Dimensional Fund Advisors LP Acquires 22,137 Shares of Avnet, Inc. $AVT

Dimensional Fund Advisors LP increased its holdings in shares of Avnet, Inc. (NASDAQ:AVT) by 0.4% during the first quarter, Holdings Channel reports. The fund owned 5,885,636 shares of the company’s stock after acquiring an additional 22,137 shares during the quarter. Dimensional Fund Advisors LP owned about 0.07% of Avnet worth $362,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AVT. Jefferies Financial Group Inc. acquired a new position in Avnet in the 4th quarter valued at about $602,000. Jupiter Asset Management Ltd. acquired a new stake in Avnet during the fourth quarter worth approximately $4,865,000. GSA Capital Partners LLP lifted its position in Avnet by 255.2% during the fourth quarter. GSA Capital Partners LLP now owns 41,830 shares of the company’s stock worth $2,011,000 after acquiring an additional 30,052 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Avnet by 7.6% during the fourth quarter. LSV Asset Management now owns 2,811,171 shares of the company’s stock worth $135,161,000 after acquiring an additional 197,400 shares during the period. Finally, Lind Value II ApS boosted its holdings in shares of Avnet by 13.8% during the fourth quarter. Lind Value II ApS now owns 921,812 shares of the company’s stock worth $44,321,000 after acquiring an additional 111,739 shares during the period. Institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

AVT has been the topic of several research reports. Wells Fargo & Company upped their target price on Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Monday. Truist Financial boosted their price target on Avnet to $95.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings raised Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Wall Street Zen cut Avnet from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Bank of America raised Avnet from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $66.00 to $96.00 in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Avnet presently has a consensus rating of “Moderate Buy” and an average price target of $89.50.

Insider Buying and Selling at Avnet

In other 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 completion of the sale, the chief executive officer directly owned 145,003 shares in the company, valued at approximately $12,023,648.76. This represents a 14.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Avnet Stock Up 5.7%

Shares of AVT opened at $89.85 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50. Avnet, Inc. has a 12 month low of $44.25 and a 12 month high of $95.26. The firm’s 50 day moving average is $87.06 and its 200-day moving average is $71.95. The stock has a market capitalization of $7.37 billion, a PE ratio of 34.96, a P/E/G ratio of 0.27 and a beta of 1.09.

Avnet (NASDAQ:AVT) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.15. The business 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 firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period 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 research analysts forecast that Avnet, Inc. will post 5.12 EPS for the current year.

Avnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.40 annualized dividend and a yield of 1.6%. Avnet’s payout ratio is currently 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.