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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
SymbolNYSE:AVT
CUSIP05380710
Phone480-643-2000
Debt
Debt-to-Equity Ratio0.30
Current Ratio2.75
Quick Ratio1.58
Price-To-Earnings
Trailing P/E Ratio11.94
Forward P/E Ratio10.99
P/E Growth1.08
Sales & Book Value
Annual Sales$17.44 billion
Price / Sales0.26
Cash Flow$4.5105 per share
Price / Cash8.58
Book Value$42.00 per share
Price / Book0.92
Profitability
EPS (Most Recent Fiscal Year)$3.24
Net Income$525.27 million
Net Margins-0.72%
Return on Equity8.08%
Return on Assets4.27%
Miscellaneous
Employees15,700
Outstanding Shares117,980,000
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 Tuesday, February 6th. Investors of record on Tuesday, March 13th will be given a dividend of $0.19 per share on Tuesday, March 27th. This represents a $0.76 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Monday, March 12th. This is an increase from Avnet's previous quarterly dividend of $0.18. View Avnet's Dividend History.
How will Avnet's stock buyback program work?
Avnet declared that its Board of Directors has initiated a share repurchase plan on Saturday, November 11th 2017, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.
How were Avnet's earnings last quarter?
Avnet (NYSE:AVT) released its earnings results on Thursday, April, 26th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. The technology company earned $4.80 billion during the quarter, compared to analyst estimates of $4.83 billion. Avnet had a positive return on equity of 8.08% and a negative net margin of 0.72%. Avnet's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.88 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 fourth quarter earnings guidance on Thursday, April, 26th. The company provided earnings per share (EPS) guidance of $0.91-1.01 for the period, compared to the Thomson Reuters consensus estimate of $1.01. The company issued revenue guidance of $4.65-4.95 billion, compared to the consensus revenue estimate of $4.84 billion.
What price target have analysts set for AVT?
8 brokerages have issued 12 month price targets for Avnet's stock. Their predictions range from $34.00 to $42.00. On average, they expect Avnet's share price to reach $38.50 in the next twelve months. 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 posted impressive Q3 results driven mainly by strong performance of its Electronics Components segment and benefited from Premier Farnell buyout. The divestment of the TS division has allowed Avnet to focus on high-growth areas such as marketing electronic components and related products in the supply chain. The company 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. Furthermore, acquisitions such as Premier Farnell and Dragon Innovation are likely to bolster Avnet’s portfolio and expand global operations. Nonetheless, 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 and subject to significant market upturns and downturns." (5/1/2018)
- 2. Pivotal Research analysts commented, "We would point out that normal seasonality is for qq growth of 0%-4%, so the mid point is below seasonality. OM’s are normally up modestly ~10bp qq, but given guidance suggest down modestly. $390m remains with the company’s buyback, and $70m was repurchased in 3Q. We keep our HOLD rating and lower our PT $2 to $42 PT, 10.5x our FY19E for ~8% appreciation." (4/26/2018)
Are investors shorting Avnet?
Avnet saw a increase in short interest in May. As of May 15th, there was short interest totalling 4,387,382 shares, an increase of Infinity from the April 30th total of 0 shares. Based on an average daily trading volume, of 779,259 shares, the short-interest ratio is presently 5.6 days. Currently, 3.7% of the shares of the company are sold short.
Who are some of Avnet's key competitors?
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)
Has Avnet been receiving favorable news coverage?
News headlines about AVT stock have been trending positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Avnet earned a news impact score of 0.30 on Accern's scale. They also assigned media stories about the technology company an impact score of 44.00 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
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. (10.00%), Pzena Investment Management LLC (7.66%), Boston Partners (4.75%), Dimensional Fund Advisors LP (3.49%), Thompson Siegel & Walmsley LLC (1.84%) and Artisan Partners Limited Partnership (1.50%). 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 Artisan Partners Limited Partnership, Thompson Siegel & Walmsley LLC, Hsbc Holdings PLC, JPMorgan Chase & Co., Maplelane Capital LLC, BNP Paribas Arbitrage SA, Natixis and GSA Capital Partners LLP. Company insiders that have sold Avnet company stock in the last year include J Veronica Biggins, Kevin V Summers and Philip R Gallagher. View Insider Buying and Selling for Avnet.
Which major investors are buying Avnet stock?
AVT stock was acquired by a variety of institutional investors in the last quarter, including Boston Partners, American Century Companies Inc., Polaris Capital Management LLC, State of Tennessee Treasury Department, Virginia Retirement Systems ET AL, Pzena Investment Management LLC, Wells Fargo & Company MN and BlackRock Inc.. 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 $38.70.
How big of a company is Avnet?
Avnet has a market capitalization of $4.63 billion and generates $17.44 billion in revenue each year. The technology company earns $525.27 million in net income (profit) each year or $3.24 on an earnings per share basis. Avnet employs 15,700 workers across the globe.
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 (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.
Avnet (NYSE:AVT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Avnet in the last 12 months. Their average twelve-month price target is $38.50, suggesting that the stock has a possible downside of 0.52%. The high price target for AVT is $42.00 and the low price target for AVT is $34.00. There are currently 2 sell ratings, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 1.88 | 2.00 | 1.89 | 1.67 |
| Ratings Breakdown: | 2 Sell Rating(s)
5 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
7 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
6 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
6 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $38.50 | $39.1429 | $39.4286 | $39.50 |
| Price Target Upside: | 0.52% downside | 0.17% downside | 2.16% downside | 5.32% downside |
Avnet (NYSE:AVT) Consensus Price Target History
Avnet (NYSE:AVT) Analyst Ratings History
Show:
(Data available from 5/26/2016 forward)
Avnet (NYSE:AVT) Dividend Information
Avnet pays an annual dividend of $0.76 per share, with a dividend yield of 1.96%. AVT's most recent quarterly dividend payment was Tuesday, March 27. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of -4.50% each year. Avnet pays out 23.46% of its earnings out as a dividend.
| Most Recent Dividend: | 3/27/2018 |
| Annual Dividend: | $0.76 |
| Dividend Yield: | 1.96% |
| Dividend Growth: | -4.50% (3 Year Average) |
| Payout Ratio(s): | 23.46% (Trailing 12 Months of Earnings)
21.59% (Based on This Year's Estimates)
18.81% (Based on Next Year's Estimates)
16.85% (Based on Cash Flow)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Avnet (NYSE:AVT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/6/2018 | quarterly | $0.19 | 1.82% | 3/12/2018 | 3/13/2018 | 3/27/2018 |
| 11/10/2017 | quarterly | $0.18 | 1.84% | 12/5/2017 | 12/6/2017 | 12/19/2017 |
| 8/11/2017 | quarterly | $0.18 | 1.95% | 9/1/2017 | 9/6/2017 | 9/15/2017 |
| 5/11/2017 | quarterly | $0.18 | 1.92% | 6/2/2017 | 6/6/2017 | 6/19/2017 |
| 2/28/2017 | quarterly | $0.18 | 1.53% | 3/10/2017 | 3/14/2017 | 3/28/2017 |
| 11/11/2016 | quarterly | $0.17 | | | 12/6/2016 | 12/19/2016 |
| 8/12/2016 | quarterly | $0.17 | 1.63% | 9/2/2016 | 9/7/2016 | 9/16/2016 |
| 5/13/2016 | quarterly | $0.17 | 1.72% | 6/3/2016 | 6/7/2016 | 6/20/2016 |
| 2/12/2016 | quarterly | $0.17 | 1.7% | 2/26/2016 | 3/1/2016 | 3/14/2016 |
| 11/13/2015 | quarterly | $0.17 | 1.51% | 11/27/2015 | 12/1/2015 | 12/14/2015 |
| 8/14/2015 | quarterly | $0.17 | 1.58% | 9/4/2015 | 9/9/2015 | 9/18/2015 |
| 5/15/2015 | quarterly | $0.16 | 1.4% | 5/29/2015 | 6/2/2015 | 6/15/2015 |
| 2/13/2015 | quarterly | $0.16 | 1.41% | 2/27/2015 | 3/3/2015 | 3/16/2015 |
| 11/7/2014 | quarterly | $0.16 | 1.47% | 11/28/2014 | 12/2/2014 | 12/15/2014 |
| 8/8/2014 | quarterly | $0.16 | 1.56% | 9/4/2014 | 9/8/2014 | 9/19/2014 |
| 5/12/2014 | quarterly | $0.15 | 1.4% | 5/30/2014 | 6/3/2014 | 6/16/2014 |
| 2/14/2014 | quarterly | $0.15 | 1.37% | 2/28/2014 | 3/4/2014 | 3/17/2014 |
| 11/7/2013 | quarterly | $0.15 | 1.49% | 11/29/2013 | 12/3/2013 | 12/16/2013 |
| 8/12/2013 | quarterly | $0.15 | | | 9/10/2013 | 9/20/2013 |
(Data available from 1/1/2013 forward)
Avnet (NYSE AVT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.65%
Institutional Ownership Percentage: 96.44%
Avnet (NYSE AVT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/16/2018 | Philip R Gallagher | Insider | Sell | 14,292 | $42.00 | $600,264.00 | 22,178 |  |
| 2/13/2018 | Kevin V Summers | Insider | Sell | 1,511 | $40.67 | $61,452.37 | 5,354 | |
| 12/8/2017 | Amelio J. William | CEO | Buy | 3,000 | $39.16 | $117,480.00 | | |
| 8/17/2017 | J Veronica Biggins | Director | Sell | 10,600 | $37.10 | $393,260.00 | 12,191 | |
| 6/2/2017 | James A Lawrence | Director | Buy | 408,451 | $36.99 | $15,108,602.49 | 416,549 | |
| 5/18/2017 | Kevin M. Moriarty | CFO | Buy | 6,933 | $36.08 | $250,142.64 | | |
| 3/1/2017 | Maryann G. Miller | Insider | Sell | 5,000 | $47.00 | $235,000.00 | | |
| 9/10/2015 | James A Lawrence | Director | Buy | 46,700 | $42.60 | $1,989,420.00 | 285,048 | |
| 9/9/2015 | Maryann G Miller | SVP | Sell | 9,562 | $42.45 | $405,906.90 | 37,373 | |
| 8/27/2015 | Preez Graham Du | Insider | Buy | 750,000 | $0.0250 | $18,750.00 | | |
| 2/25/2015 | Steven R Phillips | SVP | Sell | 6,455 | $46.30 | $298,866.50 | | |
| 2/18/2015 | Steven R Phillips | SVP | Sell | 3,154 | $45.16 | $142,434.64 | | |
| 11/14/2014 | Steven R Phillips | SVP | Sell | 5,474 | $42.88 | $234,725.12 | | |
| 11/7/2014 | Gerard Fay | SVP | Sell | 2,420 | $43.60 | $105,512.00 | | |
| 8/11/2014 | James A Lawrence | Director | Buy | 191,000 | $41.43 | $7,913,130.00 | | |
| 5/6/2014 | Steven Phillips | SVP | Sell | 12,398 | $42.15 | $522,575.70 | 8,513 | |
| 4/29/2014 | Gerard Fay | SVP | Sell | 3,036 | $42.96 | $130,426.56 | 10,142 | |
| 4/7/2014 | Richard Hamada | CEO | Sell | 9,856 | $46.07 | $454,065.92 | 36,601 | |
| 3/4/2014 | Ray Robinson | Director | Sell | 3,800 | $43.38 | $164,844.00 | 3,004 | |
| 1/30/2014 | Frank Noonan | Director | Sell | 3,003 | $41.23 | $123,813.69 | | |
| 11/15/2013 | Harley Feldberg | SVP | Sell | 11,500 | $42.00 | $483,000.00 | 28,726 | |
| 11/12/2013 | Richard Hamada | CEO | Sell | 15,843 | $40.97 | $649,087.71 | 56,286 | |
| 10/31/2013 | Ray M Robinson | Director | Sell | 2,300 | $40.00 | $92,000.00 | | |
| 10/30/2013 | Harley Feldberg | SVP | Sell | 12,171 | $40.00 | $486,840.00 | | |
| 8/28/2013 | Maryann Miller | VP | Sell | 11,000 | $39.13 | $430,430.00 | 21,539 | |
| 8/23/2013 | Gerard Fay | VP | Sell | 1,367 | $39.44 | $53,914.48 | 11,273 | |
| 8/20/2013 | Harley Feldberg | SVP | Sell | 29,000 | $39.72 | $1,151,880.00 | 28,726 | |
| 8/19/2013 | Steven Phillips | SVP | Sell | 5,433 | $39.00 | $211,887.00 | 13,442 | |
| 8/16/2013 | Ray Robinson | Director | Sell | 1,025 | $38.79 | $39,759.75 | 3,801 | |
| 8/15/2013 | Philip Gallagher | SVP | Sell | 8,300 | $39.05 | $324,115.00 | 25,611 | |
(Data available from 1/1/2013 forward)
Avnet (NYSE AVT) News Headlines
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Avnet (NYSE:AVT) SEC Filings
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Avnet (NYSE:AVT) Income Statement, Balance Sheet and Cash Flow Statement
Avnet (NYSE AVT) Stock Chart for Saturday, May, 26, 2018
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