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NYSE:AVT

Avnet Stock Forecast, Price & News

$26.02
-0.49 (-1.85 %)
(As of 10/27/2020 12:00 AM ET)
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Today's Range
$25.87
Now: $26.02
$26.61
50-Day Range
$25.05
MA: $27.19
$28.75
52-Week Range
$17.85
Now: $26.02
$43.00
Volume1.46 million shs
Average Volume936,931 shs
Market Capitalization$2.57 billion
P/E RatioN/A
Dividend Yield3.17%
BetaN/A
Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical devices; and other integrated components from electronic component manufacturers. It also 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. In addition, this segment provides integrated solutions, such as technical design, integration, and assembly of embedded products, and 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. This segment serves various markets, including automotive, medical, defense, aerospace, telecommunications, industrial, and digital editing. The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. It has operations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.1Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.22 out of 5 stars

Industry, Sector and Symbol

Industry Electronic parts & equipment, not elsewhere classified
Sub-IndustryTechnology Distributors
CUSIP05380710
CIK8858
Phone480-643-2000
Employees14,600

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Market Cap$2.57 billion
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$26.02
-0.49 (-1.85 %)
(As of 10/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Avnet (NYSE:AVT) Frequently Asked Questions

How has Avnet's stock price been impacted by Coronavirus (COVID-19)?

Avnet's stock was trading at $28.28 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AVT shares have decreased by 8.0% and is now trading at $26.02.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Avnet?

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

When is Avnet's next earnings date?

Avnet is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Avnet
.

How were Avnet's earnings last quarter?

Avnet, Inc. (NYSE:AVT) issued its earnings results on Thursday, August, 6th. The technology company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.14. The technology company earned $4.16 billion during the quarter, compared to the consensus estimate of $3.99 billion. Avnet's quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS.
View Avnet's earnings history
.

How often does Avnet pay dividends? What is the dividend yield for Avnet?

Avnet declared a quarterly dividend on Friday, August 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.21 per share on Wednesday, September 23rd. This represents a $0.84 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, September 8th.
View Avnet's dividend history
.

How will Avnet's stock buyback program work?

Avnet declared that its Board of Directors has initiated a stock repurchase plan on Monday, August 19th 2019, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 11% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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

Avnet issued an update on its first quarter earnings guidance on Thursday, August, 6th. The company provided earnings per share (EPS) guidance of $0.00-0.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.18. The company issued revenue guidance of $3.8-4.2 billion, compared to the consensus revenue estimate of $4.01 billion.

What price target have analysts set for AVT?

7 analysts have issued 12 month target prices for Avnet's stock. Their forecasts range from $27.00 to $37.00. On average, they expect Avnet's share price to reach $31.33 in the next twelve months. This suggests a possible upside of 20.4% from the stock's current price.
View analysts' price targets 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 Bristol-Myers Squibb (BMY), Intel (INTC), QUALCOMM (QCOM), AbbVie (ABBV), Cisco Systems (CSCO), The Procter & Gamble (PG), Adobe (ADBE), Analog Devices (ADI), Best Buy (BBY) and Netflix (NFLX).

Who are Avnet's key executives?

Avnet's management team includes the following people:
  • Mr. Philip R. Gallagher, Interim CEO, Global Pres of Electronic Components Bus. & Member of Exec. Board (Age 59, Pay $1.07M)
  • Mr. Thomas Liguori, CFO & Member of Exec. Board (Age 61, Pay $1.01M)
  • Ms. MaryAnn G. Miller, Sr. VP, Chief Admin. Officer & Member of Exec. Board (Age 63, Pay $913.18k)
  • Mr. Michael Ryan McCoy, Gen. Counsel, Chief Legal Officer & Member of Exec. Board
  • Mr. Ken E. Arnold, Sr. VP, Chief People Officer & Member of Exec. Board (Age 56)

What is Avnet's stock symbol?

Avnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVT."

Who are Avnet's major shareholders?

Avnet's stock is owned by many different retail and institutional investors. Top institutional investors include LSV Asset Management (0.70%), Pacer Advisors Inc. (0.06%), Standard Life Aberdeen plc (0.04%), Foster & Motley Inc. (0.04%), Envestnet Asset Management Inc. (0.03%) and Empirical Finance LLC (0.03%). Company insiders that own Avnet stock include James A Lawrence, Kenneth A Jacobson, Maryann G Miller, Philip R Gallagher and William H Schumann.
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 Cerebellum GP LLC, Envestnet Asset Management Inc., James Investment Research Inc., New Mexico Educational Retirement Board, Crossmark Global Holdings Inc., Standard Life Aberdeen plc, Foster & Motley Inc., and State of Alaska Department of Revenue. Company insiders that have sold Avnet company stock in the last year include James A Lawrence, and Maryann G Miller.
View insider buying and selling activity for Avnet
.

Which institutional investors are buying Avnet stock?

AVT stock was purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, Pacer Advisors Inc., Empirical Finance LLC, First Hawaiian Bank, Wedge Capital Management L L P NC, and Xponance Inc..
View insider buying and selling activity 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 $26.02.

How big of a company is Avnet?

Avnet has a market capitalization of $2.57 billion. Avnet employs 14,600 workers across the globe.

What is Avnet's official website?

The official website for Avnet is 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]

This page was last updated on 10/28/2020 by MarketBeat.com Staff

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