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NYSE:AVTAvnet Stock Price, Forecast & News

$29.88
+0.25 (+0.84 %)
(As of 06/4/2020 04:00 PM ET)
Add
Compare
Today's Range
$29.26
Now: $29.88
$30.08
50-Day Range
$25.40
MA: $27.84
$30.29
52-Week Range
$17.85
Now: $29.88
$46.41
Volume1.16 million shs
Average Volume1.02 million shs
Market Capitalization$2.95 billion
P/E RatioN/A
Dividend Yield2.83%
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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Avnet logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.73 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Market Cap$2.95 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AVT shares have increased by 5.7% and is now trading at $29.88. 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) announced its quarterly earnings data on Monday, April, 27th. The technology company reported $0.38 EPS for the quarter, beating the Zacks' consensus estimate of $0.32 by $0.06. The technology company earned $4.31 billion during the quarter, compared to analysts' expectations of $4.03 billion. The firm's revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 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, May 22nd. Stockholders 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 2.81%. The ex-dividend date is Tuesday, June 2nd. View Avnet's dividend history.

How will Avnet's stock buyback program work?

Avnet declared that its Board of Directors has initiated a share repurchase program 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 repurchase up to 11% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

What price target have analysts set for AVT?

9 equities research analysts have issued 12 month target prices for Avnet's shares. Their forecasts range from $27.00 to $44.00. On average, they expect Avnet's stock price to reach $35.43 in the next year. This suggests a possible upside of 18.6% 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 trended negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Avnet earned a news impact score of -2.6 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near 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 many different institutional and retail 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 major 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 major investors are buying Avnet stock?

AVT stock was bought 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 $29.88.

How big of a company is Avnet?

Avnet has a market capitalization of $2.95 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 6/4/2020 by MarketBeat.com Staff

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