Avnet (NASDAQ: AVT) has announced its quarterly earnings results, reporting earnings per share (EPS) of $1.05 for the latest quarter. This figure surpassed analysts’ expectations, which had estimated an EPS of $0.95, marking a significant achievement for the company. According to Briefing.com, Avnet’s performance reflects a 11.6% increase in revenue compared to the same quarter last year, when the company posted an EPS of $0.87.
The firm has also updated its guidance for the third quarter of fiscal year 2026, projecting an EPS range of $1.200 to $1.300. This outlook indicates confidence in continued growth and performance.
Financial Highlights and Stock Performance
On the day of the earnings announcement, shares of Avnet opened at $56.23. The stock has shown resilience, with a fifty-day moving average of $49.09 and a two-hundred-day moving average of $51.03. Avnet’s market capitalization stands at approximately $4.57 billion, with a price-to-earnings (P/E) ratio of 20.98 and a price-to-earnings-growth (PEG) ratio of 0.40. Over the past year, Avnet has seen its stock price fluctuate between a low of $39.22 and a high of $57.24. The company maintains a debt-to-equity ratio of 0.58, a current ratio of 2.36, and a quick ratio of 1.12.
Additionally, Avnet declared a quarterly dividend of $0.35 per share, which was paid on December 17, 2023, to shareholders on record as of December 3, 2023. This dividend represents an annualized yield of 2.5%, with a dividend payout ratio of 52.24%.
Institutional Investment Activity
Recent activity among institutional investors has indicated a growing interest in Avnet. Notably, BOKF NA increased its stake in the company by an impressive 1,116.7% during the third quarter, acquiring an additional 536 shares, bringing its total holdings to 584 shares valued at approximately $31,000. Similarly, EverSource Wealth Advisors LLC boosted its stake by 81.8% in the second quarter, now holding 1,918 shares worth $102,000.
Osaic Holdings Inc. and Aquatic Capital Management LLC also increased their positions during the second and third quarters, respectively, demonstrating confidence in Avnet’s future. Currently, institutional investors and hedge funds control 95.78% of Avnet’s stock.
Avnet, founded in 1921 by Charles Avnet, has evolved into a leading global technology distributor and solutions provider. The company specializes in sourcing, designing, and managing the supply chain for electronic components and embedded systems. Its extensive portfolio includes semiconductors, interconnects, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet’s offerings support customers through all stages of the product lifecycle, from initial design to end-of-life management.
The strong quarterly performance alongside significant institutional interest places Avnet in a robust position within the technology distribution sector, reflecting both operational success and positive market sentiment.
