Greenhaven Associates Inc. Has $205.41 Million Holdings in Avnet, Inc. $AVT

Greenhaven Associates Inc. cut its stake in shares of Avnet, Inc. (NASDAQ:AVT) by 0.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,928,937 shares of the company’s stock after selling 34,000 shares during the period. Avnet comprises 3.1% of Greenhaven Associates Inc.’s portfolio, making the stock its 9th biggest holding. Greenhaven Associates Inc.’s holdings in Avnet were worth $205,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVT. Norges Bank purchased a new position in Avnet during the second quarter valued at approximately $51,495,000. AQR Capital Management LLC grew its position in shares of Avnet by 25.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,680,538 shares of the company’s stock valued at $88,312,000 after purchasing an additional 345,721 shares in the last quarter. SG Capital Management LLC purchased a new position in shares of Avnet during the 2nd quarter valued at $16,941,000. Boston Partners increased its holdings in shares of Avnet by 47.8% in the second quarter. Boston Partners now owns 739,195 shares of the company’s stock worth $39,095,000 after purchasing an additional 239,226 shares during the period. Finally, Pzena Investment Management LLC raised its position in shares of Avnet by 2.9% in the second quarter. Pzena Investment Management LLC now owns 7,341,299 shares of the company’s stock worth $389,676,000 after buying an additional 209,003 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Avnet Price Performance

Shares of Avnet stock opened at $62.39 on Friday. Avnet, Inc. has a 52-week low of $39.22 and a 52-week high of $63.10. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92. The company has a fifty day moving average of $50.08 and a 200-day moving average of $51.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 2.07.

Avnet (NASDAQ:AVT) last issued its earnings results on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. Avnet had a net margin of 0.90% and a return on equity of 6.08%. The company had revenue of $6.32 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter last year, the company earned $0.87 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. Equities research analysts expect that Avnet, Inc. will post 3.41 EPS for the current year.

Avnet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, December 3rd. Avnet’s payout ratio is 57.38%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen upgraded Avnet from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research upgraded shares of Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Truist Financial raised their target price on shares of Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday. Weiss Ratings raised shares of Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Wells Fargo & Company increased their price target on shares of Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Avnet currently has an average rating of “Reduce” and an average price target of $54.33.

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.