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NYSE:AVT - Avnet Stock Price, Forecast & News

$32.88
-1.07 (-3.15 %)
(As of 02/26/2020 09:07 AM ET)
Today's Range
$32.63
Now: $32.88
$34.19
50-Day Range
$32.88
MA: $38.68
$42.62
52-Week Range
$32.63
Now: $32.88
$49.03
Volume1.15 million shs
Average Volume874,235 shs
Market Capitalization$3.28 billion
P/E RatioN/A
Dividend Yield2.47%
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$3.28 billion
Next Earnings Date4/23/2020 (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 declared a quarterly dividend on Tuesday, February 11th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.21 per share on Wednesday, March 18th. This represents a $0.84 annualized dividend and a yield of 2.55%. The ex-dividend date is Tuesday, March 3rd. View Avnet's Dividend History.

How will Avnet's stock buyback program work?

Avnet announced that its Board of Directors has approved a share 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 generally an indication that the company's leadership believes its stock is undervalued.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) released its quarterly earnings results on Thursday, January, 23rd. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by $0.01. The technology company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.42 billion. Avnet's quarterly revenue was down 10.2% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. View Avnet's Earnings History.

When is Avnet's next earnings date?

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

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

Avnet updated its third quarter earnings guidance on Thursday, January, 23rd. The company provided earnings per share (EPS) guidance of $0.38-0.48 for the period, compared to the Thomson Reuters consensus estimate of $0.48. The company issued revenue guidance of $4.1-4.5 billion, compared to the consensus revenue estimate of $4.36 billion.

What price target have analysts set for AVT?

8 Wall Street analysts have issued twelve-month price targets for Avnet's stock. Their forecasts range from $35.00 to $47.00. On average, they expect Avnet's share price to reach $41.17 in the next year. This suggests a possible upside of 25.2% from the stock's current price. View Analyst Price Targets for Avnet.

What is the consensus analysts' recommendation for Avnet?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 3 sell ratings, 4 hold ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avnet.

Has Avnet been receiving favorable news coverage?

Media headlines about AVT stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Avnet earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the stock'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 Adobe (ADBE), Cisco Systems (CSCO), Netflix (NFLX), Gilead Sciences (GILD), Intel (INTC), PepsiCo (PEP), QUALCOMM (QCOM), Xilinx (XLNX), AbbVie (ABBV) and Analog Devices (ADI).

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 number of of retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (9.01%), AQR Capital Management LLC (3.67%), State Street Corp (3.56%), Janus Henderson Group PLC (3.04%), Lord Abbett & CO. LLC (2.35%) and FMR LLC (1.83%). Company insiders that own Avnet stock include James A Lawrence, Kenneth A Jacobson, 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 FMR LLC, Hotchkis & Wiley Capital Management LLC, Alliancebernstein L.P., Prudential Financial Inc., Advisory Research Inc., Fort Washington Investment Advisors Inc. OH, LSV Asset Management and Russell Investments Group Ltd.. 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 purchased by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Janus Henderson Group PLC, AQR Capital Management LLC, Renaissance Technologies LLC, Mackay Shields LLC, UBS Group AG, Bank of Montreal Can and KBC Group NV. 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 $32.88.

How big of a company is Avnet?

Avnet has a market capitalization of $3.28 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:  274 (Vote Outperform)
Underperform Votes:  375 (Vote Underperform)
Total Votes:  649
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 2/26/2020 by MarketBeat.com Staff

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