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NYSE:AVTAvnet Stock Price, Forecast & News

$27.24
-0.34 (-1.23 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$26.75
Now: $27.24
$27.50
50-Day Range
$25.40
MA: $27.88
$30.29
52-Week Range
$17.85
Now: $27.24
$46.41
Volume897,428 shs
Average Volume1.02 million shs
Market Capitalization$2.69 billion
P/E RatioN/A
Dividend Yield3.05%
BetaN/A
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.93 out of 5 stars


Industry, Sector and Symbol

Industry Electronic parts & equipment, not elsewhere classified
Sub-IndustryTechnology Distributors
SectorComputer and Technology
CUSIP05380710
CIK8858
Phone480-643-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Market Cap$2.69 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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Avnet (NYSE:AVT) Frequently Asked Questions

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

Avnet's stock was trading at $28.28 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AVT shares have decreased by 3.7% and is now trading at $27.24. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Avnet?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 1 sell rating, 7 hold ratings 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 Thursday, August 13th 2020. View our earnings forecast for Avnet.

How were Avnet's earnings last quarter?

Avnet (NYSE:AVT) posted its quarterly earnings data on Monday, April, 27th. The technology company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. The technology company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.03 billion. The firm's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. View Avnet's earnings history.

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

Avnet announced a quarterly dividend on Friday, May 22nd. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.21 per share on Wednesday, June 17th. This represents a $0.84 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Tuesday, June 2nd. View Avnet's dividend history.

How will Avnet's stock buyback program work?

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

What price target have analysts set for AVT?

9 brokerages have issued 1 year price objectives for Avnet's stock. Their forecasts range from $27.00 to $44.00. On average, they anticipate Avnet's stock price to reach $35.43 in the next twelve months. This suggests a possible upside of 30.1% from the stock's current price. View analysts' price targets for Avnet.

Has Avnet been receiving favorable news coverage?

Media coverage about AVT stock has been trending very negative on Saturday, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avnet earned a coverage optimism score of -3.5 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutAvnet.

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 AbbVie (ABBV), Cisco Systems (CSCO), Procter & Gamble (PG), Adobe (ADBE), Bristol-Myers Squibb (BMY), Comcast (CMCSA), Intel (INTC), Netflix (NFLX), PepsiCo (PEP) and QUALCOMM (QCOM).

Who are Avnet's key executives?

Avnet's management team includes the following 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)

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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.52%), Pzena Investment Management LLC (9.05%), AQR Capital Management LLC (4.22%), Janus Henderson Group PLC (3.91%), State Street Corp (3.82%) and Lord Abbett & CO. LLC (2.45%). 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 Prudential PLC, Polaris Capital Management LLC, Legal & General Group Plc, Mackay Shields LLC, Russell Investments Group Ltd., Two Sigma Investments LP, Nuveen Asset Management LLC, and Wells Fargo & Company MN. Company insiders that have sold Avnet company stock in the last year include James A Lawrence, Maryann G Miller, Philip R Gallagher, and William H Schumann. 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 BlackRock Inc., Janus Henderson Group PLC, Advisory Research Inc., AQR Capital Management LLC, Deutsche Bank AG, Fuller & Thaler Asset Management Inc., State Street Corp, and KBC Group NV. 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 $27.24.

How big of a company is Avnet?

Avnet has a market capitalization of $2.69 billion.

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 5/30/2020 by MarketBeat.com Staff

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