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
SymbolNYSE:AVT
CUSIP05380710
Phone480-643-2000
Debt
Debt-to-Equity Ratio0.30
Current Ratio2.75
Quick Ratio1.58
Price-To-Earnings
Trailing P/E Ratio14.44
Forward P/E Ratio13.29
P/E Growth1.08
Sales & Book Value
Annual Sales$17.44 billion
Price / Sales0.31
Cash Flow$5.4510 per share
Price / Cash8.58
Book Value$42.00 per share
Price / Book1.11
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 Shares115,760,000
Market Cap$4.63 billion
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 Wednesday, August 29th. Stockholders of record on Monday, September 10th will be paid a dividend of $0.20 per share on Thursday, September 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, September 7th. This is an increase from Avnet's previous quarterly dividend of $0.19. View Avnet's Dividend History.
How will Avnet's stock buyback program work?
Avnet declared that its board has initiated a share repurchase 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 reacquire up to 10.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.
How were Avnet's earnings last quarter?
Avnet (NYSE:AVT) announced its quarterly earnings data on Wednesday, August, 8th. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The technology company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.85 billion. Avnet had a negative net margin of 0.72% and a positive return on equity of 8.08%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. 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 first quarter earnings guidance on Wednesday, August, 8th. The company provided earnings per share guidance of $0.95-1.05 for the period, compared to the Thomson Reuters consensus estimate of $0.97. The company issued revenue guidance of $4.8-5.2 billion, compared to the consensus revenue estimate of $4.89 billion.
What price target have analysts set for AVT?
8 brokers have issued 1 year target prices for Avnet's stock. Their forecasts range from $34.00 to $55.00. On average, they expect Avnet's share price to reach $44.50 in the next year. This suggests that the stock has a possible downside of 4.9%. 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 2 sell ratings, 3 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 is gaining from the strong performance of its Electronics Components segment and 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." (6/27/2018)
- 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)
Who are some of Avnet's key competitors?
Some companies that are related to Avnet include Arrow Electronics (ARW), Ituran Location and Control Ltd. (US) (ITRN), TESSCO Technologies (TESS), VOXX International (VOXX), Richardson Electronics (RELL), RADA Electronic Ind. (RADA), CUI Global (CUI), EACO (EACO), Cool (AWSM), Cool (IFON), Taitron Components (TAIT) and Surge Components (SPRS).
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 stories about AVT stock have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Avnet earned a coverage optimism score of 0.18 on Accern's scale. They also assigned media headlines about the technology company an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for Avnet.
Who are Avnet's major shareholders?
Avnet's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.01%), Pzena Investment Management LLC (7.66%), Dimensional Fund Advisors LP (3.47%), Boston Partners (2.93%), Janus Henderson Group PLC (2.53%) and FMR LLC (2.46%). 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 Boston Partners, Polaris Capital Management LLC, Russell Investments Group Ltd., Pzena Investment Management LLC, Brandes Investment Partners LP, Waddell & Reed Financial Inc., Thompson Siegel & Walmsley LLC and Bank of New York Mellon Corp. 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 major investors are buying Avnet stock?
AVT stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, FMR LLC, FMR LLC, Assenagon Asset Management S.A., MetLife Investment Advisors LLC, Segall Bryant & Hamill LLC, Lapides Asset Management LLC and Royal London Asset Management Ltd.. 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 $46.77.
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 (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.
