Avnet (AVT) Stock Price, News & Analysis

Company Overview

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. It also offers design chain support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical education and training; and supply chain solutions that provide support and logistical services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, this segment provides embedded solutions, such as technical design, integration, and assembly of embedded products, systems, and solutions primarily for industrial applications, as well as embedded display solutions comprising touch and passive displays; and develops and manufactures standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. This segment serves various markets, such as automotive, medical, defense, aerospace, telecommunications, industrial, and digital editing. The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. It has operations in the Americas, Europe, the Middle East, Africa, and Asia. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

Key Stats

• Today's Range: $52.27 to $54.20
• 50-Day Range: $52.26 to $57.69
• 52-Week Range: $43.62 to $59.24
• Volume: 7.93 million shs
• Average Volume: 635,459 shs
• Market Capitalization: $4.61 billion
• P/E Ratio: 13.89
• Dividend Yield: 2.49%
• Price Target: $48.50
• Consensus Rating: Reduce

Avnet Stock Analysis - MarketRank™

Avnet scored higher than 89% of companies evaluated by MarketBeat, and ranked 112th out of 652 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Avnet has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 2 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Avnet has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 40.10%

Earnings Growth

Earnings for Avnet are expected to grow by 40.10% in the coming year, from $4.09 to $5.73 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Avnet is 13.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Avnet is 13.89, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 245.34.

Price to Earnings Growth Ratio

Avnet has a PEG Ratio of 1.01. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Avnet has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.79% of the float of Avnet has been sold short.

Short Interest Ratio / Days to Cover

Avnet has a short interest ratio ("days to cover") of 6.9.

Change versus previous month

Short interest in Avnet has recently decreased by 3.05%, indicating that investor sentiment is improving.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Avnet pays a meaningful dividend of 2.44%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Avnet has been increasing its dividend for 12 years.

Dividend Coverage

The dividend payout ratio of Avnet is 34.55%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Avnet will have a dividend payout ratio of 23.04% next year. This indicates that Avnet will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.5 / 5
• Environmental Score: -1.12

Percentage of Shares Shorted

4.79% of the float of Avnet has been sold short.

Short Interest Ratio / Days to Cover

Avnet has a short interest ratio ("days to cover") of 6.9.

Change versus previous month

Short interest in Avnet has recently decreased by 3.05%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.82

News Sentiment

Avnet has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Avnet this week, compared to 5 articles on an average week.

Search Interest

4 people have searched for AVT on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Avnet to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Avnet insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.50% of the stock of Avnet is held by insiders.

Percentage Held by Institutions

95.78% of the stock of Avnet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AVT Stock Analysis - Frequently Asked Questions

How have AVT shares performed this year?

Avnet's stock was trading at $50.40 at the beginning of the year. Since then, AVT stock has increased by 5.3% and is now trading at $53.07.
View the best growth stocks for 2024 here.

How were Avnet's earnings last quarter?

Avnet, Inc. (NASDAQ:AVT) posted its quarterly earnings data on Wednesday, October, 30th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.86 by $0.06. The firm's quarterly revenue was down 11.5% compared to the same quarter last year.

Who are Avnet's major shareholders?

Top institutional shareholders of Avnet include Pzena Investment Management LLC (9.52%), Greenhaven Associates Inc. (4.34%), State Street Corp (3.70%) and Geode Capital Management LLC (1.80%). Insiders that own company stock include Philip R Gallagher, Thomas Liguori, Ken E Arnold, Carlo Bozotti, James A Lawrence, William H Schumann and Elizabeth Mcmullen.
View institutional ownership trends.

How do I buy shares of Avnet?

Shares of AVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Avnet own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Avnet investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), DiamondRock Hospitality (DRH), Voyager Therapeutics (VYGR), The RMR Group (RMR) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 9/25 Dividend: 9/11/2024
• Dividend Payable: 9/25/2024
• Last Earnings: 10/30/2024
• Ex-Dividend for 12/18 Dividend: 12/04/2024
• Dividend Payable: 12/18/2024
• Today: 12/21/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Electronic parts & equipment, not elsewhere classified
• Sub-Industry: Wholesale
• Current Symbol: NASDAQ:AVT
• CUSIP: N/A
• CIK: 8858
• Web: www.avnet.com
• Phone: (480) 643-2000
• Fax: 480-643-7370
• Employees: 15,462
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $48.50
• High Stock Price Target: $55.00
• Low Stock Price Target: $42.00
• Potential Upside/Downside: -8.6%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.82
• Trailing P/E Ratio: 13.89
• Forward P/E Ratio: 12.98
• P/E Growth: 1.01
• Net Income: $498.70 million
• Net Margins: 1.51%
• Pretax Margin: 1.87%
• Return on Equity: 8.46%
• Return on Assets: 3.37%

Debt

• Debt-to-Equity Ratio: 0.48
• Current Ratio: 2.25
• Quick Ratio: 1.07

Sales & Book Value

• Annual Sales: $23.03 billion
• Price / Sales: 0.20
• Cash Flow: $6.83 per share
• Price / Cash Flow: 7.77
• Book Value: $54.50 per share
• Price / Book: 0.97

Miscellaneous

• Outstanding Shares: 86,941,000
• Free Float: 85,637,000
• Market Cap: $4.61 billion
• Optionable: Optionable
• Beta: 1.14