MGO One Seven LLC Takes Position in Avnet, Inc. $AVT

MGO One Seven LLC acquired a new stake in Avnet, Inc. (NASDAQ:AVT) during the 4th quarter, Holdings Channel.com reports. The fund acquired 6,137 shares of the company’s stock, valued at approximately $295,000.

Several other large investors also recently modified their holdings of the stock. Crestwood Advisors Group LLC raised its position in shares of Avnet by 1.8% in the fourth quarter. Crestwood Advisors Group LLC now owns 20,399 shares of the company’s stock valued at $981,000 after purchasing an additional 353 shares during the period. Citizens Financial Group Inc. RI raised its position in shares of Avnet by 9.5% in the fourth quarter. Citizens Financial Group Inc. RI now owns 4,591 shares of the company’s stock valued at $221,000 after purchasing an additional 398 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Avnet by 18.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 47,739 shares of the company’s stock valued at $2,295,000 after purchasing an additional 7,469 shares during the period. Vest Financial LLC raised its position in shares of Avnet by 80.3% in the fourth quarter. Vest Financial LLC now owns 7,941 shares of the company’s stock valued at $382,000 after purchasing an additional 3,537 shares during the period. Finally, Pictet Asset Management Holding SA raised its position in shares of Avnet by 10.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 11,975 shares of the company’s stock valued at $576,000 after purchasing an additional 1,089 shares during the period. 95.78% of the stock is owned by institutional investors.

Avnet Price Performance

NASDAQ:AVT opened at $84.06 on Friday. Avnet, Inc. has a 52 week low of $44.25 and a 52 week high of $87.46. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 0.41 and a beta of 1.09. The firm’s 50-day simple moving average is $69.51 and its 200 day simple moving average is $58.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 2.01.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, April 29th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.15. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The business had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same period last year, the firm earned $0.84 earnings per share. Avnet’s revenue for the quarter was up 34.0% compared to the same quarter last year. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. As a group, sell-side analysts predict that Avnet, Inc. will post 4.92 earnings per share for the current year.

Avnet Dividend Announcement

The firm also recently declared 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. This represents a $1.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, March 4th. Avnet’s dividend payout ratio (DPR) is currently 54.47%.

Insider Buying and Selling

In other Avnet news, CEO Philip R. Gallagher sold 23,920 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 145,003 shares of the company’s stock, valued at $12,023,648.76. This trade represents a 14.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Zacks Research raised shares of Avnet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Truist Financial raised their price target on shares of Avnet to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $95.00 price target on shares of Avnet in a research report on Thursday, April 30th. Finally, Bank of America raised shares of Avnet from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $66.00 to $96.00 in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.00.

Avnet News Roundup

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Bank of America upgraded Avnet, boosting investor confidence and helping the shares rise. Avnet rises after rating upgrade at BofA
• Positive Sentiment: Analysts lifted the price target to $83.13, implying additional upside potential for Avnet (AVT). Avnet price target increased by 23.48% to 83.13
• Positive Sentiment: Zacks raised multiple forward earnings estimates, signaling expectations for stronger profitability in coming fiscal periods.
• Neutral Sentiment: Zacks lowered its Q3 2027 EPS estimate slightly, but kept a Strong-Buy rating and raised longer-term forecasts overall.

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.