Avnet, Inc. $AVT Shares Sold by EMC Capital Management

EMC Capital Management decreased its holdings in Avnet, Inc. (NASDAQ:AVT) by 49.3% in the second quarter, Holdings Channel reports. The fund owned 4,637 shares of the company’s stock after selling 4,512 shares during the period. EMC Capital Management’s holdings in Avnet were worth $246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pzena Investment Management LLC increased its holdings in shares of Avnet by 2.9% in the second quarter. Pzena Investment Management LLC now owns 7,341,299 shares of the company’s stock valued at $389,676,000 after purchasing an additional 209,003 shares during the last quarter. American Century Companies Inc. boosted its stake in Avnet by 10.8% during the first quarter. American Century Companies Inc. now owns 3,880,865 shares of the company’s stock worth $186,631,000 after buying an additional 378,440 shares during the last quarter. LSV Asset Management grew its holdings in Avnet by 2.5% in the 2nd quarter. LSV Asset Management now owns 2,667,923 shares of the company’s stock valued at $141,613,000 after buying an additional 66,191 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Avnet by 5.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,581,227 shares of the company’s stock worth $124,131,000 after acquiring an additional 134,372 shares during the last quarter. Finally, Earnest Partners LLC increased its stake in shares of Avnet by 3.4% in the 1st quarter. Earnest Partners LLC now owns 1,520,075 shares of the company’s stock worth $73,100,000 after acquiring an additional 50,041 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Avnet Price Performance

Shares of AVT opened at $45.18 on Wednesday. Avnet, Inc. has a 1-year low of $39.22 and a 1-year high of $57.24. The stock has a market cap of $3.67 billion, a PE ratio of 16.86, a P/E/G ratio of 0.36 and a beta of 1.05. The firm has a 50-day simple moving average of $50.69 and a two-hundred day simple moving average of $52.03. 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 (NASDAQ:AVT) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.73 billion. Avnet had a net margin of 1.04% and a return on equity of 5.91%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS. As a group, analysts forecast that Avnet, Inc. will post 3.41 EPS for the current year.

Avnet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Wednesday, September 17th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This is a boost from Avnet’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. Avnet’s payout ratio is presently 52.24%.

Analyst Ratings Changes

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

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.