Key Points
- CEO Philip Gallagher sold 23,920 Avnet shares on May 5 at an average price of $82.92 for about $1.98M, leaving him with 145,003 shares (a 14.16% reduction in his position).
- Strong quarterly results: Avnet reported $1.48 EPS vs. $1.33 expected and $7.12B revenue (vs. $6.45B est.), with revenue up 34% YoY and Q4 2026 guidance of $1.70–$1.80 EPS.
- AVT is trading near its one‑year high (~$83.7) with a $6.87B market cap; analysts are mixed (average rating "Moderate Buy" and average price target $77.50), and the stock yields about 1.7% annually.
Avnet, Inc. (NASDAQ:AVT - Get Free Report) CEO Philip Gallagher sold 23,920 shares of Avnet stock in a transaction that occurred 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 sale, the chief executive officer directly owned 145,003 shares in the company, valued at approximately $12,023,648.76. The trade was a 14.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Avnet Stock Up 1.6%
AVT stock opened at $83.70 on Thursday. The firm has a market cap of $6.87 billion, a PE ratio of 32.57, a PEG ratio of 0.60 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 firm's 50 day moving average price is $66.98 and its 200-day moving average price is $57.45. Avnet, Inc. has a one year low of $44.25 and a one year high of $84.75.
Avnet (NASDAQ:AVT - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.33 by $0.15. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.45 billion. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The business's revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, equities research analysts anticipate that Avnet, Inc. will post 4.92 EPS for the current year.
Avnet Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.7%. Avnet's dividend payout ratio (DPR) is presently 54.47%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on AVT shares. Wells Fargo & Company increased their price objective on shares of Avnet from $60.00 to $70.00 and gave the stock an "underweight" rating in a research report on Thursday, April 30th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $95.00 price objective on shares of Avnet in a research report on Thursday, April 30th. Weiss Ratings cut shares of Avnet from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, March 19th. Wall Street Zen raised shares of Avnet from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 2nd. Finally, Zacks Research raised shares of Avnet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Avnet presently has an average rating of "Moderate Buy" and an average price target of $77.50.
View Our Latest Stock Analysis on Avnet
Institutional Investors Weigh In On Avnet
A number of hedge funds have recently added to or reduced their stakes in AVT. Royal Bank of Canada lifted its holdings in Avnet by 3.0% during the 1st quarter. Royal Bank of Canada now owns 71,697 shares of the company's stock worth $3,447,000 after buying an additional 2,101 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Avnet by 16.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company's stock worth $11,148,000 after buying an additional 31,919 shares in the last quarter. United Services Automobile Association acquired a new stake in Avnet during the 1st quarter worth approximately $267,000. Empowered Funds LLC lifted its holdings in Avnet by 9.3% during the 1st quarter. Empowered Funds LLC now owns 8,142 shares of the company's stock worth $392,000 after buying an additional 696 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Avnet by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,757 shares of the company's stock worth $17,012,000 after buying an additional 16,443 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.
About Avnet
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
