Crossmark Global Holdings Inc. Has $514,000 Position in Avnet, Inc. $AVT

Crossmark Global Holdings Inc. lowered its position in Avnet, Inc. (NASDAQ:AVT) by 95.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,696 shares of the company’s stock after selling 247,022 shares during the period. Crossmark Global Holdings Inc.’s holdings in Avnet were worth $514,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its position in shares of Avnet by 132.7% in the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $27,000 after acquiring an additional 300 shares during the period. BOKF NA boosted its position in shares of Avnet by 1,116.7% in the third quarter. BOKF NA now owns 584 shares of the company’s stock valued at $31,000 after acquiring an additional 536 shares during the period. MAI Capital Management boosted its position in shares of Avnet by 53.7% in the third quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $35,000 after acquiring an additional 235 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Avnet by 53.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 737 shares of the company’s stock valued at $35,000 after acquiring an additional 258 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Avnet by 199.1% in the third quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $37,000 after acquiring an additional 466 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AVT shares. Raymond James Financial reissued a “strong-buy” rating and issued a $95.00 price objective on shares of Avnet in a research report on Thursday, April 30th. Wells Fargo & Company increased their price objective on Avnet from $60.00 to $70.00 and gave the company an “underweight” rating in a research report on Thursday, April 30th. Zacks Research raised Avnet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Truist Financial raised their target price on Avnet to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Bank of America raised Avnet from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $66.00 to $96.00 in a research report on Wednesday. Two 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 given a Sell rating to the stock. According to data from MarketBeat.com, Avnet presently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

More Avnet News

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.

Insider Activity

In other Avnet news, CEO Philip R. Gallagher sold 23,920 shares of Avnet stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $82.92, for a total transaction of $1,983,446.40. Following the completion of the transaction, the chief executive officer directly owned 145,003 shares of the company’s stock, valued at approximately $12,023,648.76. This trade represents a 14.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Avnet Stock Down 3.0%

Shares of NASDAQ AVT opened at $84.06 on Friday. The stock has a market cap of $6.89 billion, a PE ratio of 32.71, a PEG ratio of 0.41 and a beta of 1.09. The business has a fifty day moving average of $69.51 and a two-hundred day moving average of $58.96. Avnet, Inc. has a 52-week low of $44.25 and a 52-week high of $87.46. 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 issued its quarterly earnings data on Wednesday, April 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.15. The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Avnet had a return on equity of 7.07% and a net margin of 0.86%.The business’s revenue was up 34.0% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. As a group, equities research analysts expect that Avnet, Inc. will post 4.92 earnings per share for the current fiscal year.

Avnet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were issued 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%.

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.