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T   16.93 (-0.29%)
F   12.99 (+4.34%)
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NASDAQ:AVT

Avnet (AVT) Stock Price, News & Analysis

$47.74
+0.17 (+0.36%)
(As of 12:09 PM ET)
Today's Range
$47.49
$48.19
50-Day Range
$43.95
$50.89
52-Week Range
$39.64
$51.65
Volume
103,427 shs
Average Volume
601,997 shs
Market Capitalization
$4.31 billion
P/E Ratio
6.59
Dividend Yield
2.60%
Price Target
$45.50

Avnet MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
4.4% Downside
$45.50 Price Target
Short Interest
Bearish
3.20% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.12
Upright™ Environmental Score
News Sentiment
1.16mentions of Avnet in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.00%
From $5.25 to $6.09 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.41 out of 5 stars

Computer And Technology Sector

123rd out of 595 stocks

Electronic Parts & Equipment, Not Elsewhere Classified Industry

3rd out of 7 stocks


AVT stock logo

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

AVT Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Avnet Declares Regular Quarterly Dividend
Avnet Declares Regular Quarterly Dividend
Is Avnet’s (AVT) KPI Favorable?
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Richard Pzena Increases Stake in Avnet Inc
Avnet: Struggles Persist And Valuation Reflects That
New Strong Sell Stocks for February 5th
Dollar scales fresh peaks as Fed cut bets recede
Avnet price target lowered by $5 at BofA, here's why
Avnet, Inc. (NASDAQ:AVT) Q2 2024 Earnings Call Transcript
Avnet's (AVT) Q2 Earnings and Revenues Surpass Estimates
Q2 2024 Avnet Inc Earnings Call
Avnet Q2 Net Income Declines
See More Headlines
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Company Calendar

Ex-Dividend for 12/20 Dividend
12/05/2023
Dividend Payable
12/20/2023
Last Earnings
1/31/2024
Today
3/04/2024
Ex-Dividend for 3/20 Dividend
3/05/2024
Dividend Payable
3/20/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Electronic parts & equipment, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:AVT
CIK
8858
Employees
15,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$45.50
High Stock Price Target
$50.00
Low Stock Price Target
$40.00
Potential Upside/Downside
-4.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
4 Analysts

Profitability

Net Income
$770.83 million
Pretax Margin
3.37%

Debt

Sales & Book Value

Annual Sales
$26.54 billion
Cash Flow
$9.81 per share
Book Value
$55.45 per share

Miscellaneous

Free Float
89,189,000
Market Cap
$4.30 billion
Optionable
Optionable
Beta
1.23
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Key Executives















AVT Stock Analysis - Frequently Asked Questions

Should I buy or sell Avnet stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street 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?

4 analysts have issued 12-month target prices for Avnet's stock. Their AVT share price targets range from $40.00 to $50.00. On average, they anticipate the company's share price to reach $45.50 in the next twelve months. This suggests that the stock has a possible downside of 4.4%.
View analysts price targets for AVT
or view top-rated stocks among Wall Street analysts.

How have AVT shares performed in 2024?

Avnet's stock was trading at $50.40 at the beginning of the year. Since then, AVT shares have decreased by 5.6% and is now trading at $47.57.
View the best growth stocks for 2024 here
.

Are investors shorting Avnet?

Avnet saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 2,870,000 shares, an increase of 18.6% from the January 31st total of 2,420,000 shares. Based on an average daily trading volume, of 570,400 shares, the short-interest ratio is currently 5.0 days. Currently, 3.2% of the shares of the company are short sold.
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, May 1st 2024.
View our AVT earnings forecast
.

How were Avnet's earnings last quarter?

Avnet, Inc. (NASDAQ:AVT) released its quarterly earnings results on Wednesday, January, 31st. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.01. The business had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.15 billion. Avnet had a net margin of 2.62% and a trailing twelve-month return on equity of 13.60%. During the same quarter last year, the firm earned $2.00 earnings per share.

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

Avnet declared a quarterly dividend on Thursday, February 15th. Shareholders of record on Wednesday, March 6th will be paid a dividend of $0.31 per share on Wednesday, March 20th. This represents a $1.24 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Tuesday, March 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 2.61%. 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 17.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVT will have a dividend payout ratio of 20.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVT.

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

Avnet issued an update on its third quarter 2024 earnings guidance on Wednesday, January, 31st. The company provided earnings per share guidance of 1.050-1.150 for the period, compared to the consensus EPS estimate of 1.340. The company issued revenue guidance of $5.6 billion-$5.9 billion, compared to the consensus revenue estimate of $5.9 billion.

Who are Avnet's major shareholders?

Avnet's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.54%), Pzena Investment Management LLC (9.55%), Dimensional Fund Advisors LP (6.92%), Greenhaven Associates Inc. (4.24%), LSV Asset Management (3.32%) and Allianz Asset Management GmbH (1.20%). Insiders that own company stock include 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.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:AVT) was last updated on 3/4/2024 by MarketBeat.com Staff