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NASDAQ:AVT

Avnet (AVT) Stock Price, News & Analysis

Avnet logo
$54.21
-3.48 (-6.03%)
(As of 10/31/2024 ET)

About Avnet Stock (NASDAQ:AVT)

Key Stats

Today's Range
$54.17
$57.37
50-Day Range
$49.63
$57.69
52-Week Range
$42.67
$59.24
Volume
1.27 million shs
Average Volume
598,664 shs
Market Capitalization
$4.74 billion
P/E Ratio
10.02
Dividend Yield
2.43%
Price Target
$48.50
Consensus Rating
Reduce

Company Overview

Avnet, Inc., distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; 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 embedded solutions, such as technical design, integration, and assembly of embedded products, systems, and solutions primarily for industrial applications, as well as embedded display solutions comprising touch and passive displays; and 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, such as 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 Asia. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

Avnet Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
84th Percentile Overall Score

AVT MarketRank™: 

Avnet scored higher than 84% of companies evaluated by MarketBeat, and ranked 208th out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Avnet has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 2 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Avnet has only been the subject of 3 research reports in the past 90 days.

  • Read more about Avnet's stock forecast and price target.
  • Earnings Growth

    Earnings for Avnet are expected to grow by 31.07% in the coming year, from $4.57 to $5.99 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Avnet is 10.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.70.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Avnet is 10.02, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 266.51.

  • Price to Book Value per Share Ratio

    Avnet has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Avnet's valuation and earnings.
  • Percentage of Shares Shorted

    4.85% of the float of Avnet has been sold short.
  • Short Interest Ratio / Days to Cover

    Avnet has a short interest ratio ("days to cover") of 7.6.
  • Change versus previous month

    Short interest in Avnet has recently increased by 0.24%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Avnet pays a meaningful dividend of 2.45%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Avnet has been increasing its dividend for 12 years.

  • Dividend Coverage

    The dividend payout ratio of Avnet is 24.40%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Avnet will have a dividend payout ratio of 22.04% next year. This indicates that Avnet will be able to sustain or increase its dividend.

  • Read more about Avnet's dividend.
  • Percentage of Shares Shorted

    4.85% of the float of Avnet has been sold short.
  • Short Interest Ratio / Days to Cover

    Avnet has a short interest ratio ("days to cover") of 7.6.
  • Change versus previous month

    Short interest in Avnet has recently increased by 0.24%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Avnet has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for Avnet this week, compared to 5 articles on an average week.
  • Search Interest

    Only 1 people have searched for AVT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Avnet to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Avnet insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.50% of the stock of Avnet is held by insiders.

  • Percentage Held by Institutions

    95.78% of the stock of Avnet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Avnet's insider trading history.
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AVT Stock News Headlines

Q1 2025 Avnet Inc Earnings Call
Avnet’s 2025 Q1 Earnings: Sales and Growth Insights
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Avnet, Inc. 2025 Q1 - Results - Earnings Call Presentation
Avnet Q1 Results Top Estimates, But Guides Q2 Adj. EPS Below Estimates
See More Headlines

AVT Stock Analysis - Frequently Asked Questions

Avnet's stock was trading at $50.40 on January 1st, 2024. Since then, AVT shares have increased by 7.6% and is now trading at $54.21.
View the best growth stocks for 2024 here
.

Avnet, Inc. (NASDAQ:AVT) released its quarterly earnings results on Wednesday, October, 30th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. The firm's quarterly revenue was down 11.5% on a year-over-year basis.

Top institutional investors of Avnet include Greenhaven Associates Inc. (4.34%), Lind Value II ApS (1.21%), New York State Common Retirement Fund (0.63%) and Raymond James & Associates (0.59%). Insiders that own company stock include Philip R Gallagher, Thomas Liguori, Ken E Arnold, Carlo Bozotti, James A Lawrence, William H Schumann and Elizabeth Mcmullen.
View institutional ownership trends
.

Shares of AVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Avnet investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), DiamondRock Hospitality (DRH), Voyager Therapeutics (VYGR), The RMR Group (RMR) and AUO (AUOTY).

Company Calendar

Ex-Dividend for 9/25 Dividend
9/11/2024
Dividend Payable
9/25/2024
Last Earnings
10/30/2024
Today
10/31/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Electronic parts & equipment, not elsewhere classified
Sub-Industry
Wholesale
Current Symbol
NASDAQ:AVT
CIK
8858
Employees
15,462
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$48.50
High Stock Price Target
$55.00
Low Stock Price Target
$42.00
Potential Upside/Downside
-15.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
4 Analysts

Profitability

Net Income
$498.70 million
Pretax Margin
2.66%

Debt

Sales & Book Value

Annual Sales
$23.76 billion
Cash Flow
$7.34 per share
Book Value
$54.50 per share

Miscellaneous

Free Float
86,967,000
Market Cap
$5.04 billion
Optionable
Optionable
Beta
1.15
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This page (NASDAQ:AVT) was last updated on 10/31/2024 by MarketBeat.com Staff
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