12,512 Shares in Avnet, Inc. $AVT Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in shares of Avnet, Inc. (NASDAQ:AVT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,512 shares of the company’s stock, valued at approximately $602,000.

Other large investors have also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in shares of Avnet during the third quarter valued at $616,000. Candriam S.C.A. bought a new position in Avnet in the 3rd quarter worth about $2,064,000. Bessemer Group Inc. grew its stake in Avnet by 7,002.0% in the 3rd quarter. Bessemer Group Inc. now owns 28,053 shares of the company’s stock worth $1,466,000 after acquiring an additional 27,658 shares in the last quarter. Vanguard Group Inc. grew its stake in Avnet by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 10,783,059 shares of the company’s stock worth $563,738,000 after acquiring an additional 214,290 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Avnet by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 576,725 shares of the company’s stock worth $30,151,000 after acquiring an additional 106,160 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Avnet

In other Avnet news, CEO Philip R. Gallagher sold 23,920 shares of the 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 sale, the chief executive officer 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Avnet Price Performance

Shares of AVT opened at $86.93 on Friday. The company has a 50 day moving average price of $74.51 and a 200-day moving average price of $61.55. Avnet, Inc. has a fifty-two week low of $44.25 and a fifty-two week high of $90.20. The stock has a market capitalization of $7.13 billion, a PE ratio of 33.83, a PEG ratio of 0.39 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.

Avnet (NASDAQ:AVT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.15. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The company’s revenue was up 34.0% compared to the same quarter last year. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. Equities analysts predict that Avnet, Inc. will post 5.12 earnings per share for the current fiscal year.

Avnet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 3rd. Avnet’s dividend payout ratio (DPR) is 54.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AVT shares. Zacks Research upgraded shares of Avnet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Wall Street Zen downgraded Avnet from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Bank of America upgraded Avnet from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $66.00 to $96.00 in a report on Wednesday, May 13th. Weiss Ratings downgraded Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Finally, Truist Financial lifted their price objective on Avnet to $95.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

Avnet 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.