Insider Selling: Avnet (NASDAQ:AVT) SVP Sells 32,052 Shares of Stock

Avnet, Inc. (NASDAQ:AVT) SVP Michael Ryan Mccoy sold 32,052 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $91.10, for a total transaction of $2,919,937.20. Following the sale, the senior vice president directly owned 76,674 shares of the company’s stock, valued at $6,985,001.40. This represents a 29.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Avnet Trading Up 2.0%

Shares of AVT traded up $1.75 during trading hours on Friday, hitting $88.64. The stock had a trading volume of 1,132,672 shares, compared to its average volume of 1,244,417. Avnet, Inc. has a 12-month low of $44.25 and a 12-month high of $100.00. The firm has a market cap of $7.27 billion, a P/E ratio of 22.22, a P/E/G ratio of 0.29 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. The company’s fifty day simple moving average is $89.39 and its 200 day simple moving average is $78.19.

Avnet (NASDAQ:AVT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.48. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $7.56 billion. Avnet had a return on equity of 9.57% and a net margin of 1.21%.The company’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same period last year, the business posted $0.81 EPS. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Equities research analysts forecast that Avnet, Inc. will post 9.66 EPS for the current fiscal year.

Avnet Increases Dividend

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

Avnet News Summary

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Broad-based earnings estimate increases: Zacks Research raised its EPS forecasts across multiple periods, including Q1 2027 to $2.85 from $1.53, Q2 2027 to $2.16 from $1.74, Q3 2027 to $1.96 from $1.55, and FY2027 to $9.00 from $6.65. The firm also lifted FY2028 estimates to $9.79 from $7.19 and projects FY2029 EPS of $10.15. Zacks maintains a “Strong-Buy” rating. Zacks Research earnings estimates
• Positive Sentiment: Higher forward-quarter expectations: The firm increased its Q1 2028 forecast to $3.14 from $1.85, Q2 2028 to $2.35 from $1.89, Q3 2028 to $2.06 from $1.66, and Q4 2028 to $2.23 from $1.79. These revisions point to stronger anticipated earnings momentum than previously expected. Avnet forward earnings revisions
• Positive Sentiment: Dividend increase: Avnet declared a quarterly dividend of $0.37 per share, up from $0.35, representing a 5.7% increase. The dividend is payable September 23 to shareholders of record September 9, with an indicated annual yield of approximately 1.7%. Avnet increases quarterly dividend
• Neutral Sentiment: Valuation remains a focus: Zacks is examining whether Avnet is undervalued based on value, growth, momentum, and earnings-estimate trends. The discussion could attract value-oriented investors, although the article details provided do not include a specific valuation conclusion. Are Investors Undervaluing Avnet

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AVT shares. Weiss Ratings raised shares of Avnet from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Zacks Research upgraded shares of Avnet from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Wall Street Zen upgraded Avnet from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Wells Fargo & Company increased their price target on Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Monday, July 20th. Finally, Bank of America upgraded Avnet from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $66.00 to $96.00 in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Avnet presently has a consensus rating of “Moderate Buy” and an average price target of $93.25.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AVT. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Avnet in the second quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in Avnet during the 4th quarter worth $28,000. BOKF NA increased its stake in Avnet by 1,116.7% during 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 period. State of Wyoming acquired a new position in Avnet in the 2nd quarter worth $37,000. Finally, Hantz Financial Services Inc. lifted its holdings in Avnet by 62.0% in the 4th quarter. Hantz Financial Services Inc. now owns 852 shares of the company’s stock worth $41,000 after buying an additional 326 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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.