Brokerages Set Avnet, Inc. (NASDAQ:AVT) Price Target at $54.33

Avnet, Inc. (NASDAQ:AVT) has been assigned an average recommendation of “Reduce” from the five brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $54.3333.

Several equities analysts have weighed in on AVT shares. Wall Street Zen raised shares of Avnet from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Wells Fargo & Company increased their price objective 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. Truist Financial raised their price objective on shares of Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings cut shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th.

Institutional Trading of Avnet

Several institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Avnet during the 4th quarter valued at approximately $62,393,000. AQR Capital Management LLC boosted its stake in Avnet by 30.7% in the 4th quarter. AQR Capital Management LLC now owns 2,961,608 shares of the company’s stock worth $142,394,000 after purchasing an additional 695,929 shares during the period. Jain Global LLC purchased a new stake in Avnet during the 4th quarter valued at approximately $18,873,000. Loews Corp grew its holdings in Avnet by 258.3% during the 4th quarter. Loews Corp now owns 430,000 shares of the company’s stock valued at $20,674,000 after buying an additional 310,000 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Avnet by 75.3% during the fourth quarter. Millennium Management LLC now owns 654,695 shares of the company’s stock valued at $31,478,000 after buying an additional 281,273 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Avnet Stock Performance

Shares of AVT opened at $61.22 on Friday. 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 business has a 50-day simple moving average of $60.92 and a two-hundred day simple moving average of $53.75. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 0.44 and a beta of 0.91. Avnet has a 52 week low of $39.22 and a 52 week high of $68.29.

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

Avnet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, March 4th. Avnet’s payout ratio is presently 57.38%.

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.