Polaris Capital Management LLC Acquires New Holdings in Avnet, Inc. $AVT

Polaris Capital Management LLC purchased a new stake in Avnet, Inc. (NASDAQ:AVT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 35,600 shares of the company’s stock, valued at approximately $1,861,000.

Several other hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 buying an additional 276 shares during the period. SJS Investment Consulting Inc. grew its holdings in Avnet by 7,176.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 946 shares of the company’s stock worth $49,000 after acquiring an additional 933 shares during the last quarter. Traub Capital Management LLC bought a new stake in Avnet during the 2nd quarter worth approximately $50,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Avnet in the 2nd quarter valued at approximately $59,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Avnet by 83.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,914 shares of the company’s stock valued at $102,000 after acquiring an additional 873 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Avnet Stock Down 0.3%

AVT stock opened at $49.71 on Tuesday. 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 firm has a market capitalization of $4.04 billion, a PE ratio of 18.55, a P/E/G ratio of 0.39 and a beta of 0.92. The stock’s 50 day moving average is $48.19 and its 200-day moving average is $51.38. Avnet, Inc. has a twelve month low of $39.22 and a twelve month high of $57.24.

Avnet (NASDAQ:AVT) last announced its earnings results on Wednesday, October 29th. The company reported $0.84 EPS for the quarter, beating the consensus estimate 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 net margin of 1.04% and a return on equity of 5.91%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS. Sell-side analysts expect that Avnet, Inc. will post 3.41 EPS for the current fiscal year.

Avnet Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on AVT. Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Avnet in a research report on Wednesday, October 8th. Finally, Truist Financial boosted their price target on shares of Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. 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 MarketBeat, Avnet currently has a consensus rating of “Reduce” and an average target price of $49.33.

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.