Avnet Company Profile (NYSE:AVT)

About Avnet

Avnet logoAvnet, 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
Key Metrics:
  • Previous Close: $46.52
  • 50 Day Moving Average: $46.789
  • 200 Day Moving Average: $44.159
  • 52-Week Range: $38.16 - $51.50
  • Trailing P/E Ratio: 15.440
  • Foreward P/E Ratio: 11.69
  • P/E Growth: 24.750
  • Market Cap: $5.97B
  • Outstanding Shares: 128,894,000
  • Beta: 1.16
  • Net Margins: 1.88%
  • Return on Equity: 9.80%
  • Return on Assets: 3.98%
  • Debt-to-Equity Ratio: 0.72%
  • Current Ratio: 2.30%
  • Quick Ratio: 1.74%
Additional Links:
Companies Related to Avnet:

Analyst Ratings

Consensus Ratings for Avnet (NYSE:AVT) (?)
Ratings Breakdown: 2 Sell Ratings, 4 Hold Ratings, 2 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Hold (Score: 2.22)
Consensus Price Target: $43.00 (7.13% downside)

Analysts' Ratings History for Avnet (NYSE:AVT)
DateFirmActionRatingPrice TargetDetails
1/3/2017Brean CapitalReiterated RatingHoldView Rating Details
10/21/2016Longbow ResearchUpgradeNeutral -> BuyView Rating Details
10/4/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$52.00View Rating Details
9/22/2016Citigroup Inc.Lower Price TargetSell$37.00 -> $35.00View Rating Details
9/20/2016Cross ResearchDowngradeHold -> SellView Rating Details
9/20/2016Stifel NicolausDowngradeBuy -> Hold$47.00 -> $44.00View Rating Details
6/25/2016SunTrust Banks, Inc.Reiterated RatingBuyView Rating Details
6/7/2016Goldman Sachs Group, Inc. (The)UpgradeSell -> Neutral$39.00 -> $41.00View Rating Details
4/27/2016Bank of America CorpInitiated CoverageNeutralView Rating Details
1/31/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
(Data available from 2/23/2015 forward)


Earnings History for Avnet (NYSE:AVT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/26/2017Q217$0.75$0.77$4.38 billion$4.27 billionViewN/AView Earnings Details
10/27/2016Q117$0.90$0.91$6.10 billion$6.04 billionViewListenView Earnings Details
8/10/2016Q416$0.88$0.86$6.21 billion$6.20 billionViewListenView Earnings Details
4/28/2016Q316$0.98$1.01$6.31 billion$6.17 billionViewListenView Earnings Details
1/28/2016Q216$1.25$1.22$7.25 billion$6.85 billionViewListenView Earnings Details
10/29/2015Q1$1.03$1.12$6.74 billion$6.97 billionViewListenView Earnings Details
8/5/2015Q415$1.08$1.16$6.90 billion$6.80 billionViewN/AView Earnings Details
4/23/2015Q315$1.07$1.04$6.87 billion$6.74 billionViewN/AView Earnings Details
1/22/2015Q215$1.21$1.27$7.35 billion$7.55 billionViewN/AView Earnings Details
10/23/2014Q115$0.97$1.02$6.71 billion$6.84 billionViewListenView Earnings Details
8/6/2014Q414$1.10$1.14$6.94 billion$7.05 billionViewN/AView Earnings Details
4/24/2014Q314$1.08$1.03$6.93 billion$6.68 billionViewN/AView Earnings Details
1/22/2014Q214$1.10$1.17$6.97 billion$7.42 billionViewN/AView Earnings Details
10/24/2013Q214$0.88$0.90$6.38 billion$6.35 billionViewListenView Earnings Details
8/7/2013Q4 2013$0.96$0.98$6.48 billion$6.59 billionViewN/AView Earnings Details
4/25/2013Q3 2013$0.87$0.90$6.21 billion$6.30 billionViewListenView Earnings Details
1/24/2013Q2 2013$0.83$1.01$6.24 billion$6.70 billionViewN/AView Earnings Details
10/25/2012$0.60$0.59ViewN/AView Earnings Details
8/8/2012$1.08$0.99ViewN/AView Earnings Details
4/26/2012$0.99$1.03ViewN/AView Earnings Details
1/26/2012$1.04$1.15ViewN/AView Earnings Details
10/27/2011$0.92$0.90ViewN/AView Earnings Details
4/28/2011$0.99$1.10ViewN/AView Earnings Details
1/27/2011$1.04$1.07ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Avnet (NYSE:AVT)
Current Year EPS Consensus Estimate: $3.29 EPS
Next Year EPS Consensus Estimate: $3.96 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.98$0.98$0.98
Q2 20161$1.29$1.29$1.29
Q3 20161$1.03$1.03$1.03
Q4 20162$0.83$0.83$0.83
Q1 20172$0.89$0.91$0.90
Q2 20172$0.74$1.13$0.94
Q3 20172$0.73$0.85$0.79
Q4 20173$0.82$1.18$0.98
Q1 20183$0.90$1.02$0.97
Q2 20182$0.89$1.09$0.99
Q3 20183$1.00$1.13$1.07
Q4 20182$1.12$1.25$1.19
Q1 20191$1.33$1.33$1.33
(Data provided by Zacks Investment Research)


Current Dividend Information for Avnet (NYSE:AVT)
Annual Dividend:$0.68
Dividend Yield:1.47%
Dividend Growth:31.40% (3 Year Average)
Payout Ratio:22.59% (Based on Trailing 12 Months of Earnings)
20.67% (Based on Current Year Consensus EPS Estimate)
17.17% (Based on Next Year Consensus EPS Estimate)
Track Record:3 Years of Consecutive Dividend Growth

Dividend History for Avnet (NYSE:AVT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Avnet (NYSE:AVT)
Insider Ownership Percentage: 1.47%
Institutional Ownership Percentage: 94.97%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/10/2015James A LawrenceDirectorBuy46,700$42.60$1,989,420.00View SEC Filing  
9/9/2015Maryann G MillerSVPSell9,562$42.45$405,906.90View SEC Filing  
2/25/2015Steven R PhillipsSVPSell6,455$46.30$298,866.50View SEC Filing  
2/18/2015Steven R PhillipsSVPSell3,154$45.16$142,434.64View SEC Filing  
11/14/2014Steven R PhillipsSVPSell5,474$42.88$234,725.12View SEC Filing  
11/7/2014Gerard FaySVPSell2,420$43.60$105,512.00View SEC Filing  
8/11/2014James A LawrenceDirectorBuy191,000$41.43$7,913,130.00View SEC Filing  
5/6/2014Steven PhillipsSVPSell12,398$42.15$522,575.70View SEC Filing  
4/29/2014Gerard FaySVPSell3,036$42.96$130,426.56View SEC Filing  
4/7/2014Richard HamadaCEOSell9,856$46.07$454,065.92View SEC Filing  
3/4/2014Ray RobinsonDirectorSell3,800$43.38$164,844.00View SEC Filing  
1/30/2014Frank NoonanDirectorSell3,003$41.23$123,813.69View SEC Filing  
11/15/2013Harley FeldbergSVPSell11,500$42.00$483,000.00View SEC Filing  
11/12/2013Richard HamadaCEOSell15,843$40.97$649,087.71View SEC Filing  
10/31/2013Ray M RobinsonDirectorSell2,300$40.00$92,000.00View SEC Filing  
10/30/2013Harley FeldbergSVPSell12,171$40.00$486,840.00View SEC Filing  
8/28/2013Maryann MillerVPSell11,000$39.13$430,430.00View SEC Filing  
8/23/2013Gerard FayVPSell1,367$39.44$53,914.48View SEC Filing  
8/20/2013Harley FeldbergSVPSell29,000$39.72$1,151,880.00View SEC Filing  
8/19/2013Steven PhillipsSVPSell5,433$39.00$211,887.00View SEC Filing  
8/16/2013Ray RobinsonDirectorSell1,025$38.79$39,759.75View SEC Filing  
8/15/2013Philip GallagherSVPSell8,300$39.05$324,115.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Avnet (NYSE:AVT)
News IconIndicator Level Summary for Avnet Inc (AVT) - Baldwin Journal (NYSE:AVT)
baldwinjournal.com - February 23 at 3:46 PM
News IconWhat are Analyst's Indicators for Avnet, Inc. (AVT), Intrexon Corporation (XON) - The USA Commerce (NYSE:AVT)
www.theusacommerce.com - February 23 at 3:46 PM
finance.yahoo.com logoAvnet Strengthens UltraZed Design Ecosystem with UltraZed PCIe Carrier Card and Reference Platforms (NYSE:AVT)
finance.yahoo.com - February 23 at 3:45 PM
nasdaq.com logoAvnet (AVT) Advances in IoT, Offers New Service with relayr - Nasdaq (NYSE:AVT)
www.nasdaq.com - February 22 at 8:47 PM
News IconAnalyst Research and Ratings: Rite Aid Corporation (RAD), Wells Fargo & Company (NYSE:AVT)
hoyentv.com - February 22 at 11:18 AM
zacks.com logoAvnet (AVT) Advances in IoT, Offers New Service with relayr (NYSE:AVT)
www.zacks.com - February 22 at 11:18 AM
4-traders.com logoAvnet : Jeff Bawol and Sergio Farache Recognized as 2017 CRN Channel Chiefs (NYSE:AVT)
www.4-traders.com - February 21 at 4:01 PM
finance.yahoo.com logoAvnet and relayr Empower Partners to Turn Ideas into IoT Prototypes in Five Weeks (NYSE:AVT)
finance.yahoo.com - February 21 at 4:01 PM
News IconAvnet, Inc. (AVT), Steel Dynamics, Inc. (STLD) Stock Eyes Ahead of Earnings - The USA Commerce (NYSE:AVT)
www.theusacommerce.com - February 21 at 10:26 AM
News IconEarnings Analysis & Update for Avnet, Inc. (NYSE:AVT)? - Aiken Advocate (NYSE:AVT)
aikenadvocate.com - February 20 at 3:39 PM
News IconTraders Secrets on Amkor Technology, Inc. (AMKR), Avnet, Inc. (AVT ... - StockNewsJournal (NYSE:AVT)
stocknewsjournal.com - February 20 at 3:39 PM
finance.yahoo.com logoAvnet Introduces New Security Assessments at HIMSS17 (NYSE:AVT)
finance.yahoo.com - February 20 at 3:39 PM
finance.yahoo.com logoAvnet’s Jeff Bawol and Sergio Farache Recognized as 2017 CRN Channel Chiefs (NYSE:AVT)
finance.yahoo.com - February 20 at 3:39 PM
marketexclusive.com logoAVNET, INC. (NYSE:AVT) Files An 8-K Departure of Directors or Certain Officers ... (NYSE:AVT)
marketexclusive.com - February 17 at 6:23 PM
biz.yahoo.com logoAVNET INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits (NYSE:AVT)
biz.yahoo.com - February 16 at 8:51 PM
istreetwire.com logo3 Stocks in Focus: Juno Therapeutics, Inc. (JUNO), Avnet, Inc. (AVT ... - iStreetWire (NYSE:AVT)
istreetwire.com - February 16 at 3:49 PM
News IconLookout for Price Target? Juno Therapeutics, Inc. (JUNO), Avnet, Inc. (AVT) - StockNewsJournal (NYSE:AVT)
stocknewsjournal.com - February 16 at 3:49 PM
uk.finance.yahoo.com logoAvnet and IBM Advance IoT Solutions with Joint Development Lab (NYSE:AVT)
uk.finance.yahoo.com - February 16 at 3:49 PM
finance.yahoo.com logoAvnet Named to FORTUNE Magazine’s “Most Admired Companies” (NYSE:AVT)
finance.yahoo.com - February 16 at 3:49 PM
247wallst.com logo4 Top Semiconductor Analyst Picks as Sector Remains Red Hot (NYSE:AVT)
247wallst.com - February 16 at 8:39 AM
finance.yahoo.com logoAvnet Announces Leadership Changes (NYSE:AVT)
finance.yahoo.com - February 16 at 8:39 AM
finance.yahoo.com logoAvnet Joins Amazon Web Services Authorized Government Reseller Program (NYSE:AVT)
finance.yahoo.com - February 14 at 4:25 PM
News IconConsensus Take: Avnet, Inc. (NYSE:AVT) Earnings & Ratings Watch - Aiken Advocate (NYSE:AVT)
aikenadvocate.com - February 13 at 9:17 PM
News IconShares of Avnet, Inc. (AVT) Sees Large Inflow of Net Money Flow - Highland Mirror (NYSE:AVT)
www.highlandmirror.com - February 13 at 9:17 PM
News IconAvnet Signs Global Contract to Deliver Lenovos Training Program (NYSE:AVT)
www.pressreleasepoint.com - February 10 at 9:18 PM
News IconCompany in Focus: Avnet, Inc. (NYSE:AVT) - The Standard (NYSE:AVT)
6milestandard.com - February 9 at 3:54 PM
News IconBuy, Sell or Hold? Analysts Approach: Wynn Resorts, Limited (WYNN), Avnet, Inc. (AVT)? - The USA Commerce (NYSE:AVT)
www.theusacommerce.com - February 9 at 3:54 PM
News IconAvnet Adds Training for Certain Lenovo Products (NYSE:AVT)
www.channelpartnersonline.com - February 9 at 1:46 AM
us.rd.yahoo.com logoAvnet Signs Global Contract to Deliver Lenovo’s Training Program (NYSE:AVT)
us.rd.yahoo.com - February 9 at 1:46 AM
realistinvestor.com logoResearch Analysts Set Avnet, Inc. (NYSE:AVT) Price Target at $49.75 - RealistInvestor.com (NYSE:AVT)
www.realistinvestor.com - February 8 at 3:38 PM
News IconStock in Focus: Avnet, Inc. (NYSE:AVT) - Baldwin Journal (NYSE:AVT)
baldwinjournal.com - February 8 at 3:38 PM
finance.yahoo.com logoAvnet to Present at the Goldman Sachs Technology and Internet Conference 2017 and the Raymond James & Associates’ 38th Annual Institutional Investors Conference (NYSE:AVT)
finance.yahoo.com - February 7 at 9:42 PM
capitalcube.com logoETFs with exposure to Avnet, Inc. : February 2, 2017 (NYSE:AVT)
www.capitalcube.com - February 2 at 3:49 PM
finance.yahoo.com logoAVNET INC Financials (NYSE:AVT)
finance.yahoo.com - February 2 at 3:49 PM
News IconFirms & Funds Maintain Significant Positions In Avnet, Inc. (NYSE:AVT) - Wall Street Beacon (NYSE:AVT)
wsbeacon.com - February 1 at 3:55 PM
News IconStock Dragged Lower Ahead of Market Open: Avnet, Inc. (NYSE:AVT) - Aiken Advocate (NYSE:AVT)
aikenadvocate.com - January 30 at 4:47 PM
capitalcube.com logoAvnet, Inc. :AVT-US: Earnings Analysis: Q2, 2017 By the Numbers : January 30, 2017 (NYSE:AVT)
www.capitalcube.com - January 30 at 4:47 PM
istreetwire.com logo3 Stocks in Focus: Avnet, Inc. (AVT), Cousins Properties Incorporated (CUZ), CONSOL Energy Inc. (CNX) - iStreetWire (NYSE:AVT)
istreetwire.com - January 27 at 9:55 PM
News IconWhat are the Levels Showing for Shares of Avnet Inc. (AVT) - Springdale Times (NYSE:AVT)
springdaletimes.com - January 27 at 4:54 PM
News IconStock in Spotlight: CubeSmart (NYSE:CUBE), Avnet, Inc. (NYSE:AVT) - The Newburgh Press (NYSE:AVT)
newburghpress.com - January 27 at 4:54 PM
finance.yahoo.com logoAvnet (AVT) Beats Q2 Earnings Estimates, Misses Revenues (NYSE:AVT)
finance.yahoo.com - January 27 at 4:54 PM
capitalcube.com logoAvnet, Inc. : AVT-US: Dividend Analysis : December 06th, 2016 (record date) : By the numbers : January 27, 2017 (NYSE:AVT)
www.capitalcube.com - January 27 at 4:54 PM
finance.yahoo.com logoEdited Transcript of AVT earnings conference call or presentation 26-Jan-17 3:00pm GMT (NYSE:AVT)
finance.yahoo.com - January 27 at 2:19 AM
4-traders.com logoAvnet : tops 2Q profit forecasts (NYSE:AVT)
www.4-traders.com - January 26 at 9:18 PM
rttnews.com logoEARNINGS SUMMARY: Details of Avnet Inc Q2 Earnings Report (NYSE:AVT)
www.rttnews.com - January 26 at 9:18 PM
us.rd.yahoo.com logoAvnet Reports Second Quarter Fiscal Year 2017 Results (NYSE:AVT)
us.rd.yahoo.com - January 26 at 9:17 PM
biz.yahoo.com logoAVNET INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits (NYSE:AVT)
us.rd.yahoo.com - January 26 at 9:17 PM
biz.yahoo.com logoQ2 2017 Avnet Inc Earnings Release - Before Market Open (NYSE:AVT)
us.rd.yahoo.com - January 26 at 9:17 PM
us.rd.yahoo.com logo7:12 am Avnet beats by $0.02, misses on revs; guides Q3 EPS in-line, revs in-line (NYSE:AVT)
us.rd.yahoo.com - January 26 at 9:17 PM
News IconEarnings in Full Force, Analysts Take Aim at Avnet, Inc. (NYSE:AVT) - Wall Street Beacon (NYSE:AVT)
wsbeacon.com - January 26 at 4:15 PM


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. Shareholders 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 1.47%.

Where is Avnet's stock going? Where will Avnet's stock price be in 2017?

9 equities research analysts have issued twelve-month price objectives for Avnet's stock. Their forecasts 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 acquired 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 $46.30.

Avnet (NYSE:AVT) Chart for Thursday, February, 23, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Avnet (NYSE:AVT)

Earnings History Chart

Earnings by Quarter for Avnet (NYSE:AVT)

Dividend History Chart

Dividend Payments by Quarter for Avnet (NYSE:AVT)

Last Updated on 2/23/2017 by MarketBeat.com Staff