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

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.

5 equities research analysts have issued 1-year price targets for Avnet's shares. Their AVT share price targets range from $40.00 to $50.00. On average, they anticipate the company's share price to reach $47.40 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
View analysts price targets for AVT or view top-rated stocks among Wall Street analysts.

Avnet's stock was trading at $41.58 at the beginning of 2023. Since then, AVT stock has increased by 10.7% and is now trading at $46.01.
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Avnet saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 2,070,000 shares, a decline 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 company's stock are short sold.
View Avnet's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our AVT earnings forecast.

Avnet, Inc. (NASDAQ:AVT) released its quarterly earnings data on Wednesday, November, 1st. The company reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.11. The firm had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.35 billion. Avnet had a trailing twelve-month return on equity of 15.26% and a net margin of 3.05%. The business's quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 earnings per share.

Avnet announced a quarterly dividend on Wednesday, November 15th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.31 per share on Wednesday, December 20th. This represents a $1.24 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, December 5th.
Read our dividend analysis for AVT.

Avnet (NASDAQ:AVT) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.61%. 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.

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).

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 earnings per share 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.

Avnet's stock is owned by a variety of institutional and retail 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, Philip R Gallagher, Philip R Gallagher, Thomas Liguori and William H Schumann.
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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.
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