3 days Ago By ABMN Staff
CIBC Private Wealth Group LLC boosted its holdings in shares of Avnet, Inc. ( NASDAQ:AVT – Free Report ) by 36.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 4,830 shares of the company’s stock after purchasing an additional 1,297 shares during the period. CIBC Private Wealth Group LLC’s holdings in Avnet were worth $250,000 at the end of the most recent quarter. A number of other large investors have also recently modified their holdings of the business.
Synergy Investment Management LLC acquired a new position in Avnet during the 4th quarter worth approximately $38,000. Principal Securities Inc. grew its stake in shares of Avnet by 18.
2% during the fourth quarter. Principal Securities Inc. now owns 1,373 shares of the company’s stock worth $72,000 after buying an additional 211 shares during the last quarter.
Harvest Fund Management Co. Ltd increased its holdings in shares of Avnet by 1,768.1% during the fourth quarter.
Harvest Fund Management Co. Ltd now owns 2,167 shares of the company’s stock worth $113,000 after buying an additional 2,051 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Avnet by 18.
6% in the 4th quarter. GAMMA Investing LLC now owns 2,177 shares of the company’s stock valued at $114,000 after acquiring an additional 341 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Avnet by 55.
7% in the 4th quarter. KBC Group NV now owns 3,356 shares of the company’s stock valued at $176,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 95.
78% of the company’s stock. Avnet Stock Down 4.6 % Shares of NASDAQ:AVT opened at $42.
26 on Monday. The business has a fifty day simple moving average of $49.57 and a 200 day simple moving average of $52.
35. Avnet, Inc. has a 12-month low of $40.
93 and a 12-month high of $59.24. The firm has a market cap of $3.
66 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.13 and a beta of 1.
04. The company has a quick ratio of 1.15, a current ratio of 2.
39 and a debt-to-equity ratio of 0.53. Avnet Announces Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th.
Investors of record on Wednesday, March 5th were paid a dividend of $0.33 per share. This represents a $1.
32 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Wednesday, March 5th.
Avnet’s dividend payout ratio is presently 37.39%. Wall Street Analysts Forecast Growth A number of brokerages have issued reports on AVT.
Bank of America cut Avnet from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $58.00 to $48.00 in a report on Thursday, January 30th.
Truist Financial reduced their price target on Avnet from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Thursday, January 30th.
Get Our Latest Analysis on Avnet Avnet Company Profile ( Free Report ) 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.
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