Avnet, Inc. $AVT Shares Sold by Lind Value II ApS

Lind Value II ApS lowered its holdings in Avnet, Inc. (NASDAQ:AVT) by 16.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 833,931 shares of the company’s stock after selling 169,966 shares during the period. Avnet comprises about 19.5% of Lind Value II ApS’s investment portfolio, making the stock its 2nd biggest holding. Lind Value II ApS owned about 0.99% of Avnet worth $44,265,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AVT. American Century Companies Inc. raised its position in shares of Avnet by 10.8% during the 1st quarter. American Century Companies Inc. now owns 3,880,865 shares of the company’s stock worth $186,631,000 after purchasing an additional 378,440 shares during the period. Woodline Partners LP grew its stake in Avnet by 44.9% during the 1st quarter. Woodline Partners LP now owns 1,055,356 shares of the company’s stock worth $50,752,000 after buying an additional 327,195 shares during the last quarter. Pzena Investment Management LLC grew its position in shares of Avnet by 2.9% during the second quarter. Pzena Investment Management LLC now owns 7,341,299 shares of the company’s stock worth $389,676,000 after acquiring an additional 209,003 shares during the last quarter. Nuveen LLC bought a new position in shares of Avnet during the first quarter worth about $9,703,000. Finally, Gotham Asset Management LLC grew its position in shares of Avnet by 96.1% during the first quarter. Gotham Asset Management LLC now owns 369,807 shares of the company’s stock worth $17,784,000 after acquiring an additional 181,246 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AVT. Truist Financial lifted their price objective on shares of Avnet from $54.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday. Bank of America lifted their price target on Avnet from $48.00 to $50.00 and gave the company an “underperform” rating in a report on Monday, August 11th. Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Avnet presently has a consensus rating of “Reduce” and an average target price of $49.33.

Avnet Stock Performance

AVT opened at $48.45 on Friday. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 0.36 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.36 and a quick ratio of 1.16. Avnet, Inc. has a 1-year low of $39.22 and a 1-year high of $57.68. The business has a 50 day moving average price of $52.39 and a two-hundred day moving average price of $52.20.

Avnet (NASDAQ:AVT) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.73 billion. Avnet had a return on equity of 5.91% and a net margin of 1.04%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS. Research analysts predict that Avnet, Inc. will post 3.41 EPS for the current fiscal year.

Avnet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 17th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, September 17th. This is a positive change from Avnet’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. Avnet’s payout ratio is 52.24%.

About Avnet

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.