Harbor Capital Advisors Inc. Sells 127,898 Shares of Avnet, Inc. $AVT

Harbor Capital Advisors Inc. decreased its position in shares of Avnet, Inc. (NASDAQ:AVT) by 71.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,120 shares of the company’s stock after selling 127,898 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.06% of Avnet worth $2,725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. World Investment Advisors grew its holdings in Avnet by 15.8% during the 3rd quarter. World Investment Advisors now owns 9,654 shares of the company’s stock worth $505,000 after acquiring an additional 1,318 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Avnet by 25.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 78,766 shares of the company’s stock worth $4,118,000 after purchasing an additional 16,215 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Avnet by 8.6% during the third quarter. Assenagon Asset Management S.A. now owns 56,126 shares of the company’s stock valued at $2,934,000 after purchasing an additional 4,442 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in Avnet during the third quarter valued at approximately $438,000. Finally, GAMMA Investing LLC raised its stake in Avnet by 6.9% in the third quarter. GAMMA Investing LLC now owns 2,984 shares of the company’s stock worth $156,000 after buying an additional 192 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Avnet Trading Up 0.2%

Shares of Avnet stock opened at $49.20 on Thursday. The firm’s 50 day simple moving average is $48.62 and its two-hundred day simple moving average is $51.60. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 0.39 and a beta of 0.95. Avnet, Inc. has a 12-month low of $39.22 and a 12-month high of $57.24. The company has a current ratio of 2.36, a quick ratio of 1.12 and a debt-to-equity ratio of 0.58.

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

Avnet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, December 3rd. Avnet’s dividend payout ratio (DPR) is presently 52.24%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AVT. Truist Financial increased their target price on Avnet from $54.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Avnet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Avnet presently has a consensus rating of “Reduce” and a consensus price target of $49.33.

Avnet 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.