Avnet, Inc. (NASDAQ:AVT) Short Interest Update

Avnet, Inc. (NASDAQ:AVT) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 7,139,957 shares, a drop of 17.6% from the January 29th total of 8,667,505 shares. Based on an average daily volume of 1,521,633 shares, the days-to-cover ratio is presently 4.7 days. Approximately 8.9% of the company’s stock are sold short. Approximately 8.9% of the company’s stock are sold short. Based on an average daily volume of 1,521,633 shares, the days-to-cover ratio is presently 4.7 days.

Avnet Price Performance

Avnet stock opened at $64.98 on Tuesday. The business has a 50 day simple moving average of $57.21 and a 200-day simple moving average of $52.98. Avnet has a 12 month low of $39.22 and a 12 month high of $68.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.07 and a quick ratio of 1.07. The stock has a market capitalization of $5.32 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 0.49 and a beta of 0.93.

Avnet (NASDAQ:AVT) last issued 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 net margin of 0.90% and a return on equity of 6.08%. The business had revenue of $6.32 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same period in the previous year, the business posted $0.87 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. Equities analysts predict that Avnet will post 3.41 earnings per share for the current year.

Avnet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be paid a $0.35 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Avnet’s payout ratio is 57.38%.

Analyst Ratings Changes

AVT has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of Avnet from $43.00 to $48.00 and gave the stock an “underweight” 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 report on Saturday, January 31st. Weiss Ratings lowered shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Finally, Truist Financial lifted their price objective on shares of Avnet from $55.00 to $65.00 and gave the stock a “hold” 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 stock. According to data from MarketBeat, Avnet presently has an average rating of “Reduce” and an average price target of $54.33.

Institutional Investors Weigh In On Avnet

A number of hedge funds and other institutional investors have recently bought and sold shares of AVT. Kera Capital Partners Inc. acquired a new position in shares of Avnet during the 4th quarter worth $244,000. Mackenzie Financial Corp lifted its stake in shares of Avnet by 24.7% in the fourth quarter. Mackenzie Financial Corp now owns 33,651 shares of the company’s stock valued at $1,644,000 after purchasing an additional 6,656 shares during the period. XTX Topco Ltd lifted its stake in shares of Avnet by 69.5% in the fourth quarter. XTX Topco Ltd now owns 9,219 shares of the company’s stock valued at $443,000 after purchasing an additional 3,779 shares during the period. Voloridge Investment Management LLC boosted its holdings in Avnet by 4.7% during the fourth quarter. Voloridge Investment Management LLC now owns 303,501 shares of the company’s stock worth $14,592,000 after buying an additional 13,699 shares in the last quarter. Finally, Verdad Advisers LP acquired a new position in Avnet during the fourth quarter worth about $240,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.