NASDAQ:AVT Avnet (AVT) Stock Forecast, Price & News $46.56 -0.20 (-0.43%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$46.42▼$47.1850-Day Range$40.42▼$46.7652-Week Range$35.45▼$48.53Volume462,912 shsAverage Volume500,753 shsMarket Capitalization$4.26 billionP/E Ratio5.12Dividend Yield2.49%Price Target$44.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Avnet MarketRank™ ForecastAnalyst RatingHold1.50 Rating ScoreUpside/Downside5.5% Downside$44.00 Price TargetShort InterestBearish2.93% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.12Upright™ Environmental ScoreNews Sentiment0.51Based on 6 Articles This WeekInsider TradingSelling Shares$4.39 M Sold Last QuarterProj. Earnings Growth-25.03%From $7.63 to $5.72 Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector387th out of 595 stocksElectronic Parts & Equipment, Not Elsewhere Classified Industry4th out of 8 stocks 0.8 Analyst's Opinion Consensus RatingAvnet has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 2 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $44.00, Avnet has a forecasted downside of 5.5% from its current price of $46.56.Amount of Analyst CoverageAvnet has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.93% of the float of Avnet has been sold short.Short Interest Ratio / Days to CoverAvnet has a short interest ratio ("days to cover") of 4.9.Change versus previous monthShort interest in Avnet has recently increased by 3.50%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldAvnet pays a meaningful dividend of 2.48%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAvnet has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Avnet is 12.75%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Avnet will have a dividend payout ratio of 20.28% next year. This indicates that Avnet will be able to sustain or increase its dividend. Previous Next 2.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAvnet has received a 14.97% net impact score from Upright. Avnet seems to create the most significant positive value in categories "Taxes", "Jobs", and "Creating knowledge". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "IoT software", "Wholesale of weather measurement equipment", and "GPS software" products. See details.Environmental SustainabilityThe Environmental Impact score for Avnet is -1.12. Previous Next 2.5 News and Social Media Coverage News SentimentAvnet has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Avnet this week, compared to 5 articles on an average week.Search InterestOnly 4 people have searched for AVT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows4 people have added Avnet to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Avnet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,390,957.00 in company stock.Percentage Held by InsidersOnly 1.20% of the stock of Avnet is held by insiders.Percentage Held by Institutions97.11% of the stock of Avnet is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Avnet are expected to decrease by -25.03% in the coming year, from $7.63 to $5.72 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Avnet is 5.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.57.Price to Earnings Ratio vs. SectorThe P/E ratio of Avnet is 5.12, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 292.98.Price to Earnings Growth RatioAvnet has a PEG Ratio of 0.43. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioAvnet has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Avnet (NASDAQ:AVT) StockAvnet, 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.Read More Receive AVT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Avnet and its competitors with MarketBeat's FREE daily newsletter. Email Address AVT Stock News HeadlinesJune 6, 2023 | axios.comAvnet reclaims spot as Arizona's top Fortune 500 companyJune 6, 2023 | msn.comAvnet: Low Valuation And Decent Growth ProspectsJune 10, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis 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 >>>June 5, 2023 | americanbankingnews.comAvnet, Inc. (NASDAQ:AVT) to Issue $0.29 Quarterly DividendJune 2, 2023 | finance.yahoo.comAvnet (AVT) Up 2.3% Since Last Earnings Report: Can It Continue?June 1, 2023 | msn.comAvnet's Ex-Dividend Date Is Tuesday, Here's What You Need To KnowJune 1, 2023 | finance.yahoo.comIs There An Opportunity With Avnet, Inc.'s (NASDAQ:AVT) 20% Undervaluation?May 30, 2023 | seekingalpha.comAvnet Antitrust Win Larger Than ExpectedJune 10, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis 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 >>>May 29, 2023 | bizjournals.comAvnet Inc. awarded $268 million in antitrust lawsuit against suppliersMay 24, 2023 | msn.comElectronics distributor Avnet Inc. wins millions in price-fixing case against suppliersMay 24, 2023 | msn.comAvnet (AVT) Declares $0.29 DividendMay 23, 2023 | finance.yahoo.comTech distributor Avnet wins $268 million antitrust trial verdictMay 21, 2023 | americanbankingnews.comAvnet (NASDAQ:AVT) Research Coverage Started at StockNews.comMay 20, 2023 | americanbankingnews.comAvnet (NYSE:AVT) Now Covered by Analysts at StockNews.comMay 19, 2023 | americanbankingnews.comInsider Selling: Avnet, Inc. (NASDAQ:AVT) CEO Sells $1,353,799.00 in StockMay 19, 2023 | americanbankingnews.comQ2 2024 EPS Estimates for Avnet, Inc. (NASDAQ:AVT) Cut by Zacks ResearchMay 18, 2023 | finance.yahoo.comWhy Avnet (AVT) is a Top Momentum Stock for the Long-TermMay 16, 2023 | americanbankingnews.comAvnet, Inc. (NASDAQ:AVT) Short Interest UpdateMay 14, 2023 | americanbankingnews.comAvnet, Inc. (NASDAQ:AVT) Director Sells $3,037,158.19 in StockMay 13, 2023 | finance.yahoo.comDo Avnet's (NASDAQ:AVT) Earnings Warrant Your Attention?May 4, 2023 | finance.yahoo.comAvnet (AVT) Gains 6% on Q3 Earnings Beat, Strong Q4 GuidanceMay 4, 2023 | msn.comAvnet’s stock rises 3% on earnings, revenue beatsMay 4, 2023 | americanbankingnews.comAvnet, Inc. (NASDAQ:AVT) Short Interest Down 7.0% in AprilMay 4, 2023 | finance.yahoo.comQ3 2023 Avnet Inc Earnings CallMay 4, 2023 | finance.yahoo.comHere's What Key Metrics Tell Us About Avnet (AVT) Q3 EarningsMay 3, 2023 | seekingalpha.comAvnet, Inc. 2023 Q3 - Results - Earnings Call PresentationSee More Headlines AVT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AVT Company Calendar Ex-Dividend for 3/15 Dividend2/28/2023Dividend Payable3/15/2023Last Earnings5/03/2023Ex-Dividend for 6/21 Dividend6/06/2023Today6/09/2023Dividend Payable6/21/2023Fiscal Year End6/30/2023Next Earnings (Estimated)8/09/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Electronic parts & equipment, not elsewhere classified Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:AVT CUSIPN/A CIK8858 Webwww.avnet.com Phone(480) 643-2000Fax480-643-7370Employees15,300Year FoundedN/APrice 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 RatingHold Rating Score (0-4)1.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$9.10 Trailing P/E Ratio5.12 Forward P/E Ratio6.10 P/E Growth0.42Net Income$692.38 million Net Margins3.27% Pretax Margin3.95% Return on Equity17.71% Return on Assets6.74% Debt Debt-to-Equity Ratio0.65 Current Ratio2.63 Quick Ratio1.28 Sales & Book Value Annual Sales$24.31 billion Price / Sales0.18 Cash Flow$8.99 per share Price / Cash Flow5.18 Book Value$44.29 per share Price / Book1.05Miscellaneous Outstanding Shares91,400,000Free Float90,302,000Market Cap$4.26 billion OptionableOptionable Beta1.35 Key ExecutivesPhilip R. GallagherChief Executive Officer & DirectorElizabeth A. McMullenSenior Vice President-OperationsKenneth A. JacobsonChief Financial Officer & Senior Vice PresidentMax ChanChief Information OfficerKevin V. SummersSenior Vice PresidentKey CompetitorsArrow ElectronicsNYSE:ARWDiodesNASDAQ:DIODStoneCoNASDAQ:STNEMaxar TechnologiesNYSE:MAXRFabrinetNYSE:FNView All CompetitorsInsiders & InstitutionsOntario Teachers Pension Plan BoardSold 818 shares on 6/1/2023Ownership: 0.033%Macquarie Group Ltd.Bought 2,780 shares on 6/1/2023Ownership: 0.003%ProShare Advisors LLCBought 10,274 shares on 5/26/2023Ownership: 0.092%Brandywine Global Investment Management LLCSold 551 shares on 5/25/2023Ownership: 0.373%Ameriprise Financial Inc.Sold 17,718 shares on 5/22/2023Ownership: 0.559%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold Avnet's stock? ETFs with the largest weight of Avnet (NASDAQ:AVT) stock in their portfolio include Invesco S&P MidCap Value with Momentum ETF (XMVM), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Invesco S&P MidCap 400 Pure Value ETF (RFV), Cambria Value and Momentum ETF (VAMO), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), OneAscent Large Cap Core ETF (OALC), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Qraft AI-Enhanced Next Value ETF (NVQ). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Avnet, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.