Avnet, Inc. (AVT)

NASDAQ: AVT · IEX Real-Time Price · USD
46.13
-0.86 (-1.83%)
Mar 18, 2024, 4:00 PM EDT - Market closed
-1.83%
Market Cap 4.17B
Revenue (ttm) 25.61B
Net Income (ttm) 669.88M
Shares Out 90.36M
EPS (ttm) 7.24
PE Ratio 6.37
Forward PE 9.51
Dividend $1.24 (2.69%)
Ex-Dividend Date Mar 5, 2024
Volume 712,163
Open 47.29
Previous Close 46.99
Day's Range 46.12 - 47.41
52-Week Range 39.64 - 51.65
Beta 1.25
Analysts Sell
Price Target 45.50 (-1.37%)
Earnings Date May 1, 2024

About AVT

Avnet, Inc., distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers. It also offers design chain support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical e... [Read more]

Sector Technology
Founded 1921
Employees 15,800
Stock Exchange NASDAQ
Ticker Symbol AVT
Full Company Profile

Financial Performance

In 2023, Avnet's revenue was $26.54 billion, an increase of 9.16% compared to the previous year's $24.31 billion. Earnings were $770.83 million, an increase of 11.33%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for AVT stock is "Sell." The 12-month stock price forecast is $45.5, which is a decrease of -1.37% from the latest price.

Price Target
$45.5
(-1.37% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Avnet to Participate in the Raymond James Institutional Investors Conference on March 4

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to participate in the Raymond James Institutional Investors Conference on March 4.

27 days ago - Business Wire

Avnet Declares Regular Quarterly Dividend

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet declares regular quarterly dividend.

4 weeks ago - Business Wire

Avnet Reports Second Quarter 2024 Financial Results

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet reports second quarter 2024 financial results.

6 weeks ago - Business Wire

Avnet to Report Second Quarter Fiscal Year 2024 Earnings on January 31

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to report second quarter fiscal year 2024 earnings on January 31.

2 months ago - Business Wire

Avnet to Participate in Upcoming Investor Conferences

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to participate in upcoming investor conferences.

4 months ago - Business Wire

Avnet Insights Survey Shows Engineers Have Reached a Turning Point

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet Insights survey shows engineers have reached a turning point.

4 months ago - Business Wire

Avnet Reports First Quarter 2024 Financial Results

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet reports first quarter 2024 financial results.

4 months ago - Business Wire

Chip stocks just got sent a big warning

Texas Instruments just sent a grim warning about the state of the semiconductor industry, and stocks across the sector are feeling the impact.

Other symbols: ADITXNAMDARWINTCMCHPMU
5 months ago - Market Watch

Avnet to Report First Quarter Fiscal Year 2024 Earnings on November 1

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to report first quarter fiscal year 2024 earnings on November 1.

5 months ago - Business Wire

Untether AI Announces New Distributor Partnership with Avnet, Expanding its Global Reach

TORONTO--(BUSINESS WIRE)-- #AI--Today, Untether AI®, the leader in energy-centric AI acceleration technology, announced it has appointed Avnet as its distribution partner in Israel. The distribution p...

6 months ago - Business Wire

Low PE Stocks in Steady Uptrends

As the stock market has made a strong recovery so far this year, investors may be looking for undervalued stocks that are on the rise. This discussion looks at four companies that have solid moving av...

Other symbols: AMKRTMTOL
7 months ago - GuruFocus

Avnet raises dividend by 7%

Electronics distributor Avnet Inc. AVT, +1.19% said late Tuesday that its board has approved a 7% increase in the company's dividend to 31 cents a share. The dividend will be paid on Sept.

7 months ago - Market Watch

Avnet Increases Quarterly Dividend by 7%

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet increases quarterly dividend by 7%.

7 months ago - Business Wire

Avnet to Participate in the Citi 2023 Global Technology Conference on September 6

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to participate in the Citi 2023 Global Technology Conference on September 6.

7 months ago - Business Wire

Avnet's stock jumps as results and forecast beat estimates

Shares of Avnet Inc. AVT rose 5.2% after hours on Wednesday after the electronic-components supplier reported fourth-quarter results and gave a fourth-quarter forecast that topped Wall Street's expect...

7 months ago - Market Watch

Avnet Reports Fourth Quarter and Fiscal 2023 Financial Results

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet reports fourth quarter and fiscal 2023 financial results.

7 months ago - Business Wire

Avnet Insights: Driven by Customer Demand, Engineers are Designing for Sustainability

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet Insights Survey: Driven by customer demand, engineers are designing for sustainability.

8 months ago - Business Wire

Avnet to Report Fourth Quarter and Fiscal Year 2023 Earnings on August 16 and to Hold Annual Shareholder Meeting on November 16

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to report fourth quarter and fiscal year 2023 earnings on August 16 and to hold annual shareholder meeting on November 16.

8 months ago - Business Wire

Avnet to Participate in Investor Conferences in June

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to participate in investor conferences in June.

10 months ago - Business Wire

Avnet's stock rises 3% on earnings, revenue beats

Avnet Corp.'s AVT stock climbed 3% in extended trading Wednesday after the electronics company posted fiscal third-quarter results that easily exceeded analyst revenue and earnings estimates. Avnet re...

11 months ago - Market Watch

Avnet Reports Third Quarter Fiscal 2023 Financial Results

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet reports third quarter fiscal 2023 financial results.

11 months ago - Business Wire

Avnet to Report Third Quarter Fiscal Year 2023 Earnings on May 3

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to report Third Quarter Fiscal Year 2023 earnings on May 3.

11 months ago - Business Wire

7 Dividend-Paying Stocks to Consider

Selected using techniques derived from the works of Benjamin Graham, these basic value stocks are trading below book value and pay dividends. Such equities are for those taking a long-term approach to...

Other symbols: ARCBVNGGBMTGMTHPANL
1 year ago - GuruFocus

Avnet to Participate in the 44th Annual Raymond James Institutional Investors Conference on March 6

PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions company, today announced it will participate in the upcoming 44th Annual Raymond James Institutional Investors Conf...

1 year ago - Business Wire

Avnet Declares Regular Quarterly Dividend of $0.29

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet declares regular quarterly dividend of $0.29.

1 year ago - Business Wire