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. Investors of record on Wednesday, March 4th will be paid a dividend of $0.21 per share on Wednesday, March 18th. This represents a $0.84 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, March 3rd. View Avnet's Dividend History.

Avnet announced that its Board of Directors has approved a stock repurchase program on Monday, August 19th 2019, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 11% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Avnet (NYSE:AVT) announced its quarterly earnings data 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 earned $4.53 billion during the quarter, compared to the consensus estimate of $4.42 billion. The firm's quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.04 EPS. 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 issued an update on its third quarter earnings guidance on Thursday, January, 23rd. The company provided earnings per share guidance of $0.38-0.48 for the period, compared to the Thomson Reuters consensus earnings per share 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 equities research analysts have issued 12-month target prices for Avnet's stock. Their forecasts range from $35.00 to $47.00. On average, they anticipate Avnet's share price to reach $41.17 in the next year. This suggests a possible upside of 16.1% 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.

News stories about AVT stock have trended very positive on Tuesday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media 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 -5 to 5, with scores closest to five being the most favorable. Avnet earned a coverage optimism score of 3.8 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. 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 many different of institutional and retail 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 bought 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 $35.45.

Avnet has a market capitalization of $3.54 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]