Avnet, Inc. $AVT Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its holdings in Avnet, Inc. (NASDAQ:AVT) by 71.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,120 shares of the company’s stock after selling 127,898 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Avnet were worth $2,725,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. World Investment Advisors boosted its holdings in Avnet by 15.8% in the third quarter. World Investment Advisors now owns 9,654 shares of the company’s stock valued at $505,000 after purchasing an additional 1,318 shares during the last quarter. Wedge Capital Management L L P NC raised its position in Avnet by 25.9% during the third quarter. Wedge Capital Management L L P NC now owns 78,766 shares of the company’s stock valued at $4,118,000 after acquiring an additional 16,215 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Avnet by 8.6% in the third quarter. Assenagon Asset Management S.A. now owns 56,126 shares of the company’s stock valued at $2,934,000 after acquiring an additional 4,442 shares during the period. Aaron Wealth Advisors LLC purchased a new stake in Avnet in the 3rd quarter worth approximately $438,000. Finally, GAMMA Investing LLC boosted its position in Avnet by 6.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,984 shares of the company’s stock worth $156,000 after purchasing an additional 192 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Avnet Stock Up 0.2%

Shares of NASDAQ AVT opened at $49.20 on Thursday. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 0.39 and a beta of 0.95. The company’s 50-day simple moving average is $48.62 and its 200-day simple moving average is $51.60. The company has a quick ratio of 1.12, a current ratio of 2.36 and a debt-to-equity ratio of 0.58. Avnet, Inc. has a 52-week low of $39.22 and a 52-week high of $57.24.

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

Avnet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, December 3rd. Avnet’s payout ratio is presently 52.24%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Zacks Research upgraded Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Truist Financial upped their price target on Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $49.33.

Avnet 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.