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

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$43.39 -1.10 (-2.47 %)
(As of 05/19/2019 02:47 PM ET)
Previous Close$43.39
Today's Range$43.39 - $44.25
52-Week Range$33.55 - $49.40
Volume432,426 shs
Average Volume731,166 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. 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

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

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 Monday, February 11th. Investors of record on Tuesday, March 12th will be given a dividend of $0.20 per share on Tuesday, March 26th. This represents a $0.80 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, March 11th. View Avnet's Dividend History.

How will Avnet's stock buyback program work?

Avnet declared that its board has approved a share buyback plan on Wednesday, August 29th 2018, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 10.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its shares are undervalued.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) issued its quarterly earnings data on Thursday, April, 25th. The technology company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.08 by $0.01. The technology company earned $4.70 billion during the quarter, compared to the consensus estimate of $4.75 billion. The company's revenue was down 2.0% on a year-over-year basis. During the same period last year, the company 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 issued an update on its fourth quarter earnings guidance on Thursday, April, 25th. The company provided earnings per share 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 price objectives for Avnet's stock. Their predictions range from $47.00 to $55.00. On average, they expect Avnet's stock price to reach $49.75 in the next year. This suggests a possible upside of 14.7% 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 1 sell rating, 2 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?

News headlines about AVT stock have trended positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Avnet earned a news impact score of 2.2 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days.

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 number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.69%), Pzena Investment Management LLC (7.08%), Dimensional Fund Advisors LP (3.75%), Hotchkis & Wiley Capital Management LLC (3.47%), Hotchkis & Wiley Capital Management LLC (3.47%) and FMR LLC (3.07%). 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 major 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., Jacobs Levy Equity Management Inc. and Hotchkis & Wiley Capital Management LLC. 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 major investors are buying Avnet stock?

AVT stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, AQR Capital Management LLC, Westfield Capital Management Co. LP, Parkwood LLC, JPMorgan Chase & Co., Geode Capital Management LLC, First Trust Advisors LP and Natixis. Company insiders that have bought Avnet stock in the last two years include Amelio J William and James A Lawrence. 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 $43.39.

How big of a company is Avnet?

Avnet has a market capitalization of $4.61 billion.

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:  244 (Vote Outperform)
Underperform Votes:  345 (Vote Underperform)
Total Votes:  589
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 5/19/2019 by MarketBeat.com Staff

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