NYSE:AVT - Avnet Stock Price, Price Target & More

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$42.56 -0.16 (-0.37 %)
(As of 06/18/2018 04:00 PM ET)
Previous Close$42.72
Today's Range$42.01 - $43.01
52-Week Range$35.67 - $44.85
Volume1.81 million shs
Average Volume912,445 shs
Market Capitalization$4.63 billion
P/E Ratio13.20
Dividend Yield1.89%
Beta0.99

About Avnet (NYSE:AVT)

Avnet logoAvnet, 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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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 Ratio13.20
Forward P/E Ratio12.09
P/E Growth1.08

Sales & Book Value

Annual Sales$17.44 billion
Price / Sales0.29
Cash Flow$4.9604 per share
Price / Cash8.58
Book Value$42.00 per share
Price / Book1.01

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 dividend yield of 1.79%. The ex-dividend date is Monday, March 12th. This is a positive change from Avnet's previous quarterly dividend of $0.18. View Avnet's Dividend History.

How will Avnet's stock buyback program work?

Avnet announced that its board has initiated a stock repurchase plan on Saturday, November 11th 2017, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) announced its quarterly earnings data on Thursday, April, 26th. The technology company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.06. The technology company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.83 billion. Avnet had a positive return on equity of 8.08% and a negative net margin of 0.72%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. View Avnet's Earnings History.

When is Avnet's next earnings date?

Avnet is scheduled to release their next quarterly earnings announcement on Tuesday, August, 7th 2018. View Earnings Estimates for Avnet.

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

Avnet issued an update on 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 earnings per share 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 Wall Street analysts have issued 1-year price targets for Avnet's shares. Their predictions range from $34.00 to $50.00. On average, they anticipate Avnet's share price to reach $39.8333 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 trading volume of 779,259 shares, the short-interest ratio is presently 5.6 days. Currently, 3.7% of the shares of the stock 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 coverage about AVT stock has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Avnet earned a daily sentiment score of 0.10 on Accern's scale. They also gave headlines about the technology company an impact score of 46.34 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

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 institutional 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 institutional 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 $42.56.

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)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  205 (Vote Outperform)
Underperform Votes:  285 (Vote Underperform)
Total Votes:  490
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 6/18/2018 by MarketBeat.com Staff

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