Avnet, Inc. $AVT Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Avnet, Inc. (NASDAQ:AVT) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 165,200 shares of the company’s stock after selling 3,200 shares during the quarter. Swiss National Bank’s holdings in Avnet were worth $8,769,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Avnet by 109.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 276 shares during the period. Traub Capital Management LLC purchased a new position in shares of Avnet during the second quarter worth approximately $50,000. SVB Wealth LLC purchased a new position in shares of Avnet during the first quarter worth approximately $54,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Avnet in the 2nd quarter valued at $59,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Avnet by 877.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,310 shares of the company’s stock valued at $63,000 after purchasing an additional 1,176 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Avnet Price Performance

Shares of AVT opened at $47.51 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.16 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average is $49.57 and its two-hundred day moving average is $51.78. Avnet, Inc. has a twelve month low of $39.22 and a twelve month high of $57.24. The firm has a market capitalization of $3.86 billion, a PE ratio of 17.73, a P/E/G ratio of 0.36 and a beta of 1.05.

Avnet (NASDAQ:AVT) last posted its quarterly 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 business had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same period last year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS. Research analysts anticipate that Avnet, Inc. will post 3.41 earnings per share for the current year.

Avnet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. Avnet’s dividend payout ratio is 52.24%.

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.