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

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$42.49 +0.66 (+1.58 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$41.83
Today's Range$41.7450 - $42.88
52-Week Range$33.55 - $49.40
Volume1.03 million shs
Average Volume1.05 million shs
Market CapitalizationN/A
P/E RatioN/A
Dividend Yield1.93%
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
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 declared a quarterly dividend on Monday, November 19th. Investors of record on Wednesday, December 5th will be paid a dividend of $0.20 per share on Wednesday, December 19th. This represents a $0.80 annualized dividend and a yield of 1.88%. The ex-dividend date is Tuesday, December 4th. View Avnet's Dividend History.

How will Avnet's stock buyback program work?

Avnet announced that its Board of Directors has authorized a share buyback program on Wednesday, August 29th 2018, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) released its earnings results on Thursday, October, 25th. The technology company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.01 by $0.02. The technology company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. View Avnet's Earnings History.

When is Avnet's next earnings date?

Avnet is scheduled to release their next quarterly earnings announcement on Thursday, January 24th 2019. View Earnings Estimates for Avnet.

How can I listen to Avnet's earnings call?

Avnet will be holding an earnings conference call on Thursday, January 24th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8774078112.

What price target have analysts set for AVT?

6 brokers have issued 12 month price objectives for Avnet's shares. Their forecasts range from $34.00 to $55.00. On average, they expect Avnet's stock price to reach $45.00 in the next twelve months. This suggests a possible upside of 5.9% 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?

Media stories about AVT stock have trended positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Avnet earned a daily sentiment score of 2.8 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the near future.

Are investors shorting Avnet?

Avnet saw a decline in short interest in the month of December. As of December 14th, there was short interest totalling 4,091,385 shares, a decline 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 currently 3.3 days. Approximately 3.7% of the company's stock are sold short. View Avnet's Current Options Chain.

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 institutional and retail investors. Top institutional investors include Retirement Systems of Alabama (0.13%), Meeder Asset Management Inc. (0.04%), Fruth Investment Management (0.03%), DNB Asset Management AS (0.03%), CenturyLink Investment Management Co (0.03%) and Louisiana State Employees Retirement System (0.03%). 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, Alpha Windward LLC, 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 acquired by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc., 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 $42.49.

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:  239 (Vote Outperform)
Underperform Votes:  329 (Vote Underperform)
Total Votes:  568
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 1/19/2019 by MarketBeat.com Staff

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