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.
Industry, Sector and Symbol
Industry Electronic parts & equipment, not elsewhere classified
Sub-IndustryTechnology Distributors
SectorComputer and Technology
Phone480-643-2000
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date4/25/2019 (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 announced a quarterly dividend on Monday, February 11th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.90%. 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 of Directors has initiated a stock buyback program on Wednesday, August 29th 2018, which permits the company to buyback $500,000,000.00 in outstanding 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 programs are often a sign that the company's board of directors believes its stock is undervalued.
How were Avnet's earnings last quarter?
Avnet (NYSE:AVT) released its quarterly earnings results on Thursday, January, 24th. The technology company reported $1.04 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.04. The technology company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.07 billion. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. View Avnet's Earnings History.
When is Avnet's next earnings date?
What guidance has Avnet issued on next quarter's earnings?
Avnet updated 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 earnings per share 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 Wall Street analysts have issued 12-month target prices for Avnet's stock. Their forecasts range from $34.00 to $55.00. On average, they anticipate Avnet's stock price to reach $45.00 in the next year. This suggests a possible upside of 6.8% 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 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?
News stories about AVT stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by monitoring 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 nearest to five being the most favorable. Avnet earned a daily sentiment score of -1.2 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
Who are some of Avnet's key competitors?
Some companies that are related to Avnet include Arrow Electronics (ARW), Ituran Location and Control Ltd. (US) (ITRN), TESSCO Technologies (TESS), VOXX International (VOXX), RADA Electronic Ind. (RADA), Richardson Electronics (RELL), EACO (EACO), CUI Global (CUI), Cool (AWSM), Taitron Components (TAIT), Surge Components (SPRS) and Cool (IFON).
What other stocks do shareholders of Avnet own?
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 shareholders include BlackRock Inc. (9.50%), Pzena Investment Management LLC (7.26%), Dimensional Fund Advisors LP (3.70%), Prudential PLC (3.14%), FMR LLC (2.18%) and LSV Asset Management (2.02%). 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 major investors are selling Avnet stock?
AVT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Boston Partners, FMR LLC, New York State Common Retirement Fund, Amundi Pioneer Asset Management Inc., Pzena Investment Management LLC, California Public Employees Retirement System and Bank of New York Mellon Corp. 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 major 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, Norges Bank, Prudential Financial Inc., LSV Asset Management, Victory Capital Management Inc., Millennium Management LLC, HRT Financial LLC and Geode Capital Management LLC. 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 $42.12.
How big of a company is Avnet?
Avnet has a market capitalization of $4.57 billion.
What is Avnet's official website?
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)
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.
