Avnet (NASDAQ:AVT) SVP Michael Ryan Mccoy Sells 32,052 Shares of Stock

Avnet, Inc. (NASDAQ:AVT) SVP Michael Ryan Mccoy sold 32,052 shares of Avnet stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $91.10, for a total transaction of $2,919,937.20. Following the transaction, the senior vice president directly owned 76,674 shares in the company, valued at $6,985,001.40. This represents a 29.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Avnet Stock Performance

Shares of AVT stock opened at $88.64 on Friday. The firm has a 50-day moving average of $89.35 and a 200-day moving average of $78.27. The company has a market cap of $7.27 billion, a P/E ratio of 22.22, a P/E/G ratio of 0.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.78 and a quick ratio of 0.97. Avnet, Inc. has a one year low of $44.25 and a one year high of $100.00.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.48. Avnet had a net margin of 1.21% and a return on equity of 9.57%. The business had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $7.56 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Equities research analysts forecast that Avnet, Inc. will post 10.45 EPS for the current fiscal year.

Avnet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.7%. This is an increase from Avnet’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, September 9th. Avnet’s dividend payout ratio is 35.09%.

Institutional Investors Weigh In On Avnet

Several large investors have recently added to or reduced their stakes in AVT. Jefferies Financial Group Inc. purchased a new position in shares of Avnet in the fourth quarter worth about $602,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Avnet during the 4th quarter valued at approximately $4,865,000. Foster & Motley Inc. purchased a new stake in shares of Avnet during the 2nd quarter valued at approximately $11,263,000. Edgestream Partners L.P. bought a new position in Avnet in the 1st quarter worth approximately $2,400,000. Finally, GSA Capital Partners LLP boosted its holdings in Avnet by 255.2% in the 4th quarter. GSA Capital Partners LLP now owns 41,830 shares of the company’s stock worth $2,011,000 after buying an additional 30,052 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Raymond James Financial reaffirmed a “strong-buy” rating and set a $95.00 target price on shares of Avnet in a research report on Thursday, April 30th. Truist Financial boosted their price target on shares of Avnet from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Bank of America upgraded shares of Avnet from an “underperform” rating to a “neutral” rating and increased their price target for the company from $66.00 to $96.00 in a research report on Wednesday, May 13th. Wells Fargo & Company raised their price objective on shares of Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Monday, July 20th. Finally, Wall Street Zen raised shares of Avnet from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Avnet presently has a consensus rating of “Moderate Buy” and an average price target of $93.25.

Trending Headlines about Avnet

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Broad-based earnings estimate increases: Zacks Research raised its EPS forecasts across multiple periods, including Q1 2027 to $2.85 from $1.53, Q2 2027 to $2.16 from $1.74, Q3 2027 to $1.96 from $1.55, and FY2027 to $9.00 from $6.65. The firm also lifted FY2028 estimates to $9.79 from $7.19 and projects FY2029 EPS of $10.15. Zacks maintains a “Strong-Buy” rating. Zacks Research earnings estimates
• Positive Sentiment: Higher forward-quarter expectations: The firm increased its Q1 2028 forecast to $3.14 from $1.85, Q2 2028 to $2.35 from $1.89, Q3 2028 to $2.06 from $1.66, and Q4 2028 to $2.23 from $1.79. These revisions point to stronger anticipated earnings momentum than previously expected. Avnet forward earnings revisions
• Positive Sentiment: Dividend increase: Avnet declared a quarterly dividend of $0.37 per share, up from $0.35, representing a 5.7% increase. The dividend is payable September 23 to shareholders of record September 9, with an indicated annual yield of approximately 1.7%. Avnet increases quarterly dividend
• Neutral Sentiment: Valuation remains a focus: Zacks is examining whether Avnet is undervalued based on value, growth, momentum, and earnings-estimate trends. The discussion could attract value-oriented investors, although the article details provided do not include a specific valuation conclusion. Are Investors Undervaluing Avnet

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.