Avnet Stock Forecast, Price & News

Avnet's stock was trading at $28.28 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AVT stock has increased by 35.6% and is now trading at $38.34.
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7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 1 sell rating, 4 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Avnet stock. 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.
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Avnet is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for Avnet.

Avnet will be holding an earnings conference call on Wednesday, January 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Avnet, Inc. (NASDAQ:AVT) announced its quarterly earnings data on Wednesday, October, 28th. The company reported $0.36 EPS for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.24. The firm earned $4.72 billion during the quarter, compared to analysts' expectations of $4.05 billion. Avnet had a positive trailing twelve-month return on equity of 3.40% and a negative net margin of 0.52%.
View Avnet's earnings history.

Avnet announced a quarterly dividend on Thursday, November 19th. Investors of record on Wednesday, December 2nd will be paid a dividend of $0.21 per share on Wednesday, December 16th. This represents a $0.84 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, December 1st.
View Avnet's dividend history.

Avnet pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.14%. The dividend payout ratio of Avnet is 54.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Avnet will have a dividend payout ratio of 30.77% next year. This indicates that Avnet will be able to sustain or increase its dividend.
View Avnet's dividend history.

Avnet announced that its board has initiated a share repurchase program on Monday, August 19th 2019, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 11% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Avnet issued an update on its second quarter earnings guidance on Wednesday, October, 28th. The company provided earnings per share guidance of $0.33 to $0.43 for the period, compared to the Thomson Reuters consensus estimate of $0.32. The company issued revenue guidance of $4.00 billion to $4.40 billion, compared to the consensus revenue estimate of $4.05 billion.

7 equities research analysts have issued twelve-month price targets for Avnet's shares. Their forecasts range from $25.00 to $37.00. On average, they anticipate Avnet's stock price to reach $30.43 in the next twelve months. This suggests that the stock has a possible downside of 20.6%.
View analysts' price targets for Avnet or view Wall Street analyst' top-rated stocks.

Avnet saw a decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,870,000 shares, a decline of 27.0% from the December 15th total of 2,560,000 shares. Based on an average trading volume of 749,800 shares, the short-interest ratio is presently 2.5 days. Currently, 1.9% of the shares of the stock are short sold.
View Avnet's Short Interest.

Some companies that are related to Avnet include Arrow Electronics (ARW), VOXX International (VOXX), RADA Electronic Industries (RADA), Ituran Location and Control (ITRN), Orbital Energy Group (OEG), EACO (EACO), Richardson Electronics (RELL), Simply (AWSM), India Globalization Capital (IGC), TESSCO Technologies (TESS), Taitron Components (TAIT), Surge Components (SPRS), Universal Security Instruments (UUU), Simply (AWSMD) and (NWXJ) (NWXJ).
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Avnet trades on the NASDAQ under the ticker symbol "AVT."

Avnet's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include New York State Teachers Retirement System (0.10%), Pacer Advisors Inc. (0.04%), Fruth Investment Management (0.03%), First Hawaiian Bank (0.02%), Investors Research Corp (0.02%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Avnet stock include Dayna Badhorn, James A Lawrence, Kenneth A Jacobson, Maryann G Miller, Oleg Khaykin, Philip R Gallagher and William H Schumann.
View institutional ownership trends for Avnet.

AVT stock was sold by a variety of institutional investors in the last quarter, including New York State Teachers Retirement System, Pacer Advisors Inc., Crossmark Global Holdings Inc., First Hawaiian Bank, State of Alaska Department of Revenue, Fruth Investment Management, and Investors Research Corp.
View insider buying and selling activity for Avnet or view top insider-selling stocks.

AVT stock was purchased by a variety of institutional investors in the last quarter, including New England Research & Management Inc., Sowell Financial Services LLC, and Wedge Capital Management L L P NC. 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.

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.

One share of AVT stock can currently be purchased for approximately $38.34.

Avnet has a market capitalization of $3.79 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. Avnet employs 14,600 workers across the globe.

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

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]