NYSE:AVT - Avnet Stock Price, Forecast & News

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

Avnet announced 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 annualized dividend and a yield of 2.01%. The ex-dividend date is Tuesday, December 3rd. View Avnet's Dividend History.

Avnet declared that its board has initiated a stock buyback plan on Monday, August 19th 2019, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 11% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its stock is undervalued.

Avnet (NYSE:AVT) posted its earnings results on Thursday, October, 24th. The technology company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.65 by $0.05. The technology company had revenue of $4.63 billion for the quarter, compared to analysts' expectations of $4.56 billion. The business's revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. View Avnet's Earnings History.

Avnet is scheduled to release their next quarterly earnings announcement on Thursday, January 23rd 2020. View Earnings Estimates for Avnet.

Avnet will be holding an earnings conference call on Thursday, January 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Avnet updated its second quarter earnings guidance on Thursday, October, 24th. The company provided earnings per share guidance of $0.35-0.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.70. The company issued revenue guidance of $4.2-4.6 billion, compared to the consensus revenue estimate of $4.57 billion.

7 brokerages have issued 1 year price objectives for Avnet's shares. Their forecasts range from $35.00 to $47.00. On average, they expect Avnet's share price to reach $41.67 in the next twelve months. This suggests that the stock has a possible downside of 0.5%. View Analyst Price Targets for Avnet.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 2 sell ratings, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avnet.

News stories about AVT stock have trended somewhat negative on Friday, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Avnet earned a media sentiment score of -1.2 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Avnet.

Some companies that are related to Avnet include SYNNEX (SNX), Arrow Electronics (ARW), Tech Data (TECD), Anixter International (AXE), Insight Enterprises (NSIT), PC Connection (CNXN), ScanSource (SCSC), Agilysys (AGYS) and Richardson Electronics (RELL).

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), Nike (NKE) and Walmart (WMT).

Avnet's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Nisa Investment Advisors LLC (0.06%), Fruth Investment Management (0.03%), Louisiana State Employees Retirement System (0.02%), CenturyLink Investment Management Co (0.02%), First Hawaiian Bank (0.02%) and State of Alaska Department of Revenue (0.02%). 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.

AVT stock was sold by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, CenturyLink Investment Management Co, State of Alaska Department of Revenue, Fruth Investment Management, Louisiana State Employees Retirement System and Steward Partners Investment Advisory LLC. 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.

AVT stock was acquired by a variety of institutional investors in the last quarter, including Sciencast Management LP, First Hawaiian Bank, Cerebellum GP LLC, Zeke Capital Advisors LLC, Alpha Windward LLC and Huntington National Bank. View Insider Buying and Selling for 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.

One share of AVT stock can currently be purchased for approximately $41.86.

Avnet has a market capitalization of $4.23 billion. View Additional Information About Avnet.

The official website for Avnet is http://www.avnet.com/.

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]