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[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
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Will Plug Power’s Deal With Energy Vault Move The Needle? 
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
Will NIO Partake In China's Economic Awakening?
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
How to Choose a Brokerage Account or Online Broker
Tax Software Specialist Vertex In Buy Zone After Base Breakout
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
What is a Mutual Fund? How Does it Work?
Will Plug Power’s Deal With Energy Vault Move The Needle? 
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
Will NIO Partake In China's Economic Awakening?
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
How to Choose a Brokerage Account or Online Broker
Tax Software Specialist Vertex In Buy Zone After Base Breakout
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
What is a Mutual Fund? How Does it Work?
Will Plug Power’s Deal With Energy Vault Move The Needle? 
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
Will NIO Partake In China's Economic Awakening?
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
How to Choose a Brokerage Account or Online Broker
Tax Software Specialist Vertex In Buy Zone After Base Breakout
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
What is a Mutual Fund? How Does it Work?
Will Plug Power’s Deal With Energy Vault Move The Needle? 
NASDAQ:AVT

Avnet (AVT) Stock Forecast, Price & News

$46.56
-0.20 (-0.43%)
(As of 06/9/2023 ET)
Compare
Today's Range
$46.42
$47.18
50-Day Range
$40.42
$46.76
52-Week Range
$35.45
$48.53
Volume
462,912 shs
Average Volume
500,753 shs
Market Capitalization
$4.26 billion
P/E Ratio
5.12
Dividend Yield
2.49%
Price Target
$44.00

Avnet MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
5.5% Downside
$44.00 Price Target
Short Interest
Bearish
2.93% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.12
Upright™ Environmental Score
News Sentiment
0.51mentions of Avnet in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$4.39 M Sold Last Quarter
Proj. Earnings Growth
-25.03%
From $7.63 to $5.72 Per Share

Overall MarketRank

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

1.93 out of 5 stars

Computer And Technology Sector

387th out of 595 stocks

Electronic Parts & Equipment, Not Elsewhere Classified Industry

4th out of 8 stocks


AVT stock logo

About Avnet (NASDAQ:AVT) Stock

Avnet, Inc. engages in the distribution and sale of electronic components. It operates through the Electronic Components and Farnell segments. The Electronic Components segment markets and sells semiconductors, interconnect, passive and electromechanical devices, and integrated components. The Farnell segment is involved in the distribution of electronic components and related products to the electronic system design community utilizing multi-channel sales and marketing resources. The company was founded by Charles Avnet in 1921 and is headquartered in Phoenix, AZ.

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AVT Stock News Headlines

[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
Avnet, Inc. (NASDAQ:AVT) to Issue $0.29 Quarterly Dividend
Avnet Antitrust Win Larger Than Expected
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
Avnet (AVT) Declares $0.29 Dividend
Avnet (NYSE:AVT) Now Covered by Analysts at StockNews.com
Avnet, Inc. (NASDAQ:AVT) Short Interest Update
Avnet, Inc. (NASDAQ:AVT) Short Interest Down 7.0% in April
Q3 2023 Avnet Inc Earnings Call
See More Headlines

AVT Price History

AVT Company Calendar

Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Last Earnings
5/03/2023
Ex-Dividend for 6/21 Dividend
6/06/2023
Today
6/09/2023
Dividend Payable
6/21/2023
Fiscal Year End
6/30/2023
Next Earnings (Estimated)
8/09/2023

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
$44.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
-5.5%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
4 Analysts

Profitability

Net Income
$692.38 million
Pretax Margin
3.95%

Debt

Sales & Book Value

Annual Sales
$24.31 billion
Cash Flow
$8.99 per share
Book Value
$44.29 per share

Miscellaneous

Free Float
90,302,000
Market Cap
$4.26 billion
Optionable
Optionable
Beta
1.35

Key Executives

  • Philip R. GallagherPhilip R. Gallagher
    Chief Executive Officer & Director
  • Elizabeth A. McMullenElizabeth A. McMullen
    Senior Vice President-Operations
  • Kenneth A. JacobsonKenneth A. Jacobson
    Chief Financial Officer & Senior Vice President
  • Max Chan
    Chief Information Officer
  • Kevin V. Summers
    Senior Vice President













AVT Stock - Frequently Asked Questions

Should I buy or sell Avnet stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 2 sell ratings and 2 hold ratings 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 2023?

4 brokers have issued twelve-month target prices for Avnet's stock. Their AVT share price forecasts range from $38.00 to $50.00. On average, they anticipate the company's stock price to reach $44.00 in the next year. This suggests that the stock has a possible downside of 5.5%.
View analysts price targets for AVT
or view top-rated stocks among Wall Street analysts.

How have AVT shares performed in 2023?

Avnet's stock was trading at $41.58 on January 1st, 2023. Since then, AVT stock has increased by 12.0% and is now trading at $46.56.
View the best growth stocks for 2023 here
.

When is Avnet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our AVT earnings forecast
.

How were Avnet's earnings last quarter?

Avnet, Inc. (NASDAQ:AVT) released its quarterly earnings results on Wednesday, May, 3rd. The company reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.22. The business earned $6.50 billion during the quarter, compared to analysts' expectations of $6.31 billion. Avnet had a net margin of 3.27% and a trailing twelve-month return on equity of 17.71%. Avnet's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.15 earnings per share.

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

Avnet announced a quarterly dividend on Monday, May 22nd. Investors of record on Wednesday, June 7th will be paid a dividend of $0.29 per share on Wednesday, June 21st. This represents a $1.16 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, June 6th.
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 2.50%. 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 12.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVT will have a dividend payout ratio of 20.28% 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 fourth quarter earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $1.60-$1.70 for the period, compared to the consensus estimate of $1.40. The company issued revenue guidance of $6.10-$6.40 billion, compared to the consensus revenue estimate of $5.92 billion.

What is Avnet's stock symbol?

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

Who are Avnet's major shareholders?

Avnet's stock is owned by many different retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (10.01%), BlackRock Inc. (9.92%), Dimensional Fund Advisors LP (6.58%), State Street Corp (3.98%), Greenhaven Associates Inc. (3.46%) and LSV Asset Management (3.24%). Insiders that own company stock include Dayna Badhorn, Elizabeth Mcmullen, James A Lawrence, Ken E Arnold, Kenneth A Jacobson, Kenneth A Jacobson, Leng Jin Chan, Oleg Khaykin, Philip R Gallagher, Philip R Gallagher, Thomas Liguori and William H Schumann.
View institutional ownership trends
.

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 $46.56.

How much money does Avnet make?

Avnet (NASDAQ:AVT) has a market capitalization of $4.26 billion and generates $24.31 billion in revenue each year. The company earns $692.38 million in net income (profit) each year or $9.10 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 6/10/2023 by MarketBeat.com Staff

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