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All the trading advice you’ve ever received boils down to this (Ad)
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2 energy drink makers to wake up your portfolio
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio

Avnet Stock Price, News & Analysis (NASDAQ:AVT)

$47.62
+0.19 (+0.40%)
(As of 12/4/2023 ET)
Compare
Today's Range
$46.92
$47.66
50-Day Range
$45.29
$48.96
52-Week Range
$39.64
$51.65
Volume
552,932 shs
Average Volume
583,587 shs
Market Capitalization
$4.31 billion
P/E Ratio
5.54
Dividend Yield
2.60%
Price Target
$47.40

Avnet MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.60 Rating Score
Upside/​Downside
0.5% Downside
$47.40 Price Target
Short Interest
Healthy
2.31% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.12
Upright™ Environmental Score
News Sentiment
0.57mentions of Avnet in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$387,387 Sold Last Quarter
Proj. Earnings Growth
16.15%
From $5.76 to $6.69 Per Share

Overall MarketRank

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

2.64 out of 5 stars

Computer And Technology Sector

66th out of 593 stocks

Electronic Parts & Equipment, Not Elsewhere Classified Industry

2nd 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

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Brokerages Set Avnet, Inc. (NASDAQ:AVT) Target Price at $47.40
Avnet Director Trades Company's Stock
Should Value Investors Buy Avnet (AVT) Stock?
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Avnet to Participate in Upcoming Investor Conferences
Avnet, Inc. (NASDAQ:AVT) Q1 2024 Earnings Call Transcript
Avnet's (AVT) Q1 Earnings and Revenues Surpass Estimates
Avnet Reports First Quarter 2024 Financial Results
Avnet Q1 2024 Earnings Preview
See More Headlines
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Company Calendar

Ex-Dividend for 9/27 Dividend
9/12/2023
Dividend Payable
9/27/2023
Last Earnings
11/01/2023
Today
12/04/2023
Ex-Dividend for 12/20 Dividend
12/05/2023
Dividend Payable
12/20/2023
Next Earnings (Estimated)
2/07/2024
Fiscal Year End
6/30/2024

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
$47.40
High Stock Price Target
$50.00
Low Stock Price Target
$40.00
Potential Upside/Downside
-0.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.60
Research Coverage
5 Analysts

Profitability

Net Income
$770.83 million
Pretax Margin
3.88%

Debt

Sales & Book Value

Annual Sales
$26.54 billion
Cash Flow
$9.84 per share
Book Value
$51.99 per share

Miscellaneous

Free Float
89,309,000
Market Cap
$4.31 billion
Optionable
Optionable
Beta
1.29
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

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AVT Stock Analysis - Frequently Asked Questions

Should I buy or sell Avnet stock right now?

5 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 and 3 hold ratings for the stock. The consensus among Wall Street equities research 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?

5 analysts have issued twelve-month target prices for Avnet's stock. Their AVT share price targets range from $40.00 to $50.00. On average, they anticipate the company's share price to reach $47.40 in the next twelve months. This suggests that the stock has a possible downside of 0.5%.
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 at the beginning of the year. Since then, AVT stock has increased by 14.5% and is now trading at $47.62.
View the best growth stocks for 2023 here
.

Are investors shorting Avnet?

Avnet saw a decline in short interest in November. As of November 15th, there was short interest totaling 2,070,000 shares, a decline of 11.9% from the October 31st total of 2,350,000 shares. Based on an average daily volume of 531,600 shares, the days-to-cover ratio is presently 3.9 days. Currently, 2.3% of the company's stock are sold short.
View Avnet's Short Interest
.

When is Avnet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our AVT earnings forecast
.

How were Avnet's earnings last quarter?

Avnet, Inc. (NASDAQ:AVT) announced its quarterly earnings data on Wednesday, November, 1st. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.11. The firm had revenue of $6.30 billion for the quarter, compared to analysts' expectations of $6.35 billion. Avnet had a net margin of 3.05% and a trailing twelve-month return on equity of 15.26%. The business's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.00 EPS.

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

Avnet announced a quarterly dividend on Wednesday, November 15th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.31 per share on Wednesday, December 20th. This represents a $1.24 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, December 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 2.61%. 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 14.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVT will have a dividend payout ratio of 18.54% 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 issued an update on its second quarter earnings guidance on Wednesday, November, 1st. The company provided earnings per share (EPS) guidance of $1.35-$1.45 for the period, compared to the consensus EPS estimate of $1.37. The company issued revenue guidance of $6.00-$6.30 billion, compared to the consensus revenue estimate of $6.14 billion.

Who are Avnet's major shareholders?

Avnet's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (9.65%), Greenhaven Associates Inc. (4.12%), LSV Asset Management (3.37%), American Century Companies Inc. (2.99%), AQR Capital Management LLC (1.71%) and Invesco Ltd. (1.68%). Insiders that own company stock include Dayna Badhorn, Elizabeth Mcmullen, James A Lawrence, James A Lawrence, Ken E Arnold, Kenneth A Jacobson, Kenneth A Jacobson, Leng Jin Chan, 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.

This page (NASDAQ:AVT) was last updated on 12/5/2023 by MarketBeat.com Staff

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