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, 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.

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.

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.

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

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.

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.

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.

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.

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), Agilysys (AGYS), ScanSource (SCSC) and Richardson Electronics (RELL).

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).

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.

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.

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.

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 $32.88.

Avnet has a market capitalization of $3.28 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]