Lind Value II ApS Acquires 111,739 Shares of Avnet, Inc. $AVT

Lind Value II ApS grew its holdings in Avnet, Inc. (NASDAQ:AVT) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 921,812 shares of the company’s stock after purchasing an additional 111,739 shares during the period. Avnet comprises 14.3% of Lind Value II ApS’s portfolio, making the stock its 3rd largest holding. Lind Value II ApS’s holdings in Avnet were worth $44,321,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AVT. Royal Bank of Canada increased its holdings in shares of Avnet by 3.0% in the 1st quarter. Royal Bank of Canada now owns 71,697 shares of the company’s stock valued at $3,447,000 after purchasing an additional 2,101 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Avnet by 16.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company’s stock valued at $11,148,000 after purchasing an additional 31,919 shares during the period. United Services Automobile Association acquired a new position in shares of Avnet in the 1st quarter valued at about $267,000. Empowered Funds LLC increased its holdings in shares of Avnet by 9.3% in the 1st quarter. Empowered Funds LLC now owns 8,142 shares of the company’s stock valued at $392,000 after purchasing an additional 696 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Avnet by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,757 shares of the company’s stock valued at $17,012,000 after purchasing an additional 16,443 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

AVT has been the topic of a number of research reports. Truist Financial increased their price objective on Avnet to $95.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Raymond James Financial restated a “strong-buy” rating and issued a $95.00 price objective on shares of Avnet in a report on Thursday, April 30th. Weiss Ratings downgraded Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Wall Street Zen downgraded Avnet from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Zacks Research upgraded Avnet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Avnet Trading Up 3.0%

NASDAQ:AVT opened at $85.91 on Friday. The stock’s 50 day moving average price is $71.79 and its 200 day moving average price is $60.17. Avnet, Inc. has a 52 week low of $44.25 and a 52 week high of $87.46. The company has a market capitalization of $7.05 billion, a P/E ratio of 33.43, a P/E/G ratio of 0.39 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 2.01.

Avnet (NASDAQ:AVT) last announced 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. The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Avnet had a return on equity of 7.07% and a net margin of 0.86%.The company’s revenue was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, research analysts forecast that Avnet, Inc. will post 5.12 EPS for the current fiscal year.

Avnet Announces Dividend

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

Insider Transactions at Avnet

In other Avnet news, CEO Philip R. Gallagher sold 23,920 shares of the company’s stock in a transaction that occurred 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 owned 145,003 shares of the company’s stock, valued at $12,023,648.76. This represents a 14.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Avnet Profile

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.