Avnet, Inc. $AVT Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its position in shares of Avnet, Inc. (NASDAQ:AVT) by 44.1% during the 1st quarter, Holdings Channel reports. The firm owned 757,629 shares of the company’s stock after purchasing an additional 231,977 shares during the period. Sei Investments Co.’s holdings in Avnet were worth $46,685,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AVT. Dimensional Fund Advisors LP lifted its stake in Avnet by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,885,636 shares of the company’s stock valued at $362,655,000 after purchasing an additional 22,137 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Avnet by 30.7% during the 4th quarter. AQR Capital Management LLC now owns 2,961,608 shares of the company’s stock valued at $142,394,000 after acquiring an additional 695,929 shares during the last quarter. LSV Asset Management boosted its stake in shares of Avnet by 7.6% during the 4th quarter. LSV Asset Management now owns 2,811,171 shares of the company’s stock worth $135,161,000 after acquiring an additional 197,400 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Avnet by 5.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,011,676 shares of the company’s stock worth $105,170,000 after acquiring an additional 101,873 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Avnet by 16.2% during the fourth quarter. Morgan Stanley now owns 1,524,945 shares of the company’s stock worth $73,319,000 after purchasing an additional 212,573 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Avnet Trading Down 0.6%

Shares of NASDAQ:AVT opened at $89.42 on Friday. The firm has a fifty day moving average of $87.31 and a two-hundred day moving average of $72.65. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.50. Avnet, Inc. has a 12-month low of $44.25 and a 12-month high of $95.26. The firm has a market capitalization of $7.33 billion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 0.28 and a beta of 1.09.

Avnet (NASDAQ:AVT) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.15. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the prior year, the business posted $0.84 earnings per share. Avnet’s revenue for the quarter was up 34.0% compared to the same quarter last year. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, equities analysts expect that Avnet, Inc. will post 5.12 EPS for the current fiscal year.

Avnet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, June 3rd. Avnet’s dividend payout ratio is 54.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Raymond James Financial reiterated a “strong-buy” rating and issued a $95.00 price target on shares of Avnet in a research report on Thursday, April 30th. Bank of America raised shares of Avnet from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $66.00 to $96.00 in a research report on Wednesday, May 13th. Zacks Research downgraded shares of Avnet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Wells Fargo & Company lifted their price objective on shares of Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. Finally, Wall Street Zen raised shares of Avnet from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.50.

Insider Transactions at Avnet

In other Avnet news, CEO Philip R. Gallagher sold 23,920 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $82.92, for a total transaction of $1,983,446.40. Following the completion of the transaction, the chief executive officer owned 145,003 shares of the company’s stock, valued at $12,023,648.76. The trade was a 14.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by insiders.

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.