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

Sign in or create an account to add this stock to your watchlist.
$41.38 +0.35 (+0.85 %)
(As of 01/16/2019 04:45 AM ET)
Previous Close$41.03
Today's Range$40.57 - $41.45
52-Week Range$33.55 - $49.40
Volume705,803 shs
Average Volume1.12 million shs
Market CapitalizationN/A
P/E RatioN/A
Dividend Yield1.95%
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.

Receive AVT News and Ratings via Email

Sign-up to receive the latest news and ratings for AVT and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry Electronic parts & equipment, not elsewhere classified
Sub-IndustryTechnology Distributors
SectorComputer and Technology
CUSIP05380710
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. Shareholders 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 1.93%. 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 announced that its board has authorized a share repurchase program on Wednesday, August 29th 2018, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) announced its earnings results on Thursday, October, 25th. The technology company reported $1.03 EPS for the quarter, beating the Zacks' consensus estimate of $1.01 by $0.02. The technology company earned $5.09 billion during the quarter, compared to analyst estimates 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.

What price target have analysts set for AVT?

6 brokerages have issued 1 year price targets 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 8.7% 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?

News headlines about AVT stock have trended negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 -2.5 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the stock's share price in the near term.

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 trading volume of 1,235,771 shares, the short-interest ratio is currently 3.3 days. Approximately 3.7% of the shares of the company 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 number of of retail and institutional investors. Top institutional investors include Retirement Systems of Alabama (0.13%), DNB Asset Management AS (0.03%), CenturyLink Investment Management Co (0.03%), Louisiana State Employees Retirement System (0.03%), Fox Run Management L.L.C. (0.01%) and State of Alaska Department of Revenue (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 major 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 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 major investors are buying Avnet stock?

AVT stock was acquired 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 $41.38.

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 1/16/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel