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
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
Price / SalesN/A
Price / Cash FlowN/A
Price / BookN/A
Profitability
Net IncomeN/A
Net MarginsN/A
Return on AssetsN/A
Miscellaneous
Employees15,700
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, November 19th. Stockholders of record on Wednesday, December 5th will be given a dividend of $0.20 per share on Wednesday, December 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, December 4th. View Avnet's Dividend History.
How will Avnet's stock buyback program work?
Avnet declared that its board has authorized a stock buyback program on Wednesday, August 29th 2018, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 10.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.
How were Avnet's earnings last quarter?
Avnet (NYSE:AVT) issued its quarterly earnings data on Thursday, October, 25th. The technology company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.02. The technology company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. View Avnet's Earnings History.
When is Avnet's next earnings date?
What price target have analysts set for AVT?
6 brokers have issued 1 year price objectives for Avnet's shares. Their predictions range from $34.00 to $55.00. On average, they expect Avnet's stock price to reach $45.00 in the next year. This suggests a possible upside of 8.6% from the stock's current price. View Analyst Price Targets for Avnet.
What is the consensus analysts' recommendation for Avnet?
6 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 3 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’s domestic and foreign operations are subject to significant competition. Moreover, unfavorable currency fluctuations and an uncertain macroeconomic environment remain concerns. A significant portion of Avnet’s revenues comes from the sale of semiconductors, which is a cyclical industry, characterized by changes in technology and manufacturing capacity. Moreover, the recent U.S-China trade war has taken a toll on the semiconductor industry, adding to the company's woes. Nonetheless, Avnet is benefitting from strong performance of Electronics Components and Premier Farnell segments. Shares outperformed the industry on a year-to-date basis." (12/31/2018)
- 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?
Headlines about AVT stock have been trending somewhat negative recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of press 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 five, with scores closest to five being the most favorable. Avnet earned a news sentiment score of -1.6 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days.
Are investors shorting Avnet?
Avnet saw a drop in short interest during the month of December. As of December 14th, there was short interest totalling 4,091,385 shares, a drop of 42.7% from the November 30th total of 7,144,458 shares. Based on an average daily trading volume, of 1,235,771 shares, the days-to-cover ratio is presently 3.3 days. Currently, 3.7% of the shares of the company are short sold. View Avnet's Current Options Chain.
Who are some of Avnet's key competitors?
Some companies that are related to Avnet include TE Connectivity (TEL), Arrow Electronics (ARW), Ituran Location and Control Ltd. (US) (ITRN), VOXX International (VOXX), TESSCO Technologies (TESS), Richardson Electronics (RELL), RADA Electronic Ind. (RADA), EACO (EACO), CUI Global (CUI), Cool (AWSM), Taitron Components (TAIT), Surge Components (SPRS) and Cool (IFON).
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 institutional and retail investors. Top institutional shareholders include Retirement Systems of Alabama (0.13%), Fruth Investment Management (0.03%), DNB Asset Management AS (0.03%), CenturyLink Investment Management Co (0.03%), Louisiana State Employees Retirement System (0.03%) and Fox Run Management L.L.C. (0.01%). 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 Retirement Systems of Alabama, Louisiana State Employees Retirement System, Fruth Investment Management and State of Alaska Department of Revenue. Company insiders that have sold Avnet company stock in the last year include Kevin V Summers, 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 DNB Asset Management AS, Cerebellum GP LLC, Fox Run Management L.L.C., CenturyLink Investment Management Co and First Citizens Bank & Trust Co.. 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 $41.43.
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.
