14,893 Shares in Avnet, Inc. $AVT Bought by Versor Investments LP

Versor Investments LP acquired a new position in shares of Avnet, Inc. (NASDAQ:AVT) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 14,893 shares of the company’s stock, valued at approximately $791,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Arkadios Wealth Advisors bought a new stake in Avnet during the 2nd quarter worth $363,000. World Investment Advisors grew its position in Avnet by 11.0% during the 2nd quarter. World Investment Advisors now owns 8,336 shares of the company’s stock worth $442,000 after acquiring an additional 826 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Avnet in the 2nd quarter valued at about $337,000. Envestnet Asset Management Inc. grew its position in shares of Avnet by 2.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 156,379 shares of the company’s stock valued at $8,301,000 after buying an additional 3,174 shares during the last quarter. Finally, MQS Management LLC grew its position in shares of Avnet by 8.4% in the 2nd quarter. MQS Management LLC now owns 8,196 shares of the company’s stock valued at $435,000 after buying an additional 635 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Avnet Stock Down 0.6%

Shares of Avnet stock opened at $48.15 on Tuesday. Avnet, Inc. has a one year low of $39.22 and a one year high of $57.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.36 and a quick ratio of 1.16. The stock’s 50-day moving average is $52.25 and its 200 day moving average is $52.24. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 0.36 and a beta of 1.06.

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

Avnet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 17th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, September 17th. This is a positive change from Avnet’s previous quarterly dividend of $0.33. Avnet’s dividend payout ratio is currently 52.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial upped their price target on Avnet from $54.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Zacks Research upgraded Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Avnet in a research report on Wednesday, October 8th. Finally, Bank of America upped their price target on Avnet from $48.00 to $50.00 and gave the company an “underperform” rating in a research report on Monday, August 11th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Avnet currently has a consensus rating of “Reduce” and an average target price of $49.33.

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.