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

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$39.34 -1.11 (-2.74 %)
(As of 12/14/2018 07:13 AM ET)
Previous Close$40.45
Today's Range$39.2650 - $40.55
52-Week Range$37.11 - $49.40
Volume753,420 shs
Average Volume1.01 million shs
Market CapitalizationN/A
P/E RatioN/A
Dividend Yield2.00%
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. This segment also offers customer support services, which facilitate customers to evaluate, design-in, and procure electronic components throughout the lifecycle of their technology products and systems. In addition, it provides integrated solutions, such as technical design, integration, and assembly of embedded products, systems, and solutions primarily for industrial applications, as well as for intelligent embedded and innovative display solutions comprising touch and passive displays. Further, it develops and manufactures standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. Additionally, this segment 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. It serves various markets, including automotive, communications, computer hardware and peripherals, industrial and manufacturing, medical equipment, and defense and aerospace. The Premier Farnell segment distributes electronic components primarily to support design engineers, maintenance and test engineers, makers, and entrepreneurs. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Electronic parts & equipment, not elsewhere classified
Sub-IndustryTechnology Distributors
SectorComputer and Technology
Current SymbolNYSE:AVT
Previous Symbol
CUSIP05380710
Phone480-643-2000

Debt

Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / Cash FlowN/A
Book ValueN/A
Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Employees15,700
Outstanding Shares111,230,000
Market Cap$0.00
OptionableOptionable

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 Monday, November 19th. Shareholders of record on Wednesday, December 5th will be given a dividend of $0.20 per share on Wednesday, December 19th. This represents a $0.80 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, December 4th. View Avnet's Dividend History.

How will Avnet's stock buyback program work?

Avnet declared that its Board of Directors has approved a stock buyback plan on Wednesday, August 29th 2018, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 10.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) released its quarterly earnings data on Thursday, October, 25th. The technology company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.01 by $0.02. The technology company earned $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. 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 24th 2019. View Earnings Estimates for Avnet.

What price target have analysts set for AVT?

6 Wall Street analysts have issued 1 year target prices for Avnet's stock. Their forecasts range from $34.00 to $55.00. On average, they expect Avnet's share price to reach $45.00 in the next twelve months. This suggests a possible upside of 14.4% 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, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avnet.

What are Wall Street analysts saying about Avnet stock?

Here are some recent quotes from research analysts about Avnet stock:
  • 1. According to Zacks Investment Research, "Avnet reported healthy first-quarter results driven by strong performance of Electronics Components and Premier Farnell segments. Notably, supplier lines continue to increase in both the segments. Avnet intends to use its resources to make investments in embedded solutions, IoT and critical digital platforms as well as expand its footprint in newer markets. Strength in its e-commerce revenues makes management optimistic about its aim to hit $1 billion of e-commerce revenue in fiscal 2019. Shares outperformed the industry on a year-to-date basis. However, a significant portion of Avnet’s revenues comes from the sale of semiconductors, which is a cyclical industry, characterized by changes in technology and manufacturing capacity. Moreover, unfavorable currency fluctuations and an uncertain macroeconomic environment remain concerns." (10/29/2018)
  • 2. Pivotal Research analysts commented, "We are following up to our Friday 6.15.18 upgrade note with a more detailed review post the NYC Analyst meeting last week and point to the data points on Avnet’s turnaround." (6/22/2018)

Has Avnet been receiving favorable news coverage?

News coverage about AVT stock has trended somewhat positive on Friday, InfoTrie reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Avnet earned a news impact score of 1.4 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future.

Who are some of Avnet's key competitors?

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (10.32%), Vanguard Group Inc. (10.27%), Vanguard Group Inc (10.27%), Pzena Investment Management LLC (7.11%), Dimensional Fund Advisors LP (3.50%) and FMR LLC (2.98%). Company insiders that own Avnet stock include Amelio J William, J Veronica Biggins, James A Lawrence, Kevin M Moriarty, 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 Thompson Siegel & Walmsley LLC, Pzena Investment Management LLC, AQR Capital Management LLC, Strs Ohio, First Pacific Advisors LP, Morgan Stanley, Advisory Research Inc. and Allianz Asset Management GmbH. Company insiders that have sold Avnet company stock in the last year include Kevin V Summers, 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, LSV Asset Management, Vanguard Group Inc, Vanguard Group Inc., Sensato Investors LLC, Honeywell International Inc., WINTON GROUP Ltd and Russell Investments Group Ltd.. Company insiders that have bought Avnet stock in the last two years include Amelio J William, James A Lawrence and Kevin M Moriarty. 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 $39.34.

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:  237 (Vote Outperform)
Underperform Votes:  328 (Vote Underperform)
Total Votes:  565
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 12/14/2018 by MarketBeat.com Staff

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