Sigma Planning Corp Acquires Shares of 16,638 Avnet, Inc. $AVT

Sigma Planning Corp acquired a new stake in Avnet, Inc. (NASDAQ:AVT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,638 shares of the company’s stock, valued at approximately $1,478,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVT. BlackRock Inc. bought a new position in shares of Avnet during the 2nd quarter valued at approximately $916,146,000. Dimensional Fund Advisors LP lifted its position in Avnet by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,885,636 shares of the company’s stock worth $362,655,000 after buying an additional 22,137 shares during the last quarter. Pzena Investment Management LLC purchased a new position in Avnet during the second quarter worth $277,153,000. AQR Capital Management LLC boosted its stake in Avnet by 30.7% during the fourth quarter. AQR Capital Management LLC now owns 2,961,608 shares of the company’s stock worth $142,394,000 after buying an additional 695,929 shares during the period. Finally, LSV Asset Management increased its position in Avnet by 7.6% during the fourth quarter. LSV Asset Management now owns 2,811,171 shares of the company’s stock valued at $135,161,000 after acquiring an additional 197,400 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AVT shares. Truist Financial raised their target price on shares of Avnet from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research upgraded shares of Avnet from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Avnet from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Wells Fargo & Company raised their price objective on shares of Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Monday, July 20th. Finally, Wall Street Zen upgraded Avnet from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Two research 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 given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.25.

Avnet Stock Up 1.0%

Shares of NASDAQ AVT opened at $89.56 on Tuesday. Avnet, Inc. has a 52-week low of $44.25 and a 52-week high of $100.00. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 0.27 and a beta of 1.09. The stock has a 50 day moving average price of $89.07 and a 200 day moving average price of $79.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.78.

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

Avnet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.7%. This is a boost from Avnet’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, September 9th. Avnet’s payout ratio is currently 35.09%.

Insider Transactions at Avnet

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

Avnet 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.