NYSE:AVT - Avnet Stock Price, Forecast & News

Avnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVT."

Avnet declared a quarterly dividend on Tuesday, November 19th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.21 per share on Friday, December 20th. This represents a $0.84 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, December 3rd. View Avnet's Dividend History.

Avnet announced that its board has authorized a share buyback plan on Monday, August 19th 2019, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 11% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Avnet (NYSE:AVT) posted its quarterly earnings data on Thursday, January, 23rd. The technology company reported $0.40 EPS for the quarter, missing the Zacks' consensus estimate of $0.41 by $0.01. The technology company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.42 billion. The firm's quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the company posted $1.04 EPS. View Avnet's Earnings History.

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

Avnet issued an update on its third quarter earnings guidance on Thursday, January, 23rd. The company provided EPS guidance of $0.38-0.48 for the period, compared to the Thomson Reuters consensus EPS 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.

8 Wall Street analysts have issued 1-year 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 twelve months. This suggests a possible upside of 2.8% from the stock's current price. View Analyst Price Targets 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.

Press coverage about AVT stock has trended very negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Avnet earned a coverage optimism score of -3.8 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Avnet.

Some companies that are related to Avnet include SYNNEX (SNX), Arrow Electronics (ARW), Tech Data (TECD), Anixter International (AXE), Insight Enterprises (NSIT), PC Connection (CNXN), ScanSource (SCSC), Agilysys (AGYS) and Richardson Electronics (RELL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Avnet investors own include Adobe (ADBE), Netflix (NFLX), Analog Devices (ADI), Comcast (CMCSA), Cisco Systems (CSCO), Intel (INTC), QUALCOMM (QCOM), Xilinx (XLNX), AbbVie (ABBV) and Nike (NKE).

Avnet's stock is owned by a number of of institutional and retail investors. Top institutional investors include California Public Employees Retirement System (0.23%), New York State Teachers Retirement System (0.13%), James Investment Research Inc. (0.12%), Nisa Investment Advisors LLC (0.06%), Arizona State Retirement System (0.06%) and Virginia Retirement Systems ET AL (0.04%). 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.

AVT stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc., California Public Employees Retirement System, Arizona State Retirement System, Empirical Finance LLC, Nisa Investment Advisors LLC, CenturyLink Investment Management Co, State of Alaska Department of Revenue and Dupont Capital Management Corp. 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.

AVT stock was purchased by a variety of institutional investors in the last quarter, including Convergence Investment Partners LLC, Sciencast Management LP, Strs Ohio, Virginia Retirement Systems ET AL, First Hawaiian Bank, Cerebellum GP LLC, Zeke Capital Advisors LLC and Alpha Windward LLC. View Insider Buying and Selling for 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.

One share of AVT stock can currently be purchased for approximately $40.04.

Avnet has a market capitalization of $4.04 billion. View Additional Information About Avnet.

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

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]