Avnet, Inc. (NASDAQ:AVT) Receives $89.00 Average Target Price from Analysts

Shares of Avnet, Inc. (NASDAQ:AVT) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $89.00.

A number of equities analysts have recently issued reports on AVT shares. Raymond James Financial reissued a “strong-buy” rating and issued a $95.00 target price on shares of Avnet in a report on Thursday, April 30th. Zacks Research upgraded shares of Avnet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Weiss Ratings cut shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Wells Fargo & Company increased their target price on shares of Avnet from $60.00 to $70.00 and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Finally, Bank of America upgraded shares of Avnet from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $66.00 to $96.00 in a research report on Wednesday, May 13th.

Insiders Place Their Bets

In related news, CEO Philip R. Gallagher sold 23,920 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $82.92, for a total transaction of $1,983,446.40. Following the completion of the sale, the chief executive officer directly owned 145,003 shares of the company’s stock, valued at $12,023,648.76. This trade represents a 14.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Avnet

Several large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. raised its stake in shares of Avnet by 132.7% in the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock worth $27,000 after acquiring an additional 300 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Avnet in the fourth quarter worth about $28,000. BOKF NA raised its stake in shares of Avnet by 1,116.7% in the third quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after acquiring an additional 536 shares during the last quarter. MAI Capital Management raised its stake in shares of Avnet by 53.7% in the third quarter. MAI Capital Management now owns 673 shares of the company’s stock worth $35,000 after acquiring an additional 235 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Avnet by 53.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 737 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Avnet Trading Down 0.1%

Shares of AVT opened at $86.93 on Friday. Avnet has a 1 year low of $44.25 and a 1 year high of $95.26. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $78.50 and a 200-day simple moving average of $63.76. The stock has a market cap of $7.13 billion, a PE ratio of 33.83, a PEG ratio of 0.39 and a beta of 1.08.

Avnet (NASDAQ:AVT) last issued its earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.15. Avnet had a return on equity of 7.07% and a net margin of 0.86%.The business had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the firm posted $0.84 EPS. Avnet’s quarterly revenue was up 34.0% compared to the same quarter last year. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, sell-side analysts predict that Avnet will post 5.12 EPS for the current fiscal year.

Avnet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. Avnet’s dividend payout ratio (DPR) is 54.47%.

About Avnet

Avnet, Inc (NASDAQ: AVT) is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet’s offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.