Avnet, Inc. (NASDAQ:AVT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Avnet, Inc. (NASDAQ:AVT) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $93.25.

AVT has been the subject of several recent research reports. Zacks Research upgraded Avnet from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Raymond James Financial restated a “strong-buy” rating and set a $95.00 price objective on shares of Avnet in a research note on Thursday, April 30th. Truist Financial lifted their price objective on Avnet from $95.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen upgraded Avnet from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Finally, Wells Fargo & Company upped their target price on Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Monday, July 20th.

Avnet Stock Performance

AVT stock opened at $88.64 on Wednesday. Avnet has a 52 week low of $44.25 and a 52 week high of $100.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.78. The company’s 50-day simple moving average is $89.35 and its 200 day simple moving average is $78.37. The company has a market capitalization of $7.27 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 0.27 and a beta of 1.09.

Avnet (NASDAQ:AVT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.48. Avnet had a net margin of 1.21% and a return on equity of 9.57%. The firm had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. The business’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. As a group, sell-side analysts anticipate that Avnet will post 10.45 earnings per share for the current year.

Avnet Increases Dividend

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

Key Avnet News

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

Insider Activity at Avnet

In related news, CEO Philip R. Gallagher sold 51,900 shares of Avnet stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $98.46, for a total value of $5,110,074.00. Following the transaction, the chief executive officer directly owned 168,923 shares of the company’s stock, valued at $16,632,158.58. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael Ryan Mccoy sold 32,052 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $91.10, for a total transaction of $2,919,937.20. Following the transaction, the senior vice president owned 76,674 shares of the company’s stock, valued at approximately $6,985,001.40. This represents a 29.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Avnet

Institutional investors have recently modified their holdings of the business. HB Wealth Management LLC lifted its position in shares of Avnet by 6.1% during the 2nd quarter. HB Wealth Management LLC now owns 6,003 shares of the company’s stock worth $533,000 after buying an additional 343 shares during the last quarter. Syon Capital LLC grew its position in Avnet by 15.1% in the second quarter. Syon Capital LLC now owns 8,630 shares of the company’s stock valued at $767,000 after acquiring an additional 1,131 shares during the last quarter. AXQ Capital LP bought a new position in Avnet in the second quarter valued at about $2,002,000. Nykredit A S bought a new position in Avnet in the second quarter valued at about $365,000. Finally, Rehmann Capital Advisory Group acquired a new position in Avnet during the second quarter worth about $201,000. 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.