Bessemer Group Inc. Purchases 27,658 Shares of Avnet, Inc. $AVT

Bessemer Group Inc. lifted its holdings in Avnet, Inc. (NASDAQ:AVT) by 7,002.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,053 shares of the company’s stock after purchasing an additional 27,658 shares during the quarter. Bessemer Group Inc.’s holdings in Avnet were worth $1,466,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. increased its position in shares of Avnet by 132.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock worth $27,000 after purchasing an additional 300 shares during the last quarter. Quent Capital LLC bought a new stake in shares of Avnet during the third quarter worth approximately $38,000. Winnow Wealth LLC bought a new stake in Avnet in the 3rd quarter valued at $39,000. SJS Investment Consulting Inc. boosted its position in shares of Avnet by 7,176.9% in the third quarter. SJS Investment Consulting Inc. now owns 946 shares of the company’s stock valued at $49,000 after acquiring an additional 933 shares during the period. Finally, Traub Capital Management LLC bought a new stake in Avnet in the 2nd quarter valued at about $50,000. Institutional investors own 95.78% of the company’s stock.

Avnet Stock Performance

Shares of AVT opened at $66.35 on Tuesday. Avnet, Inc. has a one year low of $39.22 and a one year high of $66.89. The company has a market cap of $5.43 billion, a PE ratio of 27.19, a P/E/G ratio of 0.50 and a beta of 0.92. The stock has a 50-day moving average of $52.17 and a 200-day moving average of $51.58. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.07 and a quick ratio of 1.07.

Avnet (NASDAQ:AVT) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The business had revenue of $6.32 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the prior year, the business earned $0.87 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. On average, equities research analysts predict that Avnet, Inc. will post 3.41 EPS for the current fiscal year.

Avnet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, December 3rd. Avnet’s dividend payout ratio (DPR) is currently 57.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AVT shares. Wells Fargo & Company lifted their price objective on Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a report on Thursday, January 29th. Weiss Ratings raised shares of Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, January 30th. Wall Street Zen upgraded Avnet from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Truist Financial raised their price target on shares of Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. Finally, Zacks Research upgraded Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Avnet currently has an average rating of “Reduce” and an average price target of $54.33.

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.