Squarepoint Ops LLC Reduces Stake in Avnet, Inc. $AVT

Squarepoint Ops LLC lowered its stake in shares of Avnet, Inc. (NASDAQ:AVT) by 97.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 11,151 shares of the company’s stock after selling 457,249 shares during the quarter. Squarepoint Ops LLC’s holdings in Avnet were worth $592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of AVT. MassMutual Private Wealth & Trust FSB lifted its stake in Avnet by 109.5% in the second 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 last quarter. Traub Capital Management LLC purchased a new stake in Avnet in the second quarter worth $50,000. SVB Wealth LLC bought a new stake in shares of Avnet in the first quarter valued at $54,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Avnet during the 2nd quarter valued at $59,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Avnet by 83.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,914 shares of the company’s stock worth $102,000 after acquiring an additional 873 shares during the period. Institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a 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, Truist Financial lifted their target price on shares of Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Avnet has a consensus rating of “Reduce” and a consensus price target of $49.33.

Avnet Stock Up 0.2%

Shares of NASDAQ AVT opened at $49.20 on Thursday. The company has a quick ratio of 1.12, a current ratio of 2.36 and a debt-to-equity ratio of 0.58. The company has a market cap of $4.00 billion, a P/E ratio of 18.36, a P/E/G ratio of 0.39 and a beta of 0.95. Avnet, Inc. has a 52 week low of $39.22 and a 52 week high of $57.24. The business has a 50-day simple moving average of $48.62 and a two-hundred day simple moving average of $51.60.

Avnet (NASDAQ:AVT) last announced its quarterly 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 the consensus estimate of $5.73 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. 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. Research analysts anticipate that Avnet, Inc. will post 3.41 earnings per share for the current fiscal year.

Avnet Dividend Announcement

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

Avnet Company 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.