NASDAQ:AVT

Avnet Stock Forecast, Price & News

$38.83
-0.59 (-1.50 %)
(As of 06/22/2021 03:59 PM ET)
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Today's Range
$38.65
$39.20
50-Day Range
$38.85
$44.86
52-Week Range
$24.30
$45.43
Volume17,413 shs
Average Volume833,568 shs
Market Capitalization$3.86 billion
P/E Ratio24.27
Dividend Yield2.27%
Beta1.53
30 days | 90 days | 365 days | Advanced Chart
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Avnet logo

About Avnet

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 embedded and innovative 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, including 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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MarketRank

Overall MarketRank

2.44 out of 5 stars

Computer And Technology Sector

16th out of 1,591 stocks

Electronic Parts & Equipment, Not Elsewhere Classified Industry

2nd out of 23 stocks

Analyst Opinion: 1.3Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.8 5 -4 -3 -2 -1 -
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Avnet (NASDAQ:AVT) Frequently Asked Questions

Is Avnet a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last twelve months. There are currently 1 sell rating, 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Avnet stock.
View analyst ratings for Avnet
or view top-rated stocks.

What stocks does MarketBeat like better than Avnet?

Wall Street analysts have given Avnet a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Avnet wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Avnet's next earnings date?

Avnet is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Avnet
.

How were Avnet's earnings last quarter?

Avnet, Inc. (NASDAQ:AVT) announced its quarterly earnings results on Tuesday, April, 27th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.56 by $0.18. The business had revenue of $4.92 billion for the quarter, compared to analysts' expectations of $4.56 billion. Avnet had a trailing twelve-month return on equity of 4.48% and a net margin of 0.87%. The firm's quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 earnings per share.
View Avnet's earnings history
.

How has Avnet's stock price been impacted by COVID-19?

Avnet's stock was trading at $28.28 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AVT stock has increased by 37.3% and is now trading at $38.83.
View which stocks have been most impacted by COVID-19
.

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

Avnet declared a quarterly dividend on Tuesday, May 25th. Shareholders of record on Wednesday, June 9th will be paid a dividend of $0.22 per share on Wednesday, June 23rd. This represents a $0.88 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, June 8th. This is a positive change from Avnet's previous quarterly dividend of $0.21.
View Avnet's dividend history
.

Is Avnet a good dividend stock?

Avnet pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.27%. Avnet does not yet have a strong track record of dividend growth. The dividend payout ratio of Avnet is 57.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Avnet will have a dividend payout ratio of 26.27% next year. This indicates that Avnet will be able to sustain or increase its dividend.
View Avnet's dividend history.

How will Avnet's stock buyback program work?

Avnet declared that its board has approved a share repurchase plan on Monday, August 19th 2019, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 11% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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

Avnet updated its fourth quarter 2021 earnings guidance on Wednesday, May, 5th. The company provided earnings per share guidance of 0.710-0.770 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.640. The company issued revenue guidance of $4.70 billion-$5.10 billion, compared to the consensus revenue estimate of $4.63 billion.

What price target have analysts set for AVT?

5 Wall Street analysts have issued 1 year price targets for Avnet's stock. Their forecasts range from $25.00 to $53.00. On average, they expect Avnet's share price to reach $38.40 in the next year. This suggests that the stock has a possible downside of 1.1%.
View analysts' price targets for Avnet
or view top-rated stocks among Wall Street analysts.

Who are Avnet's key executives?

Avnet's management team includes the following people:
  • Mr. Philip R. Gallagher, CEO, Director & Member of Exec. Board (Age 60, Pay $928.22k)
  • Mr. Thomas Liguori, CFO & Member of Exec. Board (Age 62, Pay $866.54k)
  • Mr. Michael Ryan McCoy, Sr. VP, Gen. Counsel, Chief Legal Officer & Member of Exec. Board (Age 45)
  • Mr. Ken E. Arnold, Chief People Officer & Member of Exec. Board (Age 57)
  • Ms. Elizabeth McMullen, Global VP of Operations
  • Mr. Kenneth A. Jacobson, Corp. Controller & Principal Accounting Officer (Age 43)
  • Mr. Max Leng-Jin Chan, Chief Information Officer
  • Mr. Vincent Keenan, Sr. VP of Investor Relations & Chief of Staff
  • Heather Vana, Sr. Director of Communications
  • Ms. Jessica Daughetee, Chief Marketing Officer

Who are some of Avnet's key competitors?

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 institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (12.41%), BlackRock Inc. (9.36%), Dimensional Fund Advisors LP (4.08%), Russell Investments Group Ltd. (3.21%), Alliancebernstein L.P. (2.62%) and Victory Capital Management Inc. (1.70%). Company insiders that own Avnet stock include Dayna Badhorn, James A Lawrence, Ken E Arnold, Kenneth A Jacobson, Leng Jin Chan, Maryann G Miller, Oleg Khaykin, Philip R Gallagher and William H Schumann.
View institutional ownership trends for Avnet
.

Which major investors are selling Avnet stock?

AVT stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Victory Capital Management Inc., Franklin Resources Inc., Federated Hermes Inc., Acadian Asset Management LLC, D. E. Shaw & Co. Inc., Renaissance Technologies LLC, and Pzena Investment Management LLC. Company insiders that have sold Avnet company stock in the last year include Ken E Arnold, Kenneth A Jacobson, Leng Jin Chan, Philip R Gallagher, and William H Schumann.
View insider buying and selling activity for Avnet
or view top insider-selling stocks.

Which major investors are buying Avnet stock?

AVT stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Russell Investments Group Ltd., Royce & Associates LP, BlackRock Inc., Dimensional Fund Advisors LP, Jupiter Asset Management Ltd., Assenagon Asset Management S.A., and AQR Capital Management LLC. Company insiders that have bought Avnet stock in the last two years include Dayna Badhorn, and Oleg Khaykin.
View insider buying and selling activity for Avnet
or or view top insider-buying stocks.

How do I buy shares of Avnet?

Shares of AVT 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 $38.83.

How much money does Avnet make?

Avnet has a market capitalization of $3.86 billion and generates $17.63 billion in revenue each year. The company earns $-31,080,000.00 in net income (profit) each year or $1.54 on an earnings per share basis.

How many employees does Avnet have?

Avnet employs 14,600 workers across the globe.

What is Avnet's official website?

The official website for Avnet is www.avnet.com.

Where are Avnet's headquarters?

Avnet is headquartered at 2211 SOUTH 47TH STREET, PHOENIX AZ, 85034.

How can I contact Avnet?

Avnet's mailing address is 2211 SOUTH 47TH STREET, PHOENIX AZ, 85034. The company can be reached via phone at 480 643 2000 or via email at [email protected]


This page was last updated on 6/22/2021 by MarketBeat.com Staff
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