13,000 Shares in Avnet, Inc. $AVT Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc bought a new stake in Avnet, Inc. (NASDAQ:AVT) during the third quarter, HoldingsChannel reports. The fund bought 13,000 shares of the company’s stock, valued at approximately $676,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in shares of Avnet by 132.7% in 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 in the last quarter. MAI Capital Management raised its holdings in shares of Avnet by 53.7% during the 3rd quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $35,000 after buying an additional 235 shares in the last quarter. Quent Capital LLC bought a new stake in Avnet in the 3rd quarter worth approximately $38,000. Winnow Wealth LLC purchased a new stake in Avnet in the third quarter worth approximately $39,000. Finally, SJS Investment Consulting Inc. boosted its stake in Avnet by 7,176.9% in the third quarter. SJS Investment Consulting Inc. now owns 946 shares of the company’s stock worth $49,000 after buying an additional 933 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

AVT has been the topic of several research reports. Truist Financial lifted their price target on shares of 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 raised shares of Avnet from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings cut shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Finally, Wells Fargo & Company upped their price target on shares of Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $54.33.

Avnet Stock Down 1.8%

Shares of Avnet stock opened at $66.15 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 2.07. Avnet, Inc. has a 52-week low of $39.22 and a 52-week high of $68.29. The company’s 50 day moving average price is $56.57 and its 200-day moving average price is $52.82. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 0.50 and a beta of 0.93.

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

Avnet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, March 4th. Avnet’s dividend payout ratio is currently 57.38%.

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.