Avnet, Inc. (NYSE:AVT) is expected to pay $0.17 on Dec 19, 2016. The indicated annual dividend is $0.68. Shareholders owning the stock before Dec 2, 2016 will be eligible to receive the payout. Based on Avnet, Inc.’s current price of $45.89, the dividend is 0.37%. This dividend’s record date is Dec 6, 2016 and the announcement date is Nov 11, 2016. The stock decreased 0.43% or $0.2 during the last trading session, hitting $45.89. Avnet, Inc. (NYSE:AVT) has risen 9.52% since April 28, 2016 and is uptrending. It has outperformed by 3.60% the S&P500.
Avnet, Inc. is a distributor of electronic components, enterprise computer, networking and storage products and software, information technology solutions and services, and embedded subsystems. The company has a market cap of $5.86 billion. The Firm operates through two divisions: Electronics Marketing and Technology Solutions (TS). It has a 13.61 P/E ratio. The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets.
Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.09, from 0.89 in 2016Q1. The ratio improved, as 44 funds sold all Avnet, Inc. shares owned while 125 reduced positions. 26 funds bought stakes while 125 increased positions. They now own 118.58 million shares or 5.22% less from 125.12 million shares in 2016Q1.
Snow Mgmt L P reported 1.32 million shares or 2.52% of all its holdings. Reliance Of Delaware has 0.02% invested in the company for 5,248 shares. Euclidean Mngmt Ltd Limited Liability Company has 2.08% invested in the company for 47,854 shares. Pacad Inv Ltd has invested 0.13% of its portfolio in Avnet, Inc. (NYSE:AVT). Loomis Sayles & Co Lp accumulated 147 shares or 0% of the stock. Bluemountain Capital Mngmt Limited Liability Corporation holds 0.22% or 237,602 shares in its portfolio. Commerzbank Aktiengesellschaft Fi holds 7,039 shares or 0% of its portfolio. Denali Advisors Ltd Liability Company has invested 2.65% of its portfolio in Avnet, Inc. (NYSE:AVT). Amalgamated Commercial Bank has 17,448 shares for 0.04% of their US portfolio. Moreover, Lpl Ltd has 0% invested in Avnet, Inc. (NYSE:AVT) for 14,964 shares. Susquehanna Int Group Limited Liability Partnership has 0% invested in the company for 46,500 shares. Moreover, Etrade Capital Ltd Limited Liability Company has 0.01% invested in Avnet, Inc. (NYSE:AVT) for 4,981 shares. Schwab Charles Investment Mngmt holds 0.02% or 430,791 shares in its portfolio. Boston last reported 4.76M shares in the company. Polaris Cap Mgmt Lc last reported 467,400 shares in the company.
Avnet, Inc. (NYSE:AVT) Ratings Coverage
Out of 7 analysts covering Avnet Inc. (NYSE:AVT), 1 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 14% are positive. $50 is the highest target while $35 is the lowest. The $41.80 average target is -8.91% below today’s ($45.89) stock price. Avnet Inc. has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Thursday, September 22 the stock rating was maintained by Citigroup with “Sell”. As per Friday, January 22, the company rating was upgraded by Longbow. Brean Capital downgraded Avnet, Inc. (NYSE:AVT) on Friday, April 29 to “Hold” rating. Longbow upgraded the shares of AVT in a report on Friday, October 21 to “Buy” rating. Bank of America initiated the shares of AVT in a report on Wednesday, April 27 with “Neutral” rating. The firm has “Hold” rating given on Tuesday, September 20 by Stifel Nicolaus. The company was upgraded on Tuesday, June 7 by Goldman Sachs. Cross Research downgraded Avnet, Inc. (NYSE:AVT) on Tuesday, September 20 to “Sell” rating. Citigroup maintained the stock with “Sell” rating in Thursday, August 11 report.
More news for Avnet, Inc. (NYSE:AVT) were recently published by: Businesswire.com, which released: “Avnet Acquires Hackster Inc.” on November 14, 2016. Businesswire.com‘s article titled: “Avnet Announces Pricing of $300 Million in Aggregate Principal Amount of Notes” and published on November 30, 2016 is yet another important article.
AVT Company Profile
Avnet, Inc. (Avnet), incorporated on July 22, 1955, is a distributor of electronic components, enterprise computer, networking and storage products and software, information technology (IT) solutions and services, and embedded subsystems. The Firm operates through two divisions: Electronics Marketing (EM) and Technology Solutions (TS). The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and solutions from the technology manufacturers and software developers. The TS segment also provides hard disk drives, microprocessor, motherboard and dynamic random access memory (DRAM) module technologies to manufacturers of general-purpose computers and system builders.
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