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
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date4/25/2019 (Confirmed)
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, February 11th. Investors of record on Tuesday, March 12th will be given a dividend of $0.20 per share on Tuesday, March 26th. This represents a $0.80 annualized dividend and a yield of 1.73%. The ex-dividend date is Monday, March 11th. View Avnet's Dividend History.
How will Avnet's stock buyback program work?
Avnet declared that its Board of Directors has initiated a stock buyback program on Wednesday, August 29th 2018, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 10.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.
How were Avnet's earnings last quarter?
Avnet (NYSE:AVT) posted its quarterly earnings results on Thursday, January, 24th. The technology company reported $1.04 earnings per share for the quarter, hitting analysts' consensus estimates of $1.04. The technology company had revenue of $5.05 billion for the quarter, compared to analysts' expectations of $5.07 billion. The business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. View Avnet's Earnings History.
When is Avnet's next earnings date?
What guidance has Avnet issued on next quarter's earnings?
Avnet updated its third quarter earnings guidance on Thursday, January, 24th. The company provided earnings per share (EPS) guidance of $1.03-1.13 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.10. The company issued revenue guidance of $4.5-4.9 billion, compared to the consensus revenue estimate of $5.05 billion.Avnet also updated its Q3 2019 guidance to $1.03-1.13 EPS.
What price target have analysts set for AVT?
5 brokerages have issued twelve-month price targets for Avnet's shares. Their forecasts range from $34.00 to $55.00. On average, they expect Avnet's share price to reach $45.00 in the next year. This suggests that the stock has a possible downside of 2.6%. 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 1 sell rating, 2 hold ratings and 2 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 is benefiting from strength in vertical markets such as industrial, defense, aerospace and healthcare. Continued efforts on transformation and acceleration of the Electronic Components business are key drivers. The buyout of Softweb Solutions is likely to enhance its IoT capabilities. Shares outperformed the industry in the past year. Estimates have been stable lately ahead of the company’s fiscal Q4 earnings release. In the recent quarters, it pulled off positive earnings surprises. However, Avnet’s domestic and foreign operations are subject to significant competition. Though the sale of the Technology Solution division has allowed it to focus on high growth areas, it will take considerable time to reflect in the company’s bottom line. Moreover, Avnet draws considerable revenues from outside the United States, making it susceptible to impacts from currency fluctuations." (4/12/2019)
- 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 headlines about AVT stock have trended somewhat positive on Thursday, according to InfoTrie. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news 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 media sentiment score of 1.5 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
Who are some of Avnet's key competitors?
Some companies that are related to Avnet include Arrow Electronics (ARW), Ituran Location and Control Ltd. (US) (ITRN), TESSCO Technologies (TESS), RADA Electronic Ind. (RADA), VOXX International (VOXX), EACO (EACO), Richardson Electronics (RELL), CUI Global (CUI), Cool (AWSM), Taitron Components (TAIT), Surge Components (SPRS) and Cool (IFON).
What other stocks do shareholders of Avnet own?
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 many different of institutional and retail investors. Top institutional shareholders include Retirement Systems of Alabama (0.13%), Nisa Investment Advisors LLC (0.06%), Fruth Investment Management (0.03%), Meeder Asset Management Inc. (0.03%), Louisiana State Employees Retirement System (0.03%) and DNB Asset Management AS (0.02%). 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 DNB Asset Management AS, Meeder Asset Management Inc., First Hawaiian Bank, Retirement Systems of Alabama, Nisa Investment Advisors LLC, Fruth Investment Management, Louisiana State Employees Retirement System and Alpha Windward LLC. Company insiders that have sold Avnet company stock in the last year include 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 W.E. Donoghue & Co. LLC 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 $46.20.
How big of a company is Avnet?
Avnet has a market capitalization of $5.01 billion.
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.
