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NYSE:AVT - Avnet Stock Price, Forecast & News

$42.29
-0.33 (-0.77 %)
(As of 12/13/2019 04:00 PM ET)
Today's Range
$42.13
Now: $42.29
$42.98
50-Day Range
$39.13
MA: $40.76
$42.60
52-Week Range
$33.55
Now: $42.29
$49.03
Volume669,737 shs
Average Volume782,927 shs
Market Capitalization$4.27 billion
P/E RatioN/A
Dividend Yield1.97%
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$4.27 billion
Next Earnings Date1/23/2020 (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 announced a quarterly dividend on Tuesday, November 19th. Investors of record on Wednesday, December 4th will be given a dividend of $0.21 per share on Friday, December 20th. This represents a $0.84 annualized dividend and a yield of 1.99%. The ex-dividend date is Tuesday, December 3rd. View Avnet's Dividend History.

How will Avnet's stock buyback program work?

Avnet declared that its board has approved a stock repurchase program on Monday, August 19th 2019, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 11% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) posted its earnings results on Thursday, October, 24th. The technology company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.05. The technology company earned $4.63 billion during the quarter, compared to the consensus estimate of $4.56 billion. Avnet's quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 EPS. View Avnet's Earnings History.

When is Avnet's next earnings date?

Avnet is scheduled to release their next quarterly earnings announcement on Thursday, January 23rd 2020. View Earnings Estimates for Avnet.

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

Avnet updated its second quarter earnings guidance on Thursday, October, 24th. The company provided earnings per share guidance of $0.35-0.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.70. The company issued revenue guidance of $4.2-4.6 billion, compared to the consensus revenue estimate of $4.57 billion.

What price target have analysts set for AVT?

6 equities research analysts have issued 1 year price objectives for Avnet's stock. Their forecasts range from $35.00 to $47.00. On average, they anticipate Avnet's share price to reach $43.00 in the next year. This suggests a possible upside of 1.7% from the stock's current price. View Analyst Price Targets for Avnet.

What is the consensus analysts' recommendation for Avnet?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avnet.

Has Avnet been receiving favorable news coverage?

Press coverage about AVT stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Avnet earned a news sentiment score of 1.0 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days. 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 Adobe (ADBE), Netflix (NFLX), Cisco Systems (CSCO), Intel (INTC), QUALCOMM (QCOM), Nike (NKE), Walmart (WMT), Analog Devices (ADI), Amgen (AMGN) and Comcast (CMCSA).

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 many different of institutional and retail investors. Top institutional shareholders include State Street Corp (3.48%), Diamond Hill Capital Management Inc. (1.05%), Polaris Capital Management LLC (1.03%), Russell Investments Group Ltd. (0.92%), Millennium Management LLC (0.73%) and Tweedy Browne Co LLC (0.57%). Company insiders that own Avnet stock include James A Lawrence, Kenneth A Jacobson, Kevin V Summers, Maryann G Miller, Philip R Gallagher and William H Schumann. 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 Russell Investments Group Ltd., State Street Corp, Squarepoint Ops LLC, Schwartz Investment Counsel Inc., State of Tennessee Treasury Department, Comerica Bank, Tocqueville Asset Management L.P. and Parametric Portfolio Associates LLC. Company insiders that have sold Avnet company stock in the last year include James A Lawrence, Kenneth A Jacobson, Philip R Gallagher and William H Schumann. 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 Millennium Management LLC, First Trust Advisors LP, Mackay Shields LLC, Man Group plc, State of New Jersey Common Pension Fund D, Cerebellum GP LLC, Empirical Finance LLC and Diamond Hill Capital Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Avnet's stock price today?

One share of AVT stock can currently be purchased for approximately $42.29.

How big of a company is Avnet?

Avnet has a market capitalization of $4.27 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:  265 (Vote Outperform)
Underperform Votes:  366 (Vote Underperform)
Total Votes:  631
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 12/14/2019 by MarketBeat.com Staff

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