Avnet Stock Price, News & Analysis (NYSE:AVT)

$43.30
-0.11 (-0.25 %)
(As of 09/22/2019 04:00 PM ET)
Today's Range
$43.23
Now: $43.30
$44.08
50-Day Range
$39.4120
MA: $42.35
$45.31
52-Week Range
$33.55
Now: $43.30
$49.03
Volume606,606 shs
Average Volume712,815 shs
Market Capitalization$4.49 billion
P/E RatioN/A
Dividend Yield1.94%
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$4.49 billion
Next Earnings Date10/24/2019 (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 Monday, August 19th. Investors of record on Wednesday, September 11th will be given a dividend of $0.21 per share on Wednesday, September 25th. This represents a $0.84 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Tuesday, September 10th. This is a boost from Avnet's previous quarterly dividend of $0.20. View Avnet's Dividend History.

How will Avnet's stock buyback program work?

Avnet announced that its Board of Directors has authorized a stock repurchase plan on Monday, August 19th 2019, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 11% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) released its earnings results on Thursday, August, 8th. The technology company reported $0.95 EPS for the quarter, missing the consensus estimate of $1.00 by $0.05. The technology company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.61 billion. The firm's quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 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, October 24th 2019. View Earnings Estimates for Avnet.

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

Avnet updated its first quarter earnings guidance on Thursday, August, 8th. The company provided EPS guidance of $0.60-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.97. The company issued revenue guidance of $4.40-4.70 billion, compared to the consensus revenue estimate of $4.59 billion.

What price target have analysts set for AVT?

5 Wall Street analysts have issued 1 year price targets for Avnet's stock. Their predictions range from $39.00 to $50.00. On average, they expect Avnet's stock price to reach $45.40 in the next year. This suggests a possible upside of 4.8% 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 3 hold ratings, 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Avnet.

Has Avnet been receiving favorable news coverage?

News stories about AVT stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing 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 daily sentiment score of -1.3 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely 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), Cisco Systems (CSCO), QUALCOMM (QCOM), Intel (INTC), Netflix (NFLX), Nike (NKE), Advanced Micro Devices (AMD), Micron Technology (MU), NVIDIA (NVDA) and Starbucks (SBUX).

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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.33%), BlackRock Inc. (9.62%), BlackRock Inc. (9.87%), Pzena Investment Management LLC (6.91%), Prudential PLC (2.47%) and Russell Investments Group Ltd. (2.23%). Company insiders that own Avnet stock include Amelio J William, 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 Janus Henderson Group PLC, Janus Henderson Group PLC, Prudential PLC, Russell Investments Group Ltd., AXA, Pzena Investment Management LLC, Prudential Financial Inc. and Bank of Montreal Can. 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 Nuveen Asset Management LLC, Westfield Capital Management Co. LP, AQR Capital Management LLC, APG Asset Management N.V., JPMorgan Chase & Co., Invesco Ltd., Canada Pension Plan Investment Board and Morgan Stanley. 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 $43.30.

How big of a company is Avnet?

Avnet has a market capitalization of $4.49 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:  253 (Vote Outperform)
Underperform Votes:  352 (Vote Underperform)
Total Votes:  605
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 9/22/2019 by MarketBeat.com Staff

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