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NYSE:AVTAvnet Stock Price, Forecast & News

$28.94
+0.14 (+0.49 %)
(As of 08/6/2020 09:48 AM ET)
Add
Compare
Today's Range
$28.54
Now: $28.94
$29.09
50-Day Range
$25.70
MA: $26.71
$28.80
52-Week Range
$17.85
Now: $28.94
$45.23
Volume1.48 million shs
Average Volume1.03 million shs
Market Capitalization$2.86 billion
P/E RatioN/A
Dividend Yield2.92%
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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Avnet logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.37 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Market Cap$2.86 billion
Next Earnings Date8/6/2020 (Confirmed)
OptionableOptionable
$28.94
+0.14 (+0.49 %)
(As of 08/6/2020 09:48 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Avnet (NYSE:AVT) Frequently Asked Questions

How has Avnet's stock been impacted by COVID-19 (Coronavirus)?

Avnet's stock was trading at $28.28 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AVT stock has increased by 2.3% and is now trading at $28.94.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Avnet?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 1 sell rating, 6 hold ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Avnet
.

When is Avnet's next earnings date?

Avnet is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020.
View our earnings forecast for Avnet
.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) issued its quarterly earnings data on Monday, April, 27th. The technology company reported $0.38 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.32 by $0.06. The technology company earned $4.31 billion during the quarter, compared to analyst estimates of $4.03 billion. The firm's revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 EPS.
View Avnet's earnings history
.

How often does Avnet pay dividends? What is the dividend yield for Avnet?

Avnet announced a quarterly dividend on Friday, May 22nd. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.21 per share on Wednesday, June 17th. This represents a $0.84 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Tuesday, June 2nd.
View Avnet's dividend history
.

How will Avnet's stock buyback program work?

Avnet announced that its Board of Directors has approved a share buyback 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 repurchase up to 11% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its stock is undervalued.

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

Avnet issued an update on its fourth quarter earnings guidance on Monday, August, 3rd. The company provided earnings per share guidance of approx $0.64 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.04. The company issued revenue guidance of approx $4.20 billion, compared to the consensus revenue estimate of $3.98 billion.

What price target have analysts set for AVT?

8 brokers have issued 1-year price objectives for Avnet's shares. Their forecasts range from $27.00 to $44.00. On average, they anticipate Avnet's stock price to reach $34.00 in the next year. This suggests a possible upside of 17.5% from the stock's current price.
View analysts' price targets for Avnet
.

Has Avnet been receiving favorable news coverage?

News articles about AVT stock have been trending negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring 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 -2.0 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days.
View the latest news about 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 AbbVie (ABBV), Cisco Systems (CSCO), Procter & Gamble (PG), Adobe (ADBE), Bristol-Myers Squibb (BMY), Comcast (CMCSA), Intel (INTC), Netflix (NFLX), PepsiCo (PEP) and QUALCOMM (QCOM).

Who are Avnet's key executives?

Avnet's management team includes the following 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)

What is Avnet's stock symbol?

Avnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVT."

Who are Avnet's major shareholders?

Avnet's stock is owned by many different institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (10.43%), First Trust Advisors LP (2.14%), Russell Investments Group Ltd. (0.81%), LSV Asset Management (0.63%), Principal Financial Group Inc. (0.42%) and Comerica Bank (0.36%). 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
.

Which institutional investors are selling Avnet stock?

AVT stock was sold by a variety of institutional investors in the last quarter, including Prudential PLC, Speece Thorson Capital Group Inc., Robeco Institutional Asset Management B.V., James Investment Research Inc., LSV Asset Management, Comerica Bank, Vident Investment Advisory LLC, and Pacer Advisors Inc.. Company insiders that have sold Avnet company stock in the last year include James A Lawrence, Maryann G Miller, Philip R Gallagher, and William H Schumann.
View insider buying and selling activity for Avnet
.

Which institutional investors are buying Avnet stock?

AVT stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Pzena Investment Management LLC, Russell Investments Group Ltd., Raymond James & Associates, First Quadrant L P CA, Cerebellum GP LLC, Principal Financial Group Inc., and Assenagon Asset Management S.A..
View insider buying and selling activity 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 $28.94.

How big of a company is Avnet?

Avnet has a market capitalization of $2.86 billion.

What is Avnet's official website?

The official website for Avnet is 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]

This page was last updated on 8/6/2020 by MarketBeat.com Staff

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