NYSE:AVT - Avnet Stock Price, News, & Analysis

$43.34
-1.08 (-2.43 %)
(As of 06/16/2019 04:00 PM ET)
Today's Range
$43.26
Now: $43.34
$44.28
50-Day Range
$40.84
MA: $44.27
$48.61
52-Week Range
$33.55
Now: $43.34
$49.40
Volume515,614 shs
Average Volume693,746 shs
Market Capitalization$4.61 billion
P/E RatioN/A
Dividend Yield1.80%
BetaN/A
Avnet, Inc, together with its subsidiaries, distributes electronic components worldwide. The company operates through two segments, Electronic Components and Premier Farnell. The Electronic Components segment markets and sells semiconductors; electronic components, including interconnect, passive and electromechanical devices; and other integrated components from electronic component manufacturers. Read More…

Industry, Sector and Symbol

Industry Electronic parts & equipment, not elsewhere classified
Sub-IndustryTechnology Distributors
SectorComputer and Technology
CUSIP05380710
CIK8858
Phone480-643-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Market Cap$4.61 billion
Next Earnings Date8/14/2019 (Estimated)
OptionableOptionable

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Avnet (NYSE:AVT) Frequently Asked Questions

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 Tuesday, May 21st. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.20 per share on Wednesday, June 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Tuesday, June 4th. View Avnet's Dividend History.

How will Avnet's stock buyback program work?

Avnet declared that its Board of Directors has authorized a stock repurchase program on Wednesday, August 29th 2018, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 10.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) released its earnings results on Thursday, April, 25th. The technology company reported $1.09 EPS for the quarter, beating the Zacks' consensus estimate of $1.08 by $0.01. The technology company had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.75 billion. The company's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.02 EPS. View Avnet's Earnings History.

When is Avnet's next earnings date?

Avnet is scheduled to release their next quarterly earnings announcement on Wednesday, August 14th 2019. View Earnings Estimates for Avnet.

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

Avnet updated its fourth quarter earnings guidance on Thursday, April, 25th. The company provided earnings per share (EPS) guidance of $1.00-1.08 for the period, compared to the Thomson Reuters consensus estimate of $1.08. The company issued revenue guidance of $4.5-4.9 billion, compared to the consensus revenue estimate of $4.81 billion.

What price target have analysts set for AVT?

5 brokers have issued twelve-month target prices for Avnet's stock. Their predictions range from $44.00 to $55.00. On average, they anticipate Avnet's share price to reach $48.60 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price. View Analyst Price Targets for Avnet.

What is the consensus analysts' recommendation for Avnet?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avnet.

Has Avnet been receiving favorable news coverage?

Media coverage about AVT stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avnet earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Avnet.

Who are some of Avnet's key competitors?

What other stocks do shareholders of Avnet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Avnet investors own include Intel (INTC), QUALCOMM (QCOM), Cisco Systems (CSCO), Adobe (ADBE), Netflix (NFLX), Best Buy (BBY), Xilinx (XLNX), Arrow Electronics (ARW), Nike (NKE) and Advanced Micro Devices (AMD).

Who are Avnet's key executives?

Avnet's management team includes the folowing people:
  • Mr. William Joseph Amelio, CEO, Member of Exec. Board & Director (Age 60)
  • Ms. MaryAnn G. Miller, Sr. VP, Chief HR Officer & Global Marketing & Communications and Member of Exec. Board (Age 61)
  • Mr. Michael J. O'Neill, Sr. VP, Gen. Counsel, Chief Legal Officer & Member of Exec. Board (Age 62)
  • Mr. Peter G. Bartolotta, Sr. VP, Chief Transformation Officer & Member of Exec. Board (Age 58)
  • Mr. Thomas Liguori, CFO & Member of Exec. Board (Age 59)

Who are Avnet's major shareholders?

Avnet's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.69%), Pzena Investment Management LLC (7.08%), FMR LLC (3.07%), AJO LP (2.61%), Janus Henderson Group PLC (2.46%) and LSV Asset Management (2.08%). Company insiders that own Avnet stock include Amelio J William, J Veronica Biggins, James A Lawrence, Kenneth A Jacobson, Kevin V Summers, Maryann G Miller and Philip R Gallagher. View Institutional Ownership Trends for Avnet.

Which institutional investors are selling Avnet stock?

AVT stock was sold by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Janus Henderson Group PLC, Boston Partners, BNP Paribas Arbitrage SA, Becker Capital Management Inc., Victory Capital Management Inc., First Pacific Advisors LP and Jacobs Levy Equity Management Inc.. Company insiders that have sold Avnet company stock in the last year include James A Lawrence, Kenneth A Jacobson, Maryann G Miller and Philip R Gallagher. View Insider Buying and Selling for Avnet.

Which institutional investors are buying Avnet stock?

AVT stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Westfield Capital Management Co. LP, Parkwood LLC, JPMorgan Chase & Co., First Trust Advisors LP, Wells Fargo & Company MN, Callodine Capital Management LP and Menta Capital LLC. View Insider Buying and Selling for Avnet.

How do I buy shares of Avnet?

Shares of AVT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Avnet's stock price today?

One share of AVT stock can currently be purchased for approximately $43.34.

How big of a company is Avnet?

Avnet has a market capitalization of $4.61 billion. View Additional Information About Avnet.

What is Avnet's official website?

The official website for Avnet is http://www.avnet.com/.

How can I contact Avnet?

Avnet's mailing address is 2211 SOUTH 47TH STREET, PHOENIX AZ, 85034. The technology company can be reached via phone at 480-643-2000 or via email at [email protected]


MarketBeat Community Rating for Avnet (NYSE AVT)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  246 (Thanks for Voting!)
Underperform Votes:  346 (Thanks for Voting!)
Total Votes:  592
MarketBeat's community ratings are surveys of what our community members think about Avnet and other stocks. Vote "Outperform" if you believe AVT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AVT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/16/2019 by MarketBeat.com Staff

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