Candriam S.C.A. Purchases Shares of 49,432 Avnet, Inc. $AVT

Candriam S.C.A. acquired a new position in shares of Avnet, Inc. (NASDAQ:AVT) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 49,432 shares of the company’s stock, valued at approximately $3,046,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AVT. Summit Securities Group LLC purchased a new stake in Avnet during the fourth quarter valued at about $28,000. BOKF NA grew its position in shares of Avnet by 1,116.7% in the 3rd quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after buying an additional 536 shares during the last quarter. Allworth Financial LP increased its position in Avnet by 199.1% during the 3rd quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $37,000 after purchasing an additional 466 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Avnet by 53.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 737 shares of the company’s stock valued at $35,000 after buying an additional 258 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in shares of Avnet by 62.0% during the 4th quarter. Hantz Financial Services Inc. now owns 852 shares of the company’s stock worth $41,000 after acquiring an additional 326 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Zacks Research downgraded shares of Avnet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Truist Financial boosted their target price on Avnet to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Bank of America raised Avnet from an “underperform” rating to a “neutral” rating and increased their price target for the company from $66.00 to $96.00 in a report on Wednesday, May 13th. Raymond James Financial reiterated a “strong-buy” rating and issued a $95.00 price objective on shares of Avnet in a research note on Thursday, April 30th. Finally, Wells Fargo & Company lifted their target price on Avnet from $60.00 to $70.00 and gave the company an “underweight” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $89.00.

Insider Buying and Selling at Avnet

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

Avnet Stock Performance

NASDAQ:AVT opened at $86.05 on Wednesday. Avnet, Inc. has a fifty-two week low of $44.25 and a fifty-two week high of $95.26. The firm has a market capitalization of $7.06 billion, a PE ratio of 33.48, a PEG ratio of 0.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 2.01. The stock’s fifty day moving average is $86.67 and its 200 day moving average is $70.63.

Avnet (NASDAQ:AVT) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.15. Avnet had a return on equity of 7.07% and a net margin of 0.86%.The firm had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period last year, the company earned $0.84 EPS. Avnet’s quarterly revenue 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, sell-side analysts anticipate that Avnet, Inc. will post 5.12 earnings per share for the current year.

Avnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.6%. Avnet’s dividend payout ratio (DPR) is presently 54.47%.

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.