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. Recently, Yahoo Finance discussed the stock, revealing that Avnet to Participate in the Raymond James Institutional Investors Conference on March 4.
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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 $45.70 and fluctuated between $45.76 as its day high and $44.82 as its day low. The current market capitalization of Avnet Inc. is $4.13B. A total of 0.57 million shares were traded on the day, compared to an average of 576.68K 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 14 BUYs and 2 SELLs from insiders. Insiders purchased 217,461 shares during that period but sold 105,591.
In the most recent transaction, LAWRENCE JAMES A sold 8,190 shares of AVT for 47.30 per share on Nov 24. After the transaction, the Director now owns 0 company shares. In a previous transaction on Nov 21, LAWRENCE JAMES A sold 6,910 shares at 47.68 per share. AVT shares that Director owns now total 8,190.
Among the insiders who sold shares, GALLAGHER PHILIP R disposed of 32,740 shares on May 15 at a per-share price of $41.35. This resulted in the Chief Executive Officer holding 176,334 shares of AVT after the transaction. In another insider transaction, LAWRENCE JAMES A sold 72,851 shares at $41.69 per share on May 11. Company shares held by the Director now total 15,100.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Avnet Inc. pays an annual dividend of $1.20, resulting in a dividend yield of 2.63%, and it has a price to earnings (P/E) ratio of 6.32. AVT’s most recent ex-dividend date was 3/5/2024 when it declared a $0.31 quarterly dividend that was paid in cash on 3/20/2024. Previously, the company paid the dividend on 12/20/2023 with an ex-dividend date of 12/5/2023. The AVT stock dividend was $0.31 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 $48.07 with high estimates of $57.00 and low estimates of $40.00. In terms of 52-week highs and lows, AVT has a high of $51.65 and a low of $39.64.
As of this writing, AVT has an earnings estimate of $1.1 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.15 per share and a lower estimate of $1.08. The company reported an EPS of $1.61 in the last quarter, which was 5.90% higher than expectations of $1.52.
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 $55.82, 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, 0 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 Buy with a score of 2.67.
