Squarepoint Ops LLC Has $592,000 Stock Position in Avnet, Inc. $AVT

Squarepoint Ops LLC lessened its position in Avnet, Inc. (NASDAQ:AVT) by 97.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,151 shares of the company’s stock after selling 457,249 shares during the period. Squarepoint Ops LLC’s holdings in Avnet were worth $592,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of AVT. Seizert Capital Partners LLC bought a new stake in Avnet during the 2nd quarter valued at $1,729,000. Arkadios Wealth Advisors acquired a new position in shares of Avnet during the second quarter valued at about $363,000. Bank of New York Mellon Corp grew its holdings in shares of Avnet by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 1,101,103 shares of the company’s stock valued at $58,447,000 after buying an additional 36,549 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Avnet by 2.1% during the second quarter. Envestnet Asset Management Inc. now owns 156,379 shares of the company’s stock worth $8,301,000 after acquiring an additional 3,174 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Avnet by 6.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 470,565 shares of the company’s stock worth $24,978,000 after acquiring an additional 28,467 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Avnet Price Performance

Avnet stock opened at $49.20 on Thursday. Avnet, Inc. has a 52 week low of $39.22 and a 52 week high of $57.24. The company’s 50 day moving average price is $48.62 and its two-hundred day moving average price is $51.60. The stock 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. The company has a quick ratio of 1.12, a current ratio of 2.36 and a debt-to-equity ratio of 0.58.

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

Avnet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid 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 presently 52.24%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AVT shares. Zacks Research upgraded Avnet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Truist Financial raised 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $49.33.

About Avnet

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.