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

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$44.16 +0.04 (+0.09 %)
(As of 02/19/2019 04:00 PM ET)
Previous Close$44.12
Today's Range$43.82 - $44.26
52-Week Range$33.55 - $49.40
Volume515,971 shs
Average Volume968,717 shs
Market Capitalization$4.79 billion
P/E RatioN/A
Dividend Yield1.81%
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
Phone480-643-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees15,700
Market Cap$4.79 billion
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 announced a quarterly dividend on Monday, February 11th. Stockholders of record on Tuesday, March 12th will be paid a dividend of $0.20 per share on Tuesday, March 26th. This represents a $0.80 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Monday, March 11th. View Avnet's Dividend History.

How will Avnet's stock buyback program work?

Avnet announced that its board has approved a stock buyback plan on Wednesday, August 29th 2018, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 10.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) posted its quarterly earnings data on Thursday, January, 24th. The technology company reported $1.04 EPS for the quarter, hitting the Zacks' consensus estimate of $1.04. The technology company had revenue of $5.05 billion for the quarter, compared to analysts' expectations of $5.07 billion. The company's revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 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, April 25th 2019. View Earnings Estimates for Avnet.

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

Avnet issued an update on its third quarter earnings guidance on Thursday, January, 24th. The company provided EPS guidance of $1.03-1.13 for the period, compared to the Thomson Reuters consensus estimate of $1.10. The company issued revenue guidance of $4.5-4.9 billion, compared to the consensus revenue estimate of $5.05 billion.Avnet also updated its Q3 2019 guidance to $1.03-1.13 EPS.

What price target have analysts set for AVT?

5 analysts have issued 12 month target prices for Avnet's stock. Their predictions range from $34.00 to $55.00. On average, they expect Avnet's share price to reach $45.00 in the next twelve months. This suggests a possible upside of 1.9% 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.

What are Wall Street analysts saying about Avnet stock?

Here are some recent quotes from research analysts about Avnet stock:
  • 1. According to Zacks Investment Research, "Avnet is benefitting from strong performance of Electronics Components and Premier Farnell segments. Moreover, the divestment of the Technology Solution division has allowed Avnet to focus on high growth areas such as marketing electronic components and related products in the supply chain. Estimates have been stable lately ahead of the company's Q2 release. The company has positive record of earnings surprises in recent quarters. Shares outperformed the industry in the past year. Further, Avnet acquired Dragon Innovation, a manufacturing consultancy and software vendor, which is anticipated to help the company in expanding its presence in the IoT space. However, Avnet’s domestic and foreign operations are subject to significant competition. Though the sale of the Technology Solution division to Tech Data Corporation has allowed Avnet to focus on high growth areas, it will take considerable time to reflect in its bottom line." (1/24/2019)
  • 2. Pivotal Research analysts commented, "We are following up to our Friday 6.15.18 upgrade note with a more detailed review post the NYC Analyst meeting last week and point to the data points on Avnet’s turnaround." (6/22/2018)

Has Avnet been receiving favorable news coverage?

Media coverage about AVT stock has trended somewhat positive on Tuesday, InfoTrie reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avnet earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Who are some of Avnet's key competitors?

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 variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.50%), Pzena Investment Management LLC (7.26%), Dimensional Fund Advisors LP (3.70%), Prudential PLC (3.14%), LSV Asset Management (2.02%) and Oregon Public Employees Retirement Fund (1.61%). Company insiders that own Avnet stock include Amelio J William, J Veronica Biggins, James A Lawrence, Kevin M Moriarty, Kevin V Summers, Maryann G Miller and Philip R Gallagher. 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 BlackRock Inc., Boston Partners, New York State Common Retirement Fund, Amundi Pioneer Asset Management Inc., Pzena Investment Management LLC, California Public Employees Retirement System, Bank of New York Mellon Corp and Bank of America Corp DE. Company insiders that have sold Avnet company stock in the last year include Maryann G Miller and Philip R Gallagher. View Insider Buying and Selling for Avnet.

Which institutional investors are buying Avnet stock?

AVT stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Prudential Financial Inc., LSV Asset Management, Victory Capital Management Inc., Millennium Management LLC, HRT Financial LLC, Geode Capital Management LLC and James Investment Research Inc.. Company insiders that have bought Avnet stock in the last two years include Amelio J William, James A Lawrence and Kevin M Moriarty. 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 $44.16.

How big of a company is Avnet?

Avnet has a market capitalization of $4.79 billion. Avnet employs 15,700 workers across the globe.

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:  240 (Vote Outperform)
Underperform Votes:  331 (Vote Underperform)
Total Votes:  571
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 2/19/2019 by MarketBeat.com Staff

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