16,786 Shares in Avnet, Inc. $AVT Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in Avnet, Inc. (NASDAQ:AVT) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 16,786 shares of the company’s stock, valued at approximately $891,000.

Several other hedge funds also recently modified their holdings of AVT. Norges Bank purchased a new stake in shares of Avnet during the second quarter worth about $51,495,000. American Century Companies Inc. lifted its stake in shares of Avnet by 10.8% during the first quarter. American Century Companies Inc. now owns 3,880,865 shares of the company’s stock valued at $186,631,000 after buying an additional 378,440 shares during the period. Woodline Partners LP boosted its position in Avnet by 44.9% during the first quarter. Woodline Partners LP now owns 1,055,356 shares of the company’s stock worth $50,752,000 after acquiring an additional 327,195 shares during the last quarter. SG Capital Management LLC acquired a new stake in Avnet during the second quarter worth approximately $16,941,000. Finally, Boston Partners grew its stake in Avnet by 47.8% in the 2nd quarter. Boston Partners now owns 739,195 shares of the company’s stock worth $39,095,000 after acquiring an additional 239,226 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Avnet Trading Up 0.1%

Shares of AVT opened at $50.49 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.12 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $4.11 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. The stock’s fifty day simple moving average is $49.01 and its 200 day simple moving average is $51.67. Avnet, Inc. has a twelve month low of $39.22 and a twelve month high of $57.24.

Avnet (NASDAQ:AVT) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.73 billion. Avnet had a return on equity of 5.91% and a net margin of 1.04%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS. On average, equities research analysts forecast that Avnet, Inc. will post 3.41 earnings per share for the current year.

Avnet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.8%. Avnet’s payout ratio is presently 52.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Truist Financial increased their target price on Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Finally, Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Avnet currently has an average rating of “Reduce” and an average target price of $49.33.

Avnet Profile

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.