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NASDAQ:AVT

Avnet Stock Forecast, Price & News

$38.34
-0.88 (-2.24 %)
(As of 01/26/2021 10:27 AM ET)
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Compare
Today's Range
$38.13
Now: $38.34
$39.09
50-Day Range
$33.51
MA: $36.35
$40.39
52-Week Range
$17.85
Now: $38.34
$42.30
Volume6,879 shs
Average Volume980,454 shs
Market Capitalization$3.79 billion
P/E RatioN/A
Dividend Yield2.14%
Beta1.5
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.

MarketRank

Overall MarketRank

1.77 out of 5 stars

Computer And Technology Sector

142nd out of 1,501 stocks

Electronic Parts & Equipment, Not Elsewhere Classified Industry

2nd out of 23 stocks

Analyst Opinion: 1.1Community Rank: 0.0Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Electronic parts & equipment, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:AVT
CUSIPN/A
CIKN/A
Phone480 643 2000
Employees14,600
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$17.63 billion
Cash Flow$5.44 per share
Book Value$37.72 per share

Profitability

Net Income$-31,080,000.00

Miscellaneous

Market Cap$3.79 billion
Next Earnings Date1/27/2021 (Confirmed)
OptionableOptionable
$38.34
-0.88 (-2.24 %)
(As of 01/26/2021 10:27 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Avnet (NASDAQ:AVT) Frequently Asked Questions

How has Avnet's stock been impacted by COVID-19 (Coronavirus)?

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.
View which stocks have been most impacted by COVID-19
.

Is Avnet a buy right now?

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.
View analyst ratings for Avnet
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Avnet?

Wall Street analysts have given Avnet a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Avnet wasn't one of them. MarketBeat thinks these five stocks 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 Wednesday, January 27th 2021.
View our earnings forecast for Avnet
.

How can I listen to Avnet's earnings call?

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.

How were Avnet's earnings last quarter?

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
.

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

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
.

Is Avnet a good dividend stock?

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.

How will Avnet's stock buyback program work?

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.

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

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.

What price target have analysts set for AVT?

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.

Are investors shorting Avnet?

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
.

Who are some of Avnet's key competitors?

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. Beth 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

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 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
.

Which institutional investors are selling Avnet stock?

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.

Which institutional investors are buying Avnet stock?

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.

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.

What is Avnet's stock price today?

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

How big of a company is Avnet?

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.

What is Avnet's official website?

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

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 1/26/2021 by MarketBeat.com Staff

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