AVT - Avnet Inc Stock Price, Fair Value and News

52.29USD+1.20 (+2.35%)Market Closed

Market Summary

USD52.29+1.20

Market Closed

2.35%

AVT Alerts

Big fall in Revenue (Y/Y)

Big fall in earnings (Y/Y)

AVT Stock Price

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AVT RSI Chart

AVT Valuation

Market Cap

4.6B

Price/Earnings (Trailing)

8.08

Price/Sales (Trailing)

0.19

EV/EBITDA

Price/Free Cashflow

11.74

AVT Price/Sales (Trailing)

AVT Profitability

Operating Margin

11.89%

EBT Margin

2.91%

Return on Equity

11.45%

Return on Assets

4.64%

Free Cashflow Yield

8.52%

AVT Fundamentals

AVT Revenue

Revenue (TTM)

24.7B

Rev. Growth (Yr)

-13.22%

Rev. Growth (Qtr)

-8.89%

AVT Earnings

Earnings (TTM)

571.3M

Earnings Growth (Yr)

-52.6%

Earnings Growth (Qtr)

-24.67%

Breaking Down AVT Revenue

52 Week Range

40.4452.31

(Low)(High)

Last 7 days

4.6%

Last 30 days

5.3%

Last 90 days

16.3%

Trailing 12 Months

23.6%

How does AVT drawdown profile look like?

AVT Financial Health

Current Ratio

2.33

Debt/Equity

0.48

Debt/Cashflow

0.27

AVT Investor Care

Dividend Yield

2.39%

Dividend/Share (TTM)

1.22

Buy Backs (1Y)

1.12%

Diluted EPS (TTM)

6.18

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	24.7B	0	0	0
2023	26.4B	26.5B	26.1B	25.6B
2022	23.2B	24.3B	25.5B	26.3B
2021	18.5B	19.5B	20.4B	21.6B
2020	18.2B	17.6B	17.7B	17.9B
2019	19.9B	19.5B	19.1B	18.5B
2018	18.6B	19.0B	19.5B	20.0B
2017	16.8B	17.4B	18.0B	18.2B
2016	17.0B	16.8B	16.3B	16.4B
2015	28.2B	17.7B	17.4B	17.2B
2014	27.0B	27.5B	28.0B	28.1B
2013	25.2B	25.5B	25.9B	26.7B
2012	26.3B	25.7B	25.2B	25.2B
2011	24.8B	26.5B	26.8B	26.7B
2010	17.7B	19.2B	21.0B	22.9B
2009	16.7B	16.2B	16.1B	16.7B
2008	0	18.0B	17.5B	17.1B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Avnet Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 22, 2024	obregon-jimenez rebeca	sold	-101,748	46.04	-2,210	svp
Jan 04, 2024	gallagher philip r	sold (taxes)	-1,234,360	49.42	-24,977	chief executive officer
Jan 04, 2024	arnold ken e.	sold (taxes)	-151,472	49.42	-3,065	svp, chief people officer
Jan 04, 2024	mccoy michael ryan	sold (taxes)	-175,738	49.42	-3,556	svp, general counsel
Jan 04, 2024	chan leng jin	sold (taxes)	-119,844	49.42	-2,425	svp, cio
Jan 04, 2024	mcmullen elizabeth	sold (taxes)	-79,467	49.42	-1,608	senior vp - operations
Jan 04, 2024	obregon-jimenez rebeca	sold (taxes)	-68,693	49.42	-1,390	svp
Jan 04, 2024	jacobson kenneth a	sold (taxes)	-192,936	49.42	-3,904	chief financial officer
Jan 02, 2024	modjtabai avid	acquired	-	-	3,642	-
Jan 02, 2024	jenkins jo ann	acquired	-	-	3,642	-

Which funds bought or sold AVT recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	AIA Group Ltd	new	-	1,238,900	1,238,900	0.04%
May 06, 2024	SG Americas Securities, LLC	reduced	-41.46	-388,000	528,000	-%
May 06, 2024	Parallel Advisors, LLC	reduced	-4.99	-5,546	79,380	-%
May 06, 2024	TEXAS PERMANENT SCHOOL FUND CORP	added	1.18	-18,482	3,921,080	0.03%
May 06, 2024	Envestnet Portfolio Solutions, Inc.	added	3.68	6,664	339,647	-%
May 06, 2024	Hilltop National Bank	new	-	102,680	102,680	0.04%
May 06, 2024	LSV ASSET MANAGEMENT	reduced	-2.84	-6,684,000	144,512,000	0.30%
May 06, 2024	HighTower Advisors, LLC	added	15.35	40,000	414,000	-%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	new	-	365,256	365,256	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	reduced	-20.81	-542,000	1,911,000	0.01%

Are Funds Buying or Selling AVT?

Are funds buying AVT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own AVT

No. of Funds

Unveiling Avnet Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.53%	10,430,858	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	6.9%	6,253,930	SC 13G/A
Feb 08, 2024	pzena investment management llc	9.7%	8,751,446	SC 13G
Jan 24, 2024	blackrock inc.	10.1%	9,169,038	SC 13G/A
Jun 08, 2023	blackrock inc.	10.1%	9,243,635	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	6.5%	5,934,049	SC 13G
Feb 09, 2023	vanguard group inc	11.17%	10,224,425	SC 13G/A
Jan 24, 2023	blackrock inc.	9.5%	8,726,739	SC 13G/A
Jan 20, 2023	pzena investment management llc	10.14%	9,282,603	SC 13G/A
Sep 08, 2022	blackrock inc.	10.0%	9,474,276	SC 13G

Recent SEC filings of Avnet Inc

View All Filings

Date Filed	Form Type	Document
May 03, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 02, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Feb 22, 2024	4	Insider Trading
Feb 22, 2024	144	Notice of Insider Sale Intent
Feb 13, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to Avnet Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.8T	381.6B	7.54%	5.11%	27.86	7.33	-0.90%	6.43%
APH	74.9B	12.8B	6.23%	65.48%	36.76	5.83	1.52%	6.35%
GLW	28.6B	12.4B	2.70%	6.20%	46.36	2.31	-9.51%	-33.28%
FTV	27.1B	6.1B	-8.59%	18.87%	30.14	4.42	3.71%	17.79%
FLEX	12.3B	29.4B	0.24%	39.85%	16.29	0.42	-1.12%	-8.06%
MID-CAP
CGNX	7.9B	847.2M	13.56%	-7.48%	79.08	9.3	-8.39%	-42.67%
ARW	6.8B	31.3B	-0.25%	7.84%	9.48	0.22	-14.93%	-46.67%
BMI	5.6B	740.8M	20.51%	39.19%	54.92	7.59	25.07%	42.99%
AVT	4.6B	24.7B	5.30%	23.61%	8.08	0.19	-6.09%	-33.76%
ESE	2.8B	968.8M	5.52%	13.28%	30.28	2.91	9.35%	8.73%
SMALL-CAP
CNXN	1.6B	2.8B	-4.93%	60.32%	20.06	0.6	-10.09%	0.74%
BHE	1.4B	2.8B	30.69%	87.76%	21.39	0.5	-4.25%	-5.27%
GPRO	278.0M	986.2M	-9.80%	-57.11%	-0.77	0.28	-6.21%	-5303.34%
AEY	32.0M	56.7M	-14.40%	28.92%	-3.8	0.59	-41.04%	-726.48%
CPSH	25.7M	26.4M	-1.11%	-35.97%	33.46	0.97	-2.48%	-64.63%

Avnet Inc News

Latest updates

Avnet Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-8.9%	5,654	6,205	6,336	6,555	6,515	6,718	6,750	6,373	6,488	5,865	5,585	5,227	4,917	4,668	4,723	4,160	4,310	4,535	4,630	4,681	4,699
Cost Of Revenue	-9.4%	4,984	5,499	5,588	5,737	5,703	5,933	5,982	5,593	5,675	5,152	4,925	4,582	4,348	4,157	4,207	3,685	3,791	4,009	4,086	4,086	4,075
Gross Profit	-5.2%	669	706	748	818	812	784	768	780	813	713	660	645	568	511	516	475	519	526	544	595	624
S&GA Expenses	0.6%	467	465	487	506	498	485	478	495	512	501	486	498	463	442	471	451	470	465	457	460	468
EBITDA Margin	-8.1%	0.04*	0.05*	0.05*	0.05*	0.05*	0.05*	0.05*	0.04*	0.04*	0.03*	0.03*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-1.1%	73.00	74.00	71.00	75.00	72.00	59.00	45.00	30.00	26.00	22.00	23.00	23.00	22.00	21.00	22.00	25.00	30.00	34.00	34.00	35.00	36.00
Income Taxes	-63.2%	13.00	36.00	66.00	35.00	56.00	59.00	62.00	2.00	65.00	41.00	34.00	6.00	-37.36	15.00	-4.41	-68.30	-29.42	7.00	-7.71	-29.81	31.00
Earnings Before Taxes	-33.6%	102	154	275	190	244	303	246	249	248	192	145	92.00	70.00	34.00	-23.30	-16.14	-158	11.00	34.00	-68.71	126
EBT Margin	-13.5%	0.03*	0.03*	0.04*	0.04*	0.04*	0.04*	0.04*	0.03*	0.03*	0.02*	0.02*	-	-	-	-	-	-	-	-	-	-
Net Income	-24.7%	89.00	118	209	155	187	244	184	247	183	151	111	85.00	107	19.00	-18.89	52.00	-128	4.00	42.00	-31.84	88.00
Net Income Margin	-11.7%	0.02*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.02*	0.02*	0.02*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	467.9%	457	-124	-117	178	-8.11	-404	-673	-215	232	-242	-42.99	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-5.2%	12,325	12,997	12,646	12,477	12,109	11,930	10,968	10,389	9,782	9,581	9,211	8,925	8,366	8,264	8,381	8,105	8,090	8,525	8,913	8,565	9,100
Current Assets	-5.9%	10,486	11,139	10,911	10,751	10,444	10,304	9,510	8,877	8,218	7,944	7,465	7,163	6,605	6,454	6,602	6,329	6,317	6,537	6,989	6,876	7,255
Cash Equivalents	-19.9%	218	273	279	288	186	325	81.00	154	199	168	299	200	323	376	483	477	403	489	664	546	725
Inventory	-6.0%	5,752	6,116	5,755	5,465	5,354	4,973	4,655	4,244	3,681	3,543	3,284	3,237	2,760	2,816	2,945	2,732	2,745	2,909	3,026	3,008	3,212
Net PPE	-0.4%	562	564	471	442	400	378	300	315	323	338	352	369	381	403	404	405	413	431	437	452	455
Goodwill	-0.8%	781	787	760	781	771	755	704	759	805	824	824	838	838	835	799	774	761	916	859	877	1,027
Liabilities	-8.1%	7,336	7,987	7,824	7,725	7,474	7,500	6,949	6,196	5,525	5,378	5,066	4,841	4,428	4,354	4,604	4,379	4,412	4,568	4,955	4,424	4,737
Current Liabilities	-5.7%	4,493	4,766	4,290	4,249	3,970	4,058	4,659	4,252	4,066	3,689	3,113	3,055	2,886	2,826	2,766	2,280	2,608	2,745	3,137	2,579	2,333
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	492	638	301	-
Long Term Debt	-12.6%	2,406	2,754	3,102	2,988	3,033	2,980	1,826	1,437	922	1,145	1,390	1,191	896	896	1,195	1,425	1,194	1,194	1,192	1,420	2,024
LT Debt, Non Current	-100.0%	-	2,754	3,102	2,988	3,033	2,980	1,826	1,437	922	1,145	1,390	1,191	896	896	1,195	1,425	1,194	1,194	1,192	1,420	2,024
Shareholder's Equity	-0.4%	4,989	5,010	4,823	4,752	4,636	4,430	4,019	4,193	4,257	4,203	4,146	4,084	3,938	3,911	3,778	3,726	3,677	3,957	3,958	4,140	4,362
Retained Earnings	1.7%	3,625	3,564	3,533	3,378	3,250	3,089	2,934	2,921	2,800	2,686	2,593	2,516	2,453	2,366	2,368	2,422	2,390	2,576	2,678	2,767	2,935
Additional Paid-In Capital	-0.2%	1,710	1,714	1,702	1,691	1,679	1,679	1,666	1,657	1,645	1,643	1,632	1,622	1,611	1,610	1,599	1,594	1,587	1,588	1,581	1,573	1,565
Shares Outstanding	-0.5%	90.00	91.00	91.00	92.00	92.00	91.00	94.00	99.00	99.00	99.00	100	99.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	3,747	-	-	-	4,025	-	-	-	3,445	-	-	-	4,189	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	1280.9%	499,305	-42,281	-41,294	234,538	18,260	-321,352	-645,149	-199,892	243,791	-232,241	-30,968	-106,577	-9,868	84,950	122,444	287,572	98,404	148,564	195,642	334,625	269,221
Share Based Compensation	-32.1%	7,199	10,596	9,355	8,724	8,719	12,414	8,924	8,100	9,082	10,378	9,178	7,046	6,962	10,370	4,961	6,075	6,254	7,285	7,218	5,894	7,127
Cashflow From Investing	48.9%	-41,866	-81,926	-75,789	-57,421	-26,415	-106,810	-20,905	-89.00	5,234	57,861	-11,707	-10,025	-3,503	-9,723	-37,945	-9,805	-16,353	-66,480	-42,379	-22,913	5,965
Cashflow From Financing	-514.1%	-507,086	122,449	100,150	-67,691	-134,076	668,138	588,385	159,735	-202,914	56,752	142,486	-5,619	-35,471	-184,613	-88,310	-200,120	-160,410	-261,267	-22,753	-494,248	-29,508
Dividend Payments	-100.0%	-	27,800	28,320	26,498	26,500	26,300	26,998	25,267	25,600	23,700	23,893	21,909	20,888	20,756	20,756	20,740	20,809	20,975	21,451	20,948	21,500
Buy Backs	-100.7%	-433	59,850	27,043	448	4,478	64,424	147,902	94,418	45,132	35,342	10,503	-	-	-	-	1,709	36,744	87,558	112,135	120,153	117,237

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AVT Income Statement

2024-03-30

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Income Statement [Abstract]
Sales	$ 5,653,591	$ 6,514,619	$ 18,194,153	$ 19,982,273
Revenue, Product and Service [Extensible List]	us-gaap:TechnologyServiceMember	us-gaap:TechnologyServiceMember	us-gaap:TechnologyServiceMember	us-gaap:TechnologyServiceMember
Cost of sales	$ 4,984,318	$ 5,702,771	$ 16,070,591	$ 17,618,151
Cost, Product and Service [Extensible List]	us-gaap:TechnologyServiceMember	us-gaap:TechnologyServiceMember	us-gaap:TechnologyServiceMember	us-gaap:TechnologyServiceMember
Gross profit	$ 669,273	$ 811,848	$ 2,123,562	$ 2,364,122
Selling, general and administrative expenses	467,275	498,219	1,419,253	1,460,984
Restructuring, integration and other expenses	11,847		24,132
Operating income	190,151	313,629	680,177	903,138
Other (expense) income, net	(14,707)	1,653	(17,144)	3,452
Interest and other financing expenses, net	(73,496)	(71,695)	(218,593)	(175,813)
Gain on legal settlements and other			86,499	61,705
Income before taxes	101,948	243,587	530,939	792,482
Income tax expense	13,114	56,161	114,906	176,910
Net income	$ 88,834	$ 187,426	$ 416,033	$ 615,572
Earnings per share:
Basic	$ 0.98	$ 2.05	$ 4.59	$ 6.67
Diluted	$ 0.97	$ 2.03	$ 4.52	$ 6.58
Shares used to compute earnings per share:
Basic	90,430	91,436	90,726	92,226
Diluted	91,256	92,456	92,075	93,616
Cash dividends paid per common share	$ 0.31	$ 0.29	$ 0.93	$ 0.87

AVT Balance Sheet

2024-03-30

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 30, 2024	Jul. 01, 2023
Current assets:
Cash and cash equivalents	$ 218,473	$ 288,230
Receivables	4,315,063	4,763,788
Inventories	5,751,872	5,465,031
Prepaid and other current assets	200,428	233,804
Total current assets	10,485,836	10,750,853
Property, plant and equipment, net	561,560	441,557
Goodwill	780,506	780,629
Operating lease assets	219,572	221,698
Other assets	277,763	282,422
Total assets	12,325,237	12,477,159
Current liabilities:
Short-term debt	548,519	70,636
Accounts payable	3,324,043	3,373,820
Accrued expenses and other	565,047	753,130
Short-term operating lease liabilities	55,063	51,792
Total current liabilities	4,492,672	4,249,378
Long-term debt	2,406,421	2,988,029
Long-term operating lease liabilities	183,427	190,621
Other liabilities	253,620	297,462
Total liabilities	7,336,140	7,725,490
Commitments and contingencies (Note 7)
Shareholders' equity:
Common stock $1.00 par; authorized 300,000,000 shares; issued 90,395,434 shares and 91,504,053 shares, respectively	90,395	91,504
Additional paid-in capital	1,709,747	1,691,334
Retained earnings	3,625,012	3,378,212
Accumulated other comprehensive loss	(436,057)	(409,381)
Total shareholders' equity	4,989,097	4,751,669
Total liabilities and shareholders' equity	$ 12,325,237	$ 12,477,159

About Avnet Inc

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 education and training; and supply chain solutions that provide support and logistical services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, this segment provides embedded solutions, such as technical design, integration, and assembly of embedded products, systems, and solutions primarily for industrial applications, as well as embedded display solutions comprising touch and passive displays; and develops and manufactures standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. This segment serves various markets, such as automotive, medical, defense, aerospace, telecommunications, industrial, and digital editing. The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. It has operations in the Americas, Europe, the Middle East, Africa, and Asia. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

CEO	Mr. Philip R. Gallagher
WEBSITE	avnet.com
INDUSTRY	Consumer Electronics
EMPLOYEES	15800

Avnet Inc Frequently Asked Questions

What is the ticker symbol for Avnet Inc? What does AVT stand for in stocks?

AVT is the stock ticker symbol of Avnet Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Avnet Inc (AVT)?

As of Tue May 07 2024, market cap of Avnet Inc is 4.62 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AVT stock?

You can check AVT's fair value in chart for subscribers.

What is the fair value of AVT stock?

You can check AVT's fair value in chart for subscribers. The fair value of Avnet Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Avnet Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AVT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Avnet Inc a good stock to buy?

The fair value guage provides a quick view whether AVT is over valued or under valued. Whether Avnet Inc is cheap or expensive depends on the assumptions which impact Avnet Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AVT.

What is Avnet Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, AVT's PE ratio (Price to Earnings) is 8.08 and Price to Sales (PS) ratio is 0.19. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AVT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Avnet Inc's stock?

In the past 10 years, Avnet Inc has provided 0.037 (multiply by 100 for percentage) rate of return.