Neuberger Berman Group LLC Has $833,000 Position in Avnet, Inc. $AVT

Neuberger Berman Group LLC grew its position in Avnet, Inc. (NASDAQ:AVT) by 54.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,695 shares of the company’s stock after acquiring an additional 5,503 shares during the period. Neuberger Berman Group LLC’s holdings in Avnet were worth $833,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its position in Avnet by 109.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 528 shares of the company’s stock worth $28,000 after buying an additional 276 shares during the last quarter. Traub Capital Management LLC acquired a new position in shares of Avnet during the 2nd quarter worth approximately $50,000. SVB Wealth LLC acquired a new position in shares of Avnet during the 1st quarter worth approximately $54,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Avnet in the 2nd quarter valued at $59,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Avnet by 877.6% during 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 currently owned by institutional investors and hedge funds.

Avnet Price Performance

NASDAQ:AVT opened at $47.51 on Friday. Avnet, Inc. has a 52 week low of $39.22 and a 52 week high of $57.24. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.16 and a current ratio of 2.36. The firm’s 50-day simple moving average is $49.57 and its 200 day simple moving average is $51.78. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 0.36 and a beta of 1.05.

Avnet (NASDAQ:AVT) last announced its earnings results on Wednesday, October 29th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s 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. As a group, sell-side analysts predict that Avnet, Inc. will post 3.41 earnings per share for the current year.

Avnet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given 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 yield of 2.9%. Avnet’s dividend payout ratio is currently 52.24%.

Analyst Upgrades and Downgrades

AVT has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Avnet in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Avnet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Truist Financial raised their price objective on shares of Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Finally, Bank of America boosted their price objective on Avnet from $48.00 to $50.00 and gave the stock an “underperform” rating in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus 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.