Avnet, Inc. $AVT Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in shares of Avnet, Inc. (NASDAQ:AVT) by 31.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 167,953 shares of the company’s stock after selling 78,804 shares during the period. Voya Investment Management LLC owned approximately 0.20% of Avnet worth $8,781,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AVT. GAMMA Investing LLC boosted its stake in shares of Avnet by 6.9% in the third quarter. GAMMA Investing LLC now owns 2,984 shares of the company’s stock worth $156,000 after buying an additional 192 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Avnet by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 26,674 shares of the company’s stock valued at $1,416,000 after acquiring an additional 211 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Avnet by 109.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 528 shares of the company’s stock valued at $28,000 after acquiring an additional 276 shares during the period. Lazard Asset Management LLC boosted its position in Avnet by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 28,877 shares of the company’s stock worth $1,532,000 after purchasing an additional 279 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in shares of Avnet by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 15,489 shares of the company’s stock worth $822,000 after purchasing an additional 294 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Avnet in a research note on Wednesday, October 8th. Zacks Research raised shares of Avnet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Truist Financial boosted their price target on shares of Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $49.33.

Avnet Stock Performance

AVT opened at $49.10 on Wednesday. Avnet, Inc. has a twelve month low of $39.22 and a twelve month high of $57.24. The firm has a market capitalization of $3.99 billion, a PE ratio of 18.32, a PEG ratio of 0.39 and a beta of 0.95. The company has a current ratio of 2.36, a quick ratio of 1.12 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $48.68 and its 200 day moving average price is $51.62.

Avnet (NASDAQ:AVT) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Avnet had a return on equity of 5.91% and a net margin of 1.04%.The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.73 billion. During the same period in the prior year, the business earned $0.92 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS. As a group, sell-side analysts expect that Avnet, Inc. will post 3.41 EPS for the current fiscal year.

Avnet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. Avnet’s dividend payout ratio is currently 52.24%.

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.