Avnet, Inc. $AVT Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its holdings in shares of Avnet, Inc. (NASDAQ:AVT) by 255.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 41,830 shares of the company’s stock after buying an additional 30,052 shares during the quarter. GSA Capital Partners LLP’s holdings in Avnet were worth $2,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its stake in Avnet by 132.7% during 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 last quarter. BOKF NA increased its stake in Avnet by 1,116.7% during the third quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after acquiring an additional 536 shares during the last quarter. MAI Capital Management increased its stake in Avnet by 53.7% during the third quarter. MAI Capital Management now owns 673 shares of the company’s stock worth $35,000 after acquiring an additional 235 shares during the last quarter. Allworth Financial LP increased its stake in Avnet by 199.1% during the third quarter. Allworth Financial LP now owns 700 shares of the company’s stock worth $37,000 after acquiring an additional 466 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Avnet by 53.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 737 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AVT. Weiss Ratings cut Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Wall Street Zen cut Avnet from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Wells Fargo & Company raised their target price on Avnet from $60.00 to $70.00 and gave the stock an “underweight” rating in a research note on Thursday, April 30th. Truist Financial raised their price target on Avnet to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $95.00 price target on shares of Avnet in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

Insider Transactions at Avnet

In related news, CEO Philip R. Gallagher sold 23,920 shares of Avnet stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $82.92, for a total value of $1,983,446.40. Following the completion of the transaction, the chief executive officer directly owned 145,003 shares in the company, valued at approximately $12,023,648.76. This trade represents a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Avnet Trading Down 1.2%

AVT opened at $82.31 on Wednesday. Avnet, Inc. has a 52 week low of $44.25 and a 52 week high of $87.46. The business has a fifty day simple moving average of $70.38 and a 200-day simple moving average of $59.48. The firm has a market cap of $6.75 billion, a P/E ratio of 32.03, a P/E/G ratio of 0.38 and a beta of 1.09. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.50.

Avnet (NASDAQ:AVT) last released its earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.15. The firm had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.45 billion. Avnet had a return on equity of 7.07% and a net margin of 0.86%.Avnet’s revenue was up 34.0% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, equities analysts expect that Avnet, Inc. will post 5.12 earnings per share for the current year.

Avnet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a $0.35 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.7%. Avnet’s dividend payout ratio (DPR) is 54.47%.

About Avnet

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.