How have AVT shares performed in 2022?

Avnet's stock was trading at $41.23 at the beginning of 2022. Since then, AVT shares have decreased by 9.8% and is now trading at $37.17.
View the best growth stocks for 2022 here
.

When is Avnet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our AVT earnings forecast
.

How were Avnet's earnings last quarter?

Avnet, Inc. (NASDAQ:AVT) issued its earnings results on Wednesday, August, 10th. The company reported $2.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.11. The firm had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.29 billion. Avnet had a net margin of 2.85% and a trailing twelve-month return on equity of 16.47%. The company's revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 earnings per share.

How often does Avnet pay dividends? What is the dividend yield for Avnet?

Avnet announced a quarterly dividend on Wednesday, August 31st. Stockholders of record on Wednesday, September 14th will be given a dividend of $0.29 per share on Wednesday, September 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Tuesday, September 13th. This is a boost from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for AVT
.

Is Avnet a good dividend stock?

Avnet (NASDAQ:AVT) pays an annual dividend of $1.16 per share and currently has a dividend yield of 3.21%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVT will have a dividend payout ratio of 17.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVT.

What guidance has Avnet issued on next quarter's earnings?

Avnet updated its first quarter 2023 earnings guidance on Friday, September, 9th. The company provided earnings per share guidance of $1.85-$1.95 for the period, compared to the consensus estimate of $1.87. The company issued revenue guidance of $6.20 billion-$6.50 billion, compared to the consensus revenue estimate of $6.36 billion.

What is Avnet's stock symbol?

Avnet trades on the NASDAQ under the ticker symbol "AVT."

How do I buy shares of Avnet?

Shares of AVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Avnet's stock price today?

One share of AVT stock can currently be purchased for approximately $37.17.

How much money does Avnet make?

Avnet (NASDAQ:AVT) has a market capitalization of $3.52 billion and generates $24.31 billion in revenue each year. The company earns $692.38 million in net income (profit) each year or $6.95 on an earnings per share basis.

How many employees does Avnet have?

The company employs 15,300 workers across the globe.

How can I contact Avnet?

Avnet's mailing address is 2211 SOUTH 47TH STREET, PHOENIX AZ, 85034. The official website for the company is www.avnet.com. The company can be reached via phone at (480) 643-2000, via email at investorrelations@avnet.com, or via fax at 480-643-7370.

This page (NASDAQ:AVT) was last updated on 10/3/2022 by MarketBeat.com Staff

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