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 brokers have issued twelve-month target prices for Avnet's shares. Their AVT share price targets range from $40.00 to $50.00. On average, they predict the company's stock price to reach $47.40 in the next twelve months. This suggests that the stock has a possible downside of 0.1%. 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 14.1% and is now trading at $47.43. View the best growth stocks for 2023 here .

Are investors shorting Avnet?

Avnet saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 2,070,000 shares, a decrease of 11.9% from the October 31st total of 2,350,000 shares. Based on an average daily trading volume, of 531,600 shares, the days-to-cover ratio is currently 3.9 days. Approximately 2.3% of the shares of the 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) posted its earnings results on Wednesday, November, 1st. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.11. The firm earned $6.30 billion during the quarter, compared to analyst estimates of $6.35 billion. Avnet had a net margin of 3.05% and a trailing twelve-month return on equity of 15.26%. The firm's quarterly revenue was down 6.7% compared to the same quarter last year. During the same period 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, November 15th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.31 per share on Wednesday, December 20th. This represents a $1.24 annualized dividend and a dividend yield of 2.61%. The ex-dividend date 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 2.65%. 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 ETFs hold Avnet's stock?

ETFs with the largest weight of Avnet (NASDAQ:AVT) stock in their portfolio include ProShares S&P Technology Dividend Aristocrats ETF (TDV) , Invesco S&P MidCap Value with Momentum ETF (XMVM) , Cambria Value and Momentum ETF (VAMO) , Invesco S&P MidCap 400 Pure Value ETF (RFV) , Qraft AI-Enhanced Next Value ETF (NVQ) , ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM) , OneAscent Large Cap Core ETF (OALC) and AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) .

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

Avnet updated its second quarter earnings guidance on Wednesday, November, 1st. The company provided 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 , 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 .

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

$47.43

+0.67 (+1.43%)

(As of 12/1/2023 ET)

Compare

Today's Range: $46.50
▼
$47.43
50-Day Range: $45.29
▼
$48.96
52-Week Range: $39.64
▼
$51.65

Volume: 560,879 shs
Average Volume: 513,600 shs
Market Capitalization: $4.29 billion

P/E Ratio: 5.52
Dividend Yield: 2.61%
Price Target: $47.40

Avnet MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.60 Rating Score
Upside/Downside: 0.1% 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: 0.39
Based on 7 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.

2.68 out of 5 stars

Computer And Technology Sector

66th out of 594 stocks

Electronic Parts & Equipment, Not Elsewhere Classified Industry

2nd out of 6 stocks

0.8

Analyst's Opinion

Consensus Rating
Avnet has received a consensus rating of Reduce. The company's average rating score is 1.60, and is based on no buy ratings, 3 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $47.40, Avnet has a forecasted downside of 0.1% from its current price of $47.43.
Amount of Analyst Coverage
Avnet has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.31% of the float of Avnet has been sold short.
Short Interest Ratio / Days to Cover
Avnet has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Avnet has recently decreased by 11.91%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Avnet pays a meaningful dividend of 2.65%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Avnet has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Avnet is 14.44%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Avnet will have a dividend payout ratio of 18.54% next year. This indicates that Avnet will be able to sustain or increase its dividend.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Avnet 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 Sustainability
The Environmental Impact score for Avnet is -1.12.

1.9

News and Social Media Coverage

News Sentiment
Avnet has a news sentiment score of 0.39. 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 0.58 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Avnet this week, compared to 4 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 $387,387.00 in company stock.
Percentage Held by Insiders
Only 1.30% of the stock of Avnet is held by insiders.
Percentage Held by Institutions
95.34% of the stock of Avnet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

5.0

Earnings and Valuation

Earnings Growth
Earnings for Avnet are expected to grow by 16.15% in the coming year, from $5.76 to $6.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Avnet is 5.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Avnet is 5.52, 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 249.41.
Price to Earnings Growth Ratio
Avnet has a PEG Ratio of 0.56. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Avnet has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

AVT Stock News Headlines

December 1, 2023 | msn.com

Why Is Avnet (AVT) Up 3.1% Since Last Earnings Report?

November 28, 2023 | finance.yahoo.com

Insider Sell: Director James Lawrence Sells 8,190 Shares of Avnet Inc (AVT)

December 3, 2023 | DTI Trader (Ad)

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November 28, 2023 | americanbankingnews.com

Avnet, Inc. (NASDAQ:AVT) Director James A. Lawrence Sells 8,190 Shares of Stock

November 28, 2023 | americanbankingnews.com

Brokerages Set Avnet, Inc. (NASDAQ:AVT) Target Price at $47.40

November 23, 2023 | finance.yahoo.com

Insider Sell: Director James Lawrence Sells Shares of Avnet Inc (AVT)

November 23, 2023 | benzinga.com

Avnet Director Trades Company's Stock

November 21, 2023 | finance.yahoo.com

Should Value Investors Buy Avnet (AVT) Stock?

December 3, 2023 | DTI Trader (Ad)

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November 15, 2023 | finance.yahoo.com

Avnet to Participate in Upcoming Investor Conferences

November 15, 2023 | msn.com

5 Stocks to Keep a Tab On Following Upgrades by Brokers

November 14, 2023 | finance.yahoo.com

Avnet Insights Survey Shows Engineers Have Reached a Turning Point

November 3, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Technology Stocks: Q2 Holdings (QTWO), Shutterstock (SSTK) and Avnet (AVT)

November 2, 2023 | finance.yahoo.com

Avnet, Inc. (NASDAQ:AVT) Q1 2024 Earnings Call Transcript

November 2, 2023 | finance.yahoo.com

Avnet's (AVT) Q1 Earnings and Revenues Surpass Estimates

November 2, 2023 | seekingalpha.com

Avnet, Inc. 2024 Q1 - Results - Earnings Call Presentation

November 1, 2023 | finance.yahoo.com

Avnet (AVT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

November 1, 2023 | finance.yahoo.com

Avnet Inc (AVT) Reports Q1 2024 Financial Results with $6.3 Billion Sales and $2.25 EPS

November 1, 2023 | finance.yahoo.com

Avnet Reports First Quarter 2024 Financial Results

October 31, 2023 | msn.com

Avnet Q1 2024 Earnings Preview

October 31, 2023 | seekingalpha.com

Avnet: Slight Undervaluation Ahead Of Challenging Quarters

October 30, 2023 | msn.com

Diamondbacks Avnet uniform patch: What is it and why does Arizona wear it?

October 18, 2023 | finance.yahoo.com

Avnet to Report First Quarter Fiscal Year 2024 Earnings on November 1

October 15, 2023 | bizjournals.com

How Avnet's Diamondback jersey sponsorship is paying off

October 8, 2023 | finance.yahoo.com

Should You Think About Buying Avnet, Inc. (NASDAQ:AVT) Now?

September 18, 2023 | benzinga.com

Jim Cramer Says Stay Away From This Consumer Cyclical Stock, 'It's Too Dicey'

September 15, 2023 | msn.com

Lightning Round: Avnet is too cheap, hold on to it, says Jim Cramer

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: 12/02/2023
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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Electronic parts & equipment, not elsewhere classified
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:AVT
CUSIP: N/A
CIK: 8858
Web: www.avnet.com
Phone: (480) 643-2000
Fax: 480-643-7370
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: -0.1%
Consensus Rating: Reduce
Rating Score (0-4): 1.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.59
Trailing P/E Ratio: 5.52
Forward P/E Ratio: 8.23
P/E Growth: 0.56
Net Income: $770.83 million
Net Margins: 3.05%
Pretax Margin: 3.88%
Return on Equity: 15.26%
Return on Assets: 5.79%

Debt

Debt-to-Equity Ratio: 0.64
Current Ratio: 2.54
Quick Ratio: 1.20

Sales & Book Value

Annual Sales: $26.54 billion
Price / Sales: 0.16
Cash Flow: $9.94 per share
Price / Cash Flow: 4.77
Book Value: $53.30 per share
Price / Book: 0.89

Miscellaneous

Outstanding Shares: 90,490,000
Free Float: 89,309,000
Market Cap: $4.29 billion
Optionable: Optionable
Beta: 1.29

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Key Executives

Mr. Philip R. Gallagher (Age 62)
CEO, Member of Executive Board & Director
Comp: $3.61M
Mr. Kenneth A. Jacobson (Age 45)
Chief Financial Officer
Comp: $1.13M
Mr. Michael Ryan McCoy (Age 47)
Senior VP, General Counsel, Chief Legal Officer & Member of Executive Board
Comp: $1.32M
Mr. Ken E. Arnold (Age 59)
Senior VP, Chief People Officer & Member of Executive Board
Comp: $1.1M
Ms. Rebeca Obregon-Jimenez (Age 54)
Senior VP of Strategic Business Engagements & Supplier Management
Comp: $1.2M
Ms. Elizabeth A. McMullen (Age 63)
Senior Vice President of Global Operations
Mr. Leng-Jin Chan (Age 51)
Senior VP & Chief Information Officer
Comp: $847.92k
Mr. Joseph Burke
Vice President of Treasury & Investor Relations
Heather Vana
Senior Director of Communications
Mr. Ger Purcell
Senior Vice President of Information Technology

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 brokers have issued twelve-month target prices for Avnet's shares. Their AVT share price targets range from $40.00 to $50.00. On average, they predict the company's stock price to reach $47.40 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
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 14.1% and is now trading at $47.43.
View the best growth stocks for 2023 here.
Are investors shorting Avnet?: Avnet saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 2,070,000 shares, a decrease of 11.9% from the October 31st total of 2,350,000 shares. Based on an average daily trading volume, of 531,600 shares, the days-to-cover ratio is currently 3.9 days. Approximately 2.3% of the shares of the 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) posted its earnings results on Wednesday, November, 1st. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.11. The firm earned $6.30 billion during the quarter, compared to analyst estimates of $6.35 billion. Avnet had a net margin of 3.05% and a trailing twelve-month return on equity of 15.26%. The firm's quarterly revenue was down 6.7% compared to the same quarter last year. During the same period 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, November 15th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.31 per share on Wednesday, December 20th. This represents a $1.24 annualized dividend and a dividend yield of 2.61%. The ex-dividend date 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 2.65%. 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 ETFs hold Avnet's stock?: ETFs with the largest weight of Avnet (NASDAQ:AVT) stock in their portfolio include ProShares S&P Technology Dividend Aristocrats ETF (TDV), Invesco S&P MidCap Value with Momentum ETF (XMVM), Cambria Value and Momentum ETF (VAMO), Invesco S&P MidCap 400 Pure Value ETF (RFV), Qraft AI-Enhanced Next Value ETF (NVQ), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), OneAscent Large Cap Core ETF (OALC) and AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG).
What guidance has Avnet issued on next quarter's earnings?: Avnet updated its second quarter earnings guidance on Wednesday, November, 1st. The company provided 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, 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.

This page (NASDAQ:AVT) was last updated on 12/3/2023 by MarketBeat.com Staff

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

Avnet MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Avnet Stock (NASDAQ:AVT)

AVT Stock Price History

AVT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

AVT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™