CSM Advisors LLC Takes $5.80 Million Position in Avnet, Inc. $AVT

CSM Advisors LLC acquired a new stake in Avnet, Inc. (NASDAQ:AVT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 109,227 shares of the company’s stock, valued at approximately $5,798,000. CSM Advisors LLC owned 0.13% of Avnet as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position in Avnet by 109.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 528 shares of the company’s stock worth $28,000 after acquiring an additional 276 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Avnet by 43.0% in the 1st quarter. TD Private Client Wealth LLC now owns 818 shares of the company’s stock worth $39,000 after purchasing an additional 246 shares in the last quarter. SVB Wealth LLC acquired a new stake in Avnet during the first quarter valued at approximately $54,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Avnet during the second quarter valued at approximately $59,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Avnet by 877.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,310 shares of the company’s stock worth $63,000 after buying an additional 1,176 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AVT has been the topic of several research reports. Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Truist Financial boosted their target price on Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Avnet in a research report on Wednesday, October 8th. Finally, Bank of America lifted their price target on Avnet from $48.00 to $50.00 and gave the stock an “underperform” rating in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $49.33.

Avnet Stock Performance

Shares of Avnet stock opened at $47.26 on Monday. Avnet, Inc. has a 12 month low of $39.22 and a 12 month high of $57.24. The company has a quick ratio of 1.16, a current ratio of 2.36 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.84 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 0.36 and a beta of 1.05. The business has a fifty day simple moving average of $51.66 and a 200-day simple moving average of $52.23.

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

Avnet Increases Dividend

The business also recently declared 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. This is an increase from Avnet’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Wednesday, September 17th. Avnet’s dividend payout ratio is 52.24%.

Avnet Company Profile

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.