Measured Wealth Private Client Group LLC Raises Holdings in Avnet, Inc. (NASDAQ:AVT)

Measured Wealth Private Client Group LLC lifted its stake in shares of Avnet, Inc. (NASDAQ:AVT) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,191 shares of the company’s stock after purchasing an additional 374 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Avnet were worth $766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC raised its stake in shares of Avnet by 330.2% during the 3rd quarter. CWM LLC now owns 641 shares of the company’s stock valued at $31,000 after purchasing an additional 492 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Avnet by 46.5% during the 4th quarter. Venturi Wealth Management LLC now owns 655 shares of the company’s stock valued at $33,000 after purchasing an additional 208 shares during the period. Bruce G. Allen Investments LLC bought a new stake in shares of Avnet during the 4th quarter valued at $40,000. GAMMA Investing LLC bought a new stake in shares of Avnet during the 4th quarter valued at $63,000. Finally, Parkside Financial Bank & Trust increased its stake in Avnet by 19.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,649 shares of the company’s stock worth $79,000 after acquiring an additional 265 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Avnet Price Performance

NASDAQ AVT traded up $0.77 during trading on Friday, reaching $49.41. The company’s stock had a trading volume of 746,177 shares, compared to its average volume of 581,849. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.33 and a quick ratio of 1.05. The stock has a market capitalization of $4.46 billion, a PE ratio of 8.00, a P/E/G ratio of 0.65 and a beta of 1.21. The firm has a fifty day moving average of $47.92 and a 200 day moving average of $47.40. Avnet, Inc. has a one year low of $40.44 and a one year high of $51.65.

Avnet (NASDAQ:AVT) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01). The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.71 billion. Avnet had a net margin of 2.31% and a return on equity of 11.64%. Avnet’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.00 earnings per share. Analysts expect that Avnet, Inc. will post 5.19 EPS for the current fiscal year.

Avnet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.24 annualized dividend and a dividend yield of 2.51%. Avnet’s dividend payout ratio (DPR) is presently 20.06%.

Wall Street Analyst Weigh In

AVT has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their target price on Avnet from $48.00 to $42.00 and set a “sell” rating on the stock in a research note on Thursday, February 1st. Truist Financial decreased their target price on Avnet from $49.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $45.00.

Avnet Company Profile

Avnet, Inc, distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers.