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Tuesday, June 6, 2023

This Is Too Hot For Avnet Inc. (NASDAQ: AVT), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Avnet Inc. (AVT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $41.13. The Avnet Inc. has recorded 14,477 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Avnet to Report Third Quarter Fiscal Year 2023 Earnings on May 3.

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Stocks Info

As a NASDAQ listed company, AVT falls under the Technology sector while operating within the Electronics & Computer Distribution industry segment. At the end of the last regular session, the stock closed at $41.13 and fluctuated between $41.71 as its day high and $41.10 as its day low. The current market capitalization of Avnet Inc. is $3.70B. A total of 0.55 million shares were traded on the day, compared to an average of 565.06K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, AVT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 18 BUYs and 15 SELLs from insiders. Insiders purchased 216,911 shares during that period but sold 259,581.

In the most recent transaction, Liguori Thomas sold 24,221 shares of AVT for 45.03 per share on Aug 18. After the transaction, the Chief Financial Officer now owns 30,066 company shares. In a previous transaction on Aug 17, Liguori Thomas sold 24,221 shares at 43.92 per share. AVT shares that Chief Financial Officer owns now total 54,287.

Among the insiders who sold shares, Liguori Thomas disposed of 20,161 shares on Aug 16 at a per-share price of $44.73. This resulted in the Chief Financial Officer holding 78,508 shares of AVT after the transaction. In another insider transaction, SCHUMANN WILLIAM H sold 3,856 shares at $45.20 per share on May 04. Company shares held by the Director now total 0.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Avnet Inc. pays an annual dividend of $1.16, resulting in a dividend yield of 2.82%, and it has a price to earnings (P/E) ratio of 4.62. AVT’s most recent ex-dividend date was 2/28/2023 when it declared a $0.29 quarterly dividend that was paid in cash on 3/15/2023. Previously, the company paid the dividend on 12/21/2022 with an ex-dividend date of 12/6/2022. The AVT stock dividend was $0.29 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for AVT in the last 3 months, the mean price target is $46.57 with high estimates of $57.00 and low estimates of $38.00. In terms of 52-week highs and lows, AVT has a high of $50.19 and a low of $35.45.

As of this writing, AVT has an earnings estimate of $1.79 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.81 per share and a lower estimate of $1.76. The company reported an EPS of $2 in the last quarter, which was 4.70% higher than expectations of $1.91.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. AVT’s latest balance sheet shows that the firm has $153.69M in Cash & Short Term Investments as of fiscal 2022. There were $1.87B in debt and $4.25B in liabilities at the time. Its Book Value Per Share was $48.58, while its Total Shareholder’s Equity was $4.19B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AVT is Overweight with a score of 2.71. A total of 1 analysts rated the stock as Buy while 1 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 3 thought it should be Sold.

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