27,890 Shares in Avnet, Inc. $AVT Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of Avnet, Inc. (NASDAQ:AVT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 27,890 shares of the company’s stock, valued at approximately $2,477,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evolve Private Wealth LLC acquired a new position in shares of Avnet in the 2nd quarter valued at $216,000. William Blair Investment Management LLC purchased a new stake in Avnet in the 2nd quarter valued at $28,853,000. Rakuten Securities Inc. acquired a new stake in Avnet during the 2nd quarter worth $71,000. Allworth Financial LP acquired a new stake in Avnet during the 2nd quarter worth $138,000. Finally, Ceredex Value Advisors LLC purchased a new position in Avnet during the 2nd quarter worth $13,594,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Avnet News Roundup

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Broad-based earnings estimate increases: Zacks Research raised its EPS forecasts across multiple periods, including Q1 2027 to $2.85 from $1.53, Q2 2027 to $2.16 from $1.74, Q3 2027 to $1.96 from $1.55, and FY2027 to $9.00 from $6.65. The firm also lifted FY2028 estimates to $9.79 from $7.19 and projects FY2029 EPS of $10.15. Zacks maintains a “Strong-Buy” rating. Zacks Research earnings estimates
• Positive Sentiment: Higher forward-quarter expectations: The firm increased its Q1 2028 forecast to $3.14 from $1.85, Q2 2028 to $2.35 from $1.89, Q3 2028 to $2.06 from $1.66, and Q4 2028 to $2.23 from $1.79. These revisions point to stronger anticipated earnings momentum than previously expected. Avnet forward earnings revisions
• Positive Sentiment: Dividend increase: Avnet declared a quarterly dividend of $0.37 per share, up from $0.35, representing a 5.7% increase. The dividend is payable September 23 to shareholders of record September 9, with an indicated annual yield of approximately 1.7%. Avnet increases quarterly dividend
• Neutral Sentiment: Valuation remains a focus: Zacks is examining whether Avnet is undervalued based on value, growth, momentum, and earnings-estimate trends. The discussion could attract value-oriented investors, although the article details provided do not include a specific valuation conclusion. Are Investors Undervaluing Avnet

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AVT shares. Raymond James Financial reiterated a “strong-buy” rating and set a $95.00 target price on shares of Avnet in a research note on Thursday, April 30th. Truist Financial upped their price objective on Avnet from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings raised Avnet from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Wall Street Zen raised Avnet from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Finally, Wells Fargo & Company increased their price target on Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Avnet has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.

Insiders Place Their Bets

In other news, CEO Philip R. Gallagher sold 51,900 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $98.46, for a total value of $5,110,074.00. Following the completion of the transaction, the chief executive officer owned 168,923 shares in the company, valued at $16,632,158.58. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michael Ryan Mccoy sold 32,052 shares of Avnet stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $91.10, for a total value of $2,919,937.20. Following the transaction, the senior vice president directly owned 76,674 shares of the company’s stock, valued at $6,985,001.40. This trade represents a 29.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

Avnet Price Performance

Shares of NASDAQ:AVT opened at $88.64 on Monday. The business’s 50 day simple moving average is $89.35 and its 200-day simple moving average is $78.37. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 0.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.78 and a quick ratio of 0.97. Avnet, Inc. has a 12 month low of $44.25 and a 12 month high of $100.00.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.48. Avnet had a return on equity of 9.57% and a net margin of 1.21%.The business had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $7.56 billion. The company’s revenue was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 EPS. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. As a group, equities analysts forecast that Avnet, Inc. will post 10.45 earnings per share for the current fiscal year.

Avnet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.7%. This is a positive change from Avnet’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, September 9th. Avnet’s dividend payout ratio is currently 35.09%.

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.