NYSE:AVT - Avnet Stock Price, News & Analysis

$44.18
+0.16 (+0.36 %)
(As of 09/18/2019 03:50 PM ET)
Today's Range
$43.60
Now: $44.18
$44.19
50-Day Range
$39.4120
MA: $42.47
$46.18
52-Week Range
$33.55
Now: $44.18
$49.03
Volume39,606 shs
Average Volume706,532 shs
Market Capitalization$4.58 billion
P/E RatioN/A
Dividend Yield1.89%
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. Read More…

Industry, Sector and Symbol

Industry Electronic parts & equipment, not elsewhere classified
Sub-IndustryTechnology Distributors
SectorComputer and Technology
CUSIP05380710
CIK8858
Phone480-643-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Market Cap$4.58 billion
Next Earnings Date10/24/2019 (Estimated)
OptionableOptionable

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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, August 19th. Investors of record on Wednesday, September 11th will be paid a dividend of $0.21 per share on Wednesday, September 25th. This represents a $0.84 annualized dividend and a yield of 1.90%. The ex-dividend date is Tuesday, September 10th. This is an increase from Avnet's previous quarterly dividend of $0.20. View Avnet's Dividend History.

How will Avnet's stock buyback program work?

Avnet declared that its Board of Directors has authorized a share repurchase program on Monday, August 19th 2019, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 11% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) posted its earnings results on Thursday, August, 8th. The technology company reported $0.95 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.00 by $0.05. The technology company earned $4.68 billion during the quarter, compared to analyst estimates of $4.61 billion. Avnet's revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 EPS. View Avnet's Earnings History.

When is Avnet's next earnings date?

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

What guidance has Avnet issued on next quarter's earnings?

Avnet issued an update on its first quarter earnings guidance on Thursday, August, 8th. The company provided earnings per share (EPS) guidance of $0.60-0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.97. The company issued revenue guidance of $4.40-4.70 billion, compared to the consensus revenue estimate of $4.59 billion.

What price target have analysts set for AVT?

5 equities research analysts have issued twelve-month price targets for Avnet's stock. Their forecasts range from $39.00 to $50.00. On average, they expect Avnet's stock price to reach $45.40 in the next year. This suggests a possible upside of 2.8% 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 3 hold ratings, 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Avnet.

Has Avnet been receiving favorable news coverage?

Media headlines about AVT stock have been trending negative this week, according to InfoTrie. InfoTrie identifies positive and negative press coverage by reviewing 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 nearest to five being the most favorable. Avnet earned a media sentiment score of -2.9 on InfoTrie's scale. They also gave news 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 impact on the stock's share price in the next few days. View News Stories for Avnet.

Who are some of Avnet's key competitors?

What other stocks do shareholders of Avnet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Avnet investors own include Intel (INTC), QUALCOMM (QCOM), Cisco Systems (CSCO), Adobe (ADBE), Netflix (NFLX), Best Buy (BBY), Xilinx (XLNX), Arrow Electronics (ARW), Nike (NKE) and Advanced Micro Devices (AMD).

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 shareholders include Vanguard Group Inc. (10.33%), BlackRock Inc. (9.62%), BlackRock Inc. (9.87%), Pzena Investment Management LLC (6.91%), Prudential PLC (2.47%) and Russell Investments Group Ltd. (2.23%). Company insiders that own Avnet stock include Amelio J William, James A Lawrence, Kenneth A Jacobson, Kevin V Summers, Maryann G Miller, Philip R Gallagher and William H Schumann. 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 Janus Henderson Group PLC, Janus Henderson Group PLC, Prudential PLC, Russell Investments Group Ltd., AXA, Pzena Investment Management LLC, Prudential Financial Inc. and Bank of Montreal Can. 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.

Which major investors are buying Avnet stock?

AVT stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Westfield Capital Management Co. LP, AQR Capital Management LLC, APG Asset Management N.V., JPMorgan Chase & Co., Invesco Ltd., Canada Pension Plan Investment Board and Morgan Stanley. 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, Robinhood, Fidelity and Charles Schwab.

What is Avnet's stock price today?

One share of AVT stock can currently be purchased for approximately $44.18.

How big of a company is Avnet?

Avnet has a market capitalization of $4.58 billion. View Additional Information About Avnet.

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:  253 (Vote Outperform)
Underperform Votes:  352 (Vote Underperform)
Total Votes:  605
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 9/18/2019 by MarketBeat.com Staff

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