Avnet, Inc. (NASDAQ:AVT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Avnet, Inc. (NASDAQ:AVT) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $89.00.

A number of equities analysts have recently commented on AVT shares. Wall Street Zen lowered Avnet from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Bank of America upgraded shares of Avnet from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $66.00 to $96.00 in a research report on Wednesday. Raymond James Financial reissued a “strong-buy” rating and issued a $95.00 price target on shares of Avnet in a research report on Thursday, April 30th. Truist Financial raised their price target on shares of Avnet to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Zacks Research upgraded Avnet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th.

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 that occurred on Tuesday, May 5th. The shares were sold at an average price of $82.92, for a total transaction of $1,983,446.40. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new position in Avnet in the third quarter valued at approximately $616,000. Candriam S.C.A. acquired a new stake in Avnet during the 3rd quarter worth $2,064,000. Vanguard Group Inc. grew its holdings in Avnet by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 10,783,059 shares of the company’s stock worth $563,738,000 after acquiring an additional 214,290 shares during the period. Bessemer Group Inc. grew its holdings in Avnet by 7,002.0% during the 3rd quarter. Bessemer Group Inc. now owns 28,053 shares of the company’s stock worth $1,466,000 after acquiring an additional 27,658 shares during the period. Finally, Polaris Capital Management LLC bought a new stake in shares of Avnet during the 3rd quarter valued at $1,861,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Key Avnet News

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Bank of America upgraded Avnet, boosting investor confidence and helping the shares rise. Avnet rises after rating upgrade at BofA
• Positive Sentiment: Analysts lifted the price target to $83.13, implying additional upside potential for Avnet (AVT). Avnet price target increased by 23.48% to 83.13
• Positive Sentiment: Zacks raised multiple forward earnings estimates, signaling expectations for stronger profitability in coming fiscal periods.
• Neutral Sentiment: Zacks lowered its Q3 2027 EPS estimate slightly, but kept a Strong-Buy rating and raised longer-term forecasts overall.

Avnet Stock Performance

Shares of NASDAQ AVT opened at $84.06 on Monday. Avnet has a 12-month low of $44.25 and a 12-month high of $87.46. 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 company has a market cap of $6.89 billion, a PE ratio of 32.71, a P/E/G ratio of 0.41 and a beta of 1.09. The stock has a 50 day simple moving average of $69.51 and a 200-day simple moving average of $58.96.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.15. The business had revenue of $7.12 billion during 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%.Avnet’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, equities research analysts forecast that Avnet will post 4.92 EPS for the current year.

Avnet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, March 4th. Avnet’s dividend payout ratio (DPR) is presently 54.47%.

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.