Headlines about Avnet (NYSE:AVT) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Avnet earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.668075051837 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

AVT has been the topic of a number of research reports. Goldman Sachs raised shares of Avnet from a “sell” rating to a “neutral” rating and set a $38.00 target price on the stock in a research note on Friday, January 5th. Longbow Research raised shares of Avnet from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. Pivotal Research initiated coverage on shares of Avnet in a research note on Tuesday, February 13th. They set a “hold” rating and a $44.00 target price on the stock. ValuEngine raised shares of Avnet from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered shares of Avnet from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $40.13.

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Shares of Avnet (AVT) opened at $42.53 on Friday. The firm has a market cap of $5,229.62, a PE ratio of 11.78, a PEG ratio of 1.39 and a beta of 0.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.56 and a current ratio of 2.75. Avnet has a 52 week low of $35.67 and a 52 week high of $45.99.

Avnet (NYSE:AVT) last posted its quarterly earnings data on Thursday, January 25th. The technology company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. Avnet had a net margin of 2.51% and a return on equity of 7.87%. The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Avnet’s quarterly revenue was up 5.8% on a year-over-year basis. sell-side analysts forecast that Avnet will post 3.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Tuesday, March 13th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, March 12th. This represents a $0.76 annualized dividend and a yield of 1.79%. This is a positive change from Avnet’s previous quarterly dividend of $0.18. Avnet’s payout ratio is presently 21.05%.

In related news, insider Kevin V. Summers sold 1,511 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $40.67, for a total transaction of $61,452.37. Following the sale, the insider now owns 5,354 shares of the company’s stock, valued at $217,747.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip R. Gallagher sold 14,292 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $42.00, for a total transaction of $600,264.00. Following the sale, the insider now directly owns 22,178 shares in the company, valued at approximately $931,476. The disclosure for this sale can be found here. Insiders own 1.65% of the company’s stock.

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Avnet Company Profile

Avnet, Inc is a distributor of electronic components, enterprise computer, networking and storage products and software, and embedded subsystems. The Company operates through Electronics Marketing (EM) segment. The EM segment markets and sells semiconductors; interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets.

Insider Buying and Selling by Quarter for Avnet (NYSE:AVT)

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