Avnet Stock Forecast, Price & News

7 Wall Street 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 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 top-rated stocks.

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Avnet saw a decline in short interest during the month of February. As of February 12th, there was short interest totaling 2,360,000 shares, a decline of 35.5% from the January 28th total of 3,660,000 shares. Based on an average trading volume of 874,600 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.4% of the company's stock are short sold.
View Avnet's Short Interest.

Avnet is scheduled to release its next quarterly earnings announcement on Monday, April 26th 2021.
View our earnings forecast for Avnet.

Avnet, Inc. (NASDAQ:AVT) posted its quarterly earnings data on Tuesday, January, 26th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.39 by $0.09. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.26 billion. Avnet had a positive trailing twelve-month return on equity of 3.40% and a negative net margin of 0.52%. The firm's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 EPS.
View Avnet's earnings history.

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 33.0% and is now trading at $37.60.
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Avnet announced a quarterly dividend on Thursday, February 18th. Shareholders of record on Wednesday, March 10th will be given a dividend of $0.21 per share on Wednesday, March 24th. This represents a $0.84 annualized dividend and a yield of 2.23%. The ex-dividend date is Tuesday, March 9th.
View Avnet's dividend history.

Avnet pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.19%. Avnet does not yet have a strock track record of dividend growth. 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 declared that its board has authorized 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 repurchase up to 11% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Avnet updated its third quarter earnings guidance on Wednesday, January, 27th. The company provided earnings per share (EPS) guidance of $0.52 to $0.58 for the period, compared to the Thomson Reuters consensus estimate of $0.49. The company issued revenue guidance of $4.3 billion to $4.7 billion, compared to the consensus revenue estimate of $4.25 billion.

7 brokerages have issued 12 month price targets for Avnet's shares. Their forecasts range from $25.00 to $47.00. On average, they anticipate Avnet's share price to reach $33.43 in the next twelve months. This suggests that the stock has a possible downside of 11.1%.
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Some companies that are related to Avnet include Arrow Electronics (ARW), RADA Electronic Industries (RADA), Ituran Location and Control (ITRN), VOXX International (VOXX), Orbital Energy Group (OEG), EACO (EACO), Richardson Electronics (RELL), India Globalization Capital (IGC), Simply (AWSM), TESSCO Technologies (TESS), Taitron Components (TAIT), Surge Components (SPRS), Universal Security Instruments (UUU), Simply (AWSMD) and (NWXJ) (NWXJ).
View all of AVT's competitors.

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 investors include Pzena Investment Management LLC (12.63%), BlackRock Inc. (8.73%), Dimensional Fund Advisors LP (3.76%), Principal Financial Group Inc. (2.99%), Victory Capital Management Inc. (2.10%) and First Trust Advisors LP (2.00%). 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 Janus Henderson Group PLC, Nuveen Asset Management LLC, Lord Abbett & CO. LLC, BlackRock Inc., Renaissance Technologies LLC, Fort Washington Investment Advisors Inc. OH, Panagora Asset Management Inc., and Comerica Bank. Company insiders that have sold Avnet company stock in the last year include Maryann G Miller, and William H Schumann.
View insider buying and selling activity for Avnet or view top insider-selling stocks.

AVT stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Victory Capital Management Inc., Norges Bank, Russell Investments Group Ltd., Pzena Investment Management LLC, SummerHaven Investment Management LLC, Federated Hermes Inc., and SG 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.

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.
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One share of AVT stock can currently be purchased for approximately $37.60.

Avnet has a market capitalization of $3.74 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 is headquartered at 2211 SOUTH 47TH STREET, PHOENIX AZ, 85034.

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]