Key Points
- Avnet CEO Philip Gallagher sold 51,900 shares at an average price of $98.46, generating approximately $5.11 million. His remaining direct ownership fell 23.5% to 168,923 shares.
- Avnet reported strong quarterly results, with earnings of $2.28 per share versus the $1.80 consensus estimate and revenue of $8.30 billion, up 47.7% year over year. The company issued first-quarter fiscal 2027 EPS guidance of $2.80–$2.90.
- Analyst sentiment is mixed but leans positive, with Avnet carrying a “Moderate Buy” consensus rating and an average price target of $93.25; the stock recently opened at $95.99 near its 52-week high of $100.
Avnet, Inc. (NASDAQ:AVT - Get Free Report) CEO Philip Gallagher sold 51,900 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $98.46, for a total transaction of $5,110,074.00. Following the completion of the sale, the chief executive officer directly owned 168,923 shares of the company's stock, valued at $16,632,158.58. This trade represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Avnet Stock Performance
Shares of AVT opened at $95.99 on Friday. The company's 50 day moving average price is $88.83 and its 200 day moving average price is $76.97. Avnet, Inc. has a 52 week low of $44.25 and a 52 week high of $100.00. The company has a market capitalization of $7.87 billion, a PE ratio of 24.06, a PEG ratio of 0.32 and a beta of 1.09. 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 - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.48. Avnet had a net margin of 1.21% and a return on equity of 9.57%. The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the prior year, the business earned $0.81 EPS. The company's revenue for the quarter was up 47.7% compared to the same quarter last year. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Research analysts expect that Avnet, Inc. will post 9.66 EPS for the current fiscal year.
Avnet Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. Avnet's dividend payout ratio is 35.09%.
Analyst Ratings Changes
A number of research analysts have commented on the company. Bank of America upgraded Avnet from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $66.00 to $96.00 in a research note on Wednesday, May 13th. Zacks Research upgraded Avnet from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Weiss Ratings lowered Avnet from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, July 28th. Wall Street Zen raised Avnet from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 25th. Finally, Wells Fargo & Company increased their price objective on Avnet from $70.00 to $72.00 and gave the stock an "underweight" rating in a report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Avnet has an average rating of "Moderate Buy" and an average target price of $93.25.
View Our Latest Stock Analysis on Avnet
Institutional Investors Weigh In On Avnet
A number of hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Avnet in the second quarter worth about $25,000. State of Wyoming bought a new position in Avnet in the 2nd quarter worth approximately $37,000. Summit Securities Group LLC acquired a new position in shares of Avnet during the fourth quarter worth approximately $28,000. BOKF NA lifted its holdings in shares of Avnet by 1,116.7% during the third 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. Finally, Elevation Wealth Partners LLC boosted its position in shares of Avnet by 38.5% in the second quarter. Elevation Wealth Partners LLC now owns 666 shares of the company's stock valued at $59,000 after acquiring an additional 185 shares during the period. 95.78% of the stock is currently owned by institutional investors.
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.
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