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NYSE:AVT - Avnet Stock Price, Forecast & News

$40.04
-0.40 (-0.99 %)
(As of 01/28/2020 12:02 PM ET)
Today's Range
$40.03
Now: $40.04
$41.03
50-Day Range
$40.44
MA: $42.11
$42.82
52-Week Range
$36.82
Now: $40.04
$49.03
Volume11,759 shs
Average Volume903,116 shs
Market Capitalization$4.04 billion
P/E RatioN/A
Dividend Yield2.00%
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$4.04 billion
Next Earnings Date4/23/2020 (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 declared a quarterly dividend on Tuesday, November 19th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.21 per share on Friday, December 20th. This represents a $0.84 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, December 3rd. View Avnet's Dividend History.

How will Avnet's stock buyback program work?

Avnet announced that its board has authorized a share buyback plan 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 purchase up to 11% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) posted its quarterly earnings data on Thursday, January, 23rd. The technology company reported $0.40 EPS for the quarter, missing the Zacks' consensus estimate of $0.41 by $0.01. The technology company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.42 billion. The firm's quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the company posted $1.04 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 23rd 2020. View Earnings Estimates for Avnet.

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

Avnet issued an update on its third quarter earnings guidance on Thursday, January, 23rd. The company provided EPS guidance of $0.38-0.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.48. The company issued revenue guidance of $4.1-4.5 billion, compared to the consensus revenue estimate of $4.36 billion.

What price target have analysts set for AVT?

8 Wall Street analysts have issued 1-year price targets for Avnet's stock. Their forecasts range from $35.00 to $47.00. On average, they expect Avnet's share price to reach $41.17 in the next twelve months. 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?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 3 sell ratings, 4 hold ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avnet.

Has Avnet been receiving favorable news coverage?

Press coverage about AVT stock has trended very negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Avnet earned a coverage optimism score of -3.8 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. 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 Adobe (ADBE), Netflix (NFLX), Analog Devices (ADI), Comcast (CMCSA), Cisco Systems (CSCO), Intel (INTC), QUALCOMM (QCOM), Xilinx (XLNX), AbbVie (ABBV) and Nike (NKE).

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 institutional and retail investors. Top institutional investors include California Public Employees Retirement System (0.23%), New York State Teachers Retirement System (0.13%), James Investment Research Inc. (0.12%), Nisa Investment Advisors LLC (0.06%), Arizona State Retirement System (0.06%) and Virginia Retirement Systems ET AL (0.04%). Company insiders that own Avnet stock include 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 James Investment Research Inc., California Public Employees Retirement System, Arizona State Retirement System, Empirical Finance LLC, Nisa Investment Advisors LLC, CenturyLink Investment Management Co, State of Alaska Department of Revenue and Dupont Capital Management Corp. 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 purchased by a variety of institutional investors in the last quarter, including Convergence Investment Partners LLC, Sciencast Management LP, Strs Ohio, Virginia Retirement Systems ET AL, First Hawaiian Bank, Cerebellum GP LLC, Zeke Capital Advisors LLC and Alpha Windward LLC. 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 $40.04.

How big of a company is Avnet?

Avnet has a market capitalization of $4.04 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:  270 (Vote Outperform)
Underperform Votes:  373 (Vote Underperform)
Total Votes:  643
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 1/28/2020 by MarketBeat.com Staff

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