Capital Financial Group Inc. Co. ADV Acquires Shares of 7,087 Avnet, Inc. $AVT

Capital Financial Group Inc. Co. ADV acquired a new stake in Avnet, Inc. (NASDAQ:AVT) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 7,087 shares of the company’s stock, valued at approximately $341,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVT. BOKF NA lifted its stake in Avnet by 1,116.7% in the third quarter. BOKF NA now owns 584 shares of the company’s stock valued at $31,000 after buying an additional 536 shares during the last quarter. MAI Capital Management lifted its stake in Avnet by 53.7% in the third quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $35,000 after buying an additional 235 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Avnet by 53.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 737 shares of the company’s stock valued at $35,000 after buying an additional 258 shares during the last quarter. Allworth Financial LP lifted its stake in Avnet by 199.1% in the third quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $37,000 after buying an additional 466 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Avnet by 62.0% in the fourth quarter. Hantz Financial Services Inc. now owns 852 shares of the company’s stock valued at $41,000 after buying an additional 326 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Avnet Trading Up 1.3%

NASDAQ:AVT opened at $91.78 on Tuesday. The firm has a market cap of $7.53 billion, a P/E ratio of 35.71, a PEG ratio of 0.41 and a beta of 1.08. 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’s 50 day simple moving average is $80.72 and its 200-day simple moving average is $64.98. Avnet, Inc. has a 12-month low of $44.25 and a 12-month high of $95.26.

Avnet (NASDAQ:AVT) last released its earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.15. The business had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.45 billion. Avnet had a return on equity of 7.07% and a net margin of 0.86%.The company’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. Equities analysts anticipate that Avnet, Inc. will post 5.12 EPS for the current year.

Avnet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Avnet’s dividend payout ratio is currently 54.47%.

Analysts Set New Price Targets

A number of brokerages have weighed in on AVT. Wall Street Zen cut Avnet from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Weiss Ratings cut Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Bank of America upgraded Avnet from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $66.00 to $96.00 in a research note on Wednesday, May 13th. Truist Financial boosted their price objective on Avnet to $95.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.00.

Insiders Place Their Bets

In related news, CEO Philip R. Gallagher sold 23,920 shares of the company’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 transaction, 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 legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by corporate insiders.

Avnet Company 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.