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

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$46.63 +0.13 (+0.28 %)
(As of 04/21/2019 04:00 PM ET)
Previous Close$46.63
Today's Range$46.14 - $46.77
52-Week Range$33.55 - $49.40
Volume456,985 shs
Average Volume758,122 shs
Market Capitalization$5.06 billion
P/E RatioN/A
Dividend Yield1.72%
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
CIK8858
Phone480-643-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Market Cap$5.06 billion
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 declared a quarterly dividend on Monday, February 11th. Investors of record on Tuesday, March 12th will be paid a dividend of $0.20 per share on Tuesday, March 26th. This represents a $0.80 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Monday, March 11th. View Avnet's Dividend History.

How will Avnet's stock buyback program work?

Avnet announced that its Board of Directors has initiated 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 generally a sign that the company's board believes its shares are undervalued.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) released its quarterly earnings data on Thursday, January, 24th. The technology company reported $1.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $1.04. The technology company earned $5.05 billion during the quarter, compared to the consensus estimate of $5.07 billion. The company's revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 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, April 25th 2019. View Earnings Estimates for Avnet.

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 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 analysts have issued 1 year price objectives for Avnet's stock. Their forecasts range from $34.00 to $55.00. On average, they anticipate Avnet's stock price to reach $45.00 in the next year. This suggests that the stock has a possible downside of 3.5%. 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?

News headlines about AVT stock have trended neutral recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avnet earned a news sentiment score of 0.4 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 news coverage is extremely unlikely to have an impact on the stock's share price in the next several days.

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 Cisco Systems (CSCO), Intel (INTC), QUALCOMM (QCOM), Adobe (ADBE), Micron Technology (MU), Xilinx (XLNX), Advanced Micro Devices (AMD), Netflix (NFLX), Starbucks (SBUX) and Arrow Electronics (ARW).

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 shareholders include Deroy & Devereaux Private Investment Counsel Inc. (0.32%), Retirement Systems of Alabama (0.13%), Nisa Investment Advisors LLC (0.06%), Fruth Investment Management (0.03%), Meeder Asset Management Inc. (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 major 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., Strs Ohio, Deroy & Devereaux Private Investment Counsel Inc., First Hawaiian Bank, Retirement Systems of Alabama, Nisa Investment Advisors LLC and Fruth Investment Management. 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 major investors are buying Avnet stock?

AVT stock was purchased by a variety of institutional investors in the last quarter, including W.E. Donoghue & Co. LLC, Oakbrook Investments LLC, Brookstone Capital Management 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 $46.63.

How big of a company is Avnet?

Avnet has a market capitalization of $5.06 billion.

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:  244 (Vote Outperform)
Underperform Votes:  341 (Vote Underperform)
Total Votes:  585
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 4/21/2019 by MarketBeat.com Staff

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