Avnet, Inc. is a distributor of electronic components, enterprise computer, networking and storage products and software, information technology solutions and services, and embedded subsystems. The Company operates through two segments: Electronics Marketing (EM) and Technology Solutions (TS). The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and solutions from the technology manufacturers and software developers. It also provides hard disk drives, microprocessor, motherboard and dynamic random access memory module technologies to manufacturers of general-purpose computers and system builders. It has operations in the Americas; Europe, the Middle East and Africa (EMEA), and Asia/Pacific, consisting of Asia, Australia and New Zealand (Asia).
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Electronics Wholesale
- Sub-Industry: Technology Distributors
- Exchange: NYSE
- Symbol: AVT
- CUSIP: 05380710
- Previous Close: $46.74
- 50 Day Moving Average: $46.83
- 200 Day Moving Average: $44.01
- 52-Week Range: $38.16 - $51.50
- Trailing P/E Ratio: 15.57
- Foreward P/E Ratio: 11.81
- P/E Growth: 24.75
- Market Cap: $6.02B
- Outstanding Shares: 128,894,000
- Beta: 1.16
- Net Margins: 1.88%
- Return on Equity: 9.80%
- Return on Assets: 3.98%
Companies Related to Avnet:
- Debt-to-Equity Ratio: 0.72%
- Current Ratio: 2.30%
- Quick Ratio: 1.74%
What is Avnet's stock symbol?
Avnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVT."
How often does Avnet pay dividends? What is the dividend yield for Avnet?
Avnet declared a quarterly dividend on Friday, November 11th. Investors of record on Tuesday, December 6th will be given a dividend of $0.17 per share on Monday, December 19th. This represents a $0.68 dividend on an annualized basis and a yield of 1.45%.
Where is Avnet's stock going? Where will Avnet's stock price be in 2017?
9 brokers have issued 12-month price objectives for Avnet's stock. Their predictions range from $35.00 to $52.00. On average, they anticipate Avnet's stock price to reach $43.00 in the next year.
When will Avnet announce their earnings?
Avnet is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.
What are analysts saying about Avnet stock?
Here are some recent quotes from research analysts about Avnet stock:
According to Zacks Investment Research, "The global distributor of electronic components and computer products, Avnet posted mixed second-quarter fiscal 2017 results, wherein the bottom line beat the Zacks Consensus Estimate but the top line missed the same. However, both earnings and revenues increased on a year-over-year basis. Acquisitions form an important part of Avnet’s core strategy to bolster portfolio and expand global operations, while contributing significantly to the revenue stream. The buyout of Premier Farnell has strengthened its Electronics Marketing division’s offerings. Nonetheless, in our opinion, though the company’s last year decision to sale its Technology Solution division will allow it to focus on high growth areas such as marketing electronic components and related products in the supply chain, it will take time to reflect in the company’s bottom line performance. The stock has underperformed the broader market over the last one year." (1/30/2017)
Goldman Sachs Group, Inc. (The) analysts commented, "more limited downside to Street estimates."In comparison to the median of peers, Avnet has been down 26 percent since November 13, 2014, largely due to analyst downgrades, said Delaney. "Avnet's underperformance seems driven by reductions to Street estimates, as CY16 consensus EPS has been revised down 20 percent [...] and Avnet's results/guidance on an operating basis have been below the Street the last two quarters," said the analyst.Related Link: Tech Data's 20% Pullback Is An Overreaction; 5 Reasons Apple Revenue Could GrowDelaney appreciated Avnet's recent announcement to become "exclusive distributor for Broadcom/Avago in NA and Europe." The expansion can add up to $500 million to revenue and 5 percent to EPS "over the intermediate to long term," said the analyst.Additionally, volume is relatively high for Avnet's industry compared to last year which creates a "favorable" environment for the company. "ISM new orders index remains in the mid-50s (a good barometer for component sales historically; we estimate the ISM likely needs to average only in the low 50s in 2HCY16 for Avnet to meet our estimates)," (6/7/2016)
Who owns Avnet stock?
Avnet's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Artisan Partners Limited Partnership (3.47%), State Street Corp (3.45%), Dimensional Fund Advisors LP (3.34%), Prudential PLC (2.46%), AQR Capital Management LLC (1.81%) and FMR LLC (1.67%). Company insiders that own Avnet stock include James A Lawrence, Maryann G Miller and Steven R Phillips.
Who sold Avnet stock? Who is selling Avnet stock?
Avnet's stock was sold by a variety of institutional investors in the last quarter, including Artisan Partners Limited Partnership, FMR LLC, AQR Capital Management LLC, Renaissance Technologies LLC, Allianz Asset Management AG, Janus Capital Management LLC, Martingale Asset Management L P and Cipher Capital LP.
Who bought Avnet stock? Who is buying Avnet stock?
Avnet's stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Alyeska Investment Group L.P., Advisory Research Inc., Westwood Holdings Group Inc., Asset Management One Co. Ltd., Raymond James Financial Services Advisors Inc., Comerica Bank and Polaris Capital Management LLC.
How do I buy Avnet stock?
Shares of Avnet can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Avnet stock cost?
One share of Avnet stock can currently be purchased for approximately $46.76.