NASDAQ:AVT

Avnet (AVT) Stock Price, News & Analysis

$53.33
+0.26 (+0.49%)
(As of 05/17/2024 ET)
Today's Range
$52.94
$53.63
50-Day Range
$46.13
$53.45
52-Week Range
$41.52
$53.81
Volume
739,032 shs
Average Volume
594,884 shs
Market Capitalization
$4.82 billion
P/E Ratio
8.63
Dividend Yield
2.33%
Price Target
$45.00

Avnet MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
15.6% Downside
$45.00 Price Target
Short Interest
Bearish
3.37% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.12
Upright™ Environmental Score
News Sentiment
0.52mentions of Avnet in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$1.01 M Sold Last Quarter
Proj. Earnings Growth
6.13%
From $5.06 to $5.37 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.36 out of 5 stars

Computer And Technology Sector

233rd out of 596 stocks

Electronic Parts & Equipment, Not Elsewhere Classified Industry

4th out of 6 stocks

AVT stock logo

About Avnet Stock (NASDAQ:AVT)

Avnet, Inc., distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; 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 embedded solutions, such as technical design, integration, and assembly of embedded products, systems, and solutions primarily for industrial applications, as well as embedded display solutions comprising touch and passive displays; and 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 Asia. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

AVT Stock Price History

AVT Stock News Headlines

Avnet declares $0.31 dividend
Avnet Declares Regular Quarterly Dividend
Avnet, Inc. (NASDAQ:AVT) Sees Large Increase in Short Interest
Avnet, Inc. (AVT)
Q3 2024 Avnet Inc Earnings Call
Q3 2024 Avnet Inc Earnings Call Transcript
Avnet Inc Q3 Profit Decreases, misses estimates
Here's what Wall Street expects from Avnet's earnings report
Avnet Q3 2024 Earnings Preview
See More Headlines
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Company Calendar

Ex-Dividend for 3/20 Dividend
3/05/2024
Dividend Payable
3/20/2024
Last Earnings
5/01/2024
Today
5/17/2024
Ex-Dividend for 6/19 Dividend
6/05/2024
Dividend Payable
6/19/2024
Fiscal Year End
6/30/2024
Next Earnings (Estimated)
8/21/2024

Industry, Sector and Symbol

Industry
Electronic parts & equipment, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:AVT
CIK
8858
Employees
15,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$45.00
High Stock Price Target
$50.00
Low Stock Price Target
$40.00
Potential Upside/Downside
-15.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
4 Analysts

Profitability

Net Income
$770.83 million
Pretax Margin
2.91%

Debt

Sales & Book Value

Annual Sales
$26.54 billion
Cash Flow
$9.79 per share
Book Value
$55.20 per share

Miscellaneous

Free Float
89,205,000
Market Cap
$4.82 billion
Optionable
Optionable
Beta
1.21
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AVT Stock Analysis - Frequently Asked Questions

Should I buy or sell Avnet stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last twelve months. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" AVT shares.
View AVT analyst ratings
or view top-rated stocks.

What is Avnet's stock price target for 2024?

4 brokerages have issued 12 month price objectives for Avnet's shares. Their AVT share price targets range from $40.00 to $50.00. On average, they anticipate the company's share price to reach $45.00 in the next twelve months. This suggests that the stock has a possible downside of 15.6%.
View analysts price targets for AVT
or view top-rated stocks among Wall Street analysts.

How have AVT shares performed in 2024?

Avnet's stock was trading at $50.40 at the beginning of 2024. Since then, AVT shares have increased by 5.8% and is now trading at $53.33.
View the best growth stocks for 2024 here
.

When is Avnet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 21st 2024.
View our AVT earnings forecast
.

How were Avnet's earnings last quarter?

Avnet, Inc. (NASDAQ:AVT) issued its quarterly earnings results on Wednesday, May, 1st. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.11 by $0.01. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.71 billion. Avnet had a net margin of 2.31% and a trailing twelve-month return on equity of 11.64%. The firm's quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share.

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

Avnet announced a quarterly dividend on Wednesday, May 15th. Investors of record on Wednesday, June 5th will be given a dividend of $0.31 per share on Wednesday, June 19th. This represents a $1.24 annualized dividend and a yield of 2.33%. The ex-dividend date is Wednesday, June 5th.
Read our dividend analysis for AVT
.

Is Avnet a good dividend stock?

Avnet (NASDAQ:AVT) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.32%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVT will have a dividend payout ratio of 23.09% 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 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of 0.900-1.000 for the period, compared to the consensus earnings per share estimate of 1.120. The company issued revenue guidance of $5.2 billion-$5.5 billion, compared to the consensus revenue estimate of $5.7 billion.

Who are Avnet's major shareholders?

Avnet's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.12%), Pzena Investment Management LLC (9.51%), LSV Asset Management (3.23%), Earnest Partners LLC (1.60%), William Blair Investment Management LLC (0.82%) and Sei Investments Co. (0.74%). Insiders that own company stock include Elizabeth Mcmullen, James A Lawrence, James A Lawrence, Ken E Arnold, Kenneth A Jacobson, Kenneth A Jacobson, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:AVT) was last updated on 5/18/2024 by MarketBeat.com Staff

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