Victory Capital Management Inc. Lowers Stock Holdings in Avnet, Inc. $AVT

Victory Capital Management Inc. lessened its holdings in Avnet, Inc. (NASDAQ:AVT) by 4.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 292,774 shares of the company’s stock after selling 12,065 shares during the period. Victory Capital Management Inc. owned 0.36% of Avnet worth $15,306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Hantz Financial Services Inc. boosted its stake in shares of Avnet by 132.7% in the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock worth $27,000 after acquiring an additional 300 shares during the period. MAI Capital Management lifted its holdings in Avnet by 53.7% in the 3rd quarter. MAI Capital Management now owns 673 shares of the company’s stock worth $35,000 after purchasing an additional 235 shares in the last quarter. Quent Capital LLC bought a new position in Avnet in the 3rd quarter worth approximately $38,000. Winnow Wealth LLC purchased a new stake in Avnet during the 3rd quarter valued at approximately $39,000. Finally, SJS Investment Consulting Inc. grew its holdings in Avnet by 7,176.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 946 shares of the company’s stock valued at $49,000 after buying an additional 933 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AVT has been the topic of several research analyst reports. Truist Financial boosted their target price on shares of Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Wall Street Zen upgraded shares of Avnet from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Wells Fargo & Company boosted their price target 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. Finally, Weiss Ratings upgraded Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Avnet has a consensus rating of “Reduce” and a consensus price target of $54.33.

Avnet Trading Down 1.4%

AVT stock opened at $60.66 on Wednesday. The firm has a fifty day moving average price of $58.75 and a 200 day moving average price of $53.33. Avnet, Inc. has a fifty-two week low of $39.22 and a fifty-two week high of $68.29. The firm has a market cap of $4.97 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 0.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 2.07.

Avnet (NASDAQ:AVT) last released its quarterly earnings data on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.95 by $0.10. Avnet had a net margin of 0.90% and a return on equity of 6.08%. The business had revenue of $6.32 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same quarter last year, the business earned $0.87 earnings per share. Avnet’s quarterly revenue was up 11.6% compared to the same quarter last year. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. Sell-side analysts anticipate that Avnet, Inc. will post 3.41 earnings per share for the current fiscal year.

Avnet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. Avnet’s dividend payout ratio is 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.