Avnet (NASDAQ:AVT) Sets New 1-Year High – Should You Buy?

Avnet, Inc. (NASDAQ:AVT)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $63.80 and last traded at $63.31, with a volume of 2339232 shares traded. The stock had previously closed at $62.39.

Analyst Upgrades and Downgrades

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

Avnet Stock Up 1.6%

The company has a quick ratio of 1.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. The stock has a market cap of $5.24 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 0.47 and a beta of 0.93. The firm has a fifty day moving average of $51.07 and a 200 day moving average of $51.37.

Avnet (NASDAQ:AVT) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 earnings per share (EPS) 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 company had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the previous year, the business earned $0.87 EPS. Avnet’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 anticipate that Avnet, Inc. will post 3.41 EPS for the current fiscal year.

Avnet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, December 3rd. Avnet’s payout ratio is currently 57.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AVT. Hantz Financial Services Inc. lifted its position in Avnet by 132.7% in the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. BOKF NA increased its position in shares of Avnet by 1,116.7% during the third quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after purchasing an additional 536 shares in the last quarter. MAI Capital Management lifted its holdings in shares of Avnet by 53.7% in the 3rd quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $35,000 after purchasing an additional 235 shares during the last quarter. Allworth Financial LP boosted its position in shares of Avnet by 199.1% in the 3rd quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $37,000 after purchasing an additional 466 shares during the period. Finally, Quent Capital LLC acquired a new stake in shares of Avnet in the 3rd quarter valued at about $38,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.