Pacer Advisors Inc. Sells 317,491 Shares of Avnet, Inc. $AVT

Pacer Advisors Inc. lessened its stake in Avnet, Inc. (NASDAQ:AVT) by 38.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 507,276 shares of the company’s stock after selling 317,491 shares during the period. Pacer Advisors Inc.’s holdings in Avnet were worth $26,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AVT. World Investment Advisors boosted its holdings in shares of Avnet by 15.8% in the 3rd quarter. World Investment Advisors now owns 9,654 shares of the company’s stock valued at $505,000 after buying an additional 1,318 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Avnet by 25.9% during 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 acquiring an additional 16,215 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Avnet by 8.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 56,126 shares of the company’s stock worth $2,934,000 after acquiring an additional 4,442 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new stake in Avnet during the third quarter valued at approximately $438,000. Finally, GAMMA Investing LLC boosted its stake in Avnet by 6.9% in the third quarter. GAMMA Investing LLC now owns 2,984 shares of the company’s stock valued at $156,000 after acquiring an additional 192 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Avnet Stock Up 0.1%

Avnet stock opened at $49.28 on Friday. The business’s 50-day simple moving average is $48.50 and its two-hundred day simple moving average is $51.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.12 and a current ratio of 2.36. The company has a market cap of $4.01 billion, a PE ratio of 18.39, a PEG ratio of 0.39 and a beta of 0.95. Avnet, Inc. has a fifty-two week low of $39.22 and a fifty-two week high of $57.24.

Avnet (NASDAQ:AVT) last released its earnings results on Wednesday, October 29th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The firm 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%.The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS. Equities analysts anticipate that Avnet, Inc. will post 3.41 EPS for the current year.

Avnet Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Truist Financial upped their price target on Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Avnet in a research note on Wednesday, October 8th. Finally, Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average 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.