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
Stock Exchange NYSE
Industry Electronic parts & equipment, not elsewhere classified
Sub-IndustryTechnology Distributors
SectorComputer and Technology
Current SymbolNYSE:AVT
Previous Symbol
CUSIP05380710
Phone480-643-2000
Debt
Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees15,700
Outstanding Shares111,230,000
Market Cap$0.00
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, November 19th. Stockholders 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 dividend yield of 1.86%. View Avnet's Dividend History.
How will Avnet's stock buyback program work?
Avnet declared that its board has authorized a share buyback plan on Wednesday, August 29th 2018, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 10.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.
How were Avnet's earnings last quarter?
Avnet (NYSE:AVT) announced its quarterly earnings data on Thursday, October, 25th. The technology company reported $1.03 earnings per share (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?
What price target have analysts set for AVT?
6 brokerages have issued 12-month target prices for Avnet's shares. Their forecasts range from $34.00 to $55.00. On average, they anticipate Avnet's stock price to reach $45.00 in the next twelve months. This suggests a possible upside of 4.9% 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 reported healthy first-quarter results driven by strong performance of Electronics Components and Premier Farnell segments. Notably, supplier lines continue to increase in both the segments. Avnet intends to use its resources to make investments in embedded solutions, IoT and critical digital platforms as well as expand its footprint in newer markets. Strength in its e-commerce revenues makes management optimistic about its aim to hit $1 billion of e-commerce revenue in fiscal 2019. Shares outperformed the industry on a year-to-date basis. However, 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, unfavorable currency fluctuations and an uncertain macroeconomic environment remain concerns." (10/29/2018)
- 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?
Headlines about AVT stock have been trending somewhat negative this week, 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 companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Avnet earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely 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 TE Connectivity (TEL), Arrow Electronics (ARW), Ituran Location and Control Ltd. (US) (ITRN), VOXX International (VOXX), RADA Electronic Ind. (RADA), TESSCO Technologies (TESS), Richardson Electronics (RELL), EACO (EACO), CUI Global (CUI), Cool (AWSM), Taitron Components (TAIT), Surge Components (SPRS) and Cool (IFON).
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 BlackRock Inc. (10.32%), Pzena Investment Management LLC (7.11%), Dimensional Fund Advisors LP (3.50%), FMR LLC (2.98%), Janus Henderson Group PLC (2.47%) and Alliancebernstein L.P. (1.84%). 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 Thompson Siegel & Walmsley LLC, Pzena Investment Management LLC, AQR Capital Management LLC, Strs Ohio, First Pacific Advisors LP, Advisory Research Inc., Allianz Asset Management GmbH and Janus Henderson Group PLC. 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 institutional investors are buying Avnet stock?
AVT stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, LSV Asset Management, Sensato Investors LLC, Honeywell International Inc., WINTON GROUP Ltd, Russell Investments Group Ltd., Zurcher Kantonalbank Zurich Cantonalbank and Man Group plc. 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 $42.91.
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.
