Raymond James reiterated coverage on Avnet with a new price target
$AVT
Electronic Components
Technology
Raymond James reiterated coverage of Avnet with a rating of Strong Buy and set a new price target of $50.00 from $47.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/30/2025 | Neutral → Underperform | BofA Securities | |
| 9/16/2022 | $45.00 → $35.00 | Equal Weight → Underweight | Wells Fargo |
| 7/14/2022 | $46.00 | Underweight | JP Morgan |
| 1/27/2022 | $52.00 → $57.00 | Strong Buy | Raymond James |
| 10/7/2021 | $49.00 → $43.00 | Neutral | BofA Securities |
| 8/12/2021 | $50.00 → $52.00 | Strong Buy | Raymond James |
Avnet, Inc. (Nasdaq: AVT) ("Avnet" or the "Company") today announced the pricing of its private offering of $550.0 million aggregate principal amount of 1.75% Convertible Senior Notes due 2030 (the "Notes"). The size of the offering was increased from the previously announced $500.0 million aggregate principal amount of Notes. Avnet also granted the initial purchasers of the Notes an option to purchase up to an additional $100.0 million aggregate principal amount of the Notes, for settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued. The offering of the Notes is expected to close on or about September 5, 2025, subject to customary closi
Avnet, Inc. (Nasdaq: AVT) ("Avnet" or the "Company") today announced that it intends to offer in a private offering, subject to market and other conditions, $500.0 million aggregate principal amount of Convertible Senior Notes due 2030 (the "Notes"). Avnet also expects to grant to the initial purchasers of the Notes an option to purchase up to an additional $75.0 million aggregate principal amount of the Notes, for settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued. The Notes will be Avnet's senior unsecured obligations. The Notes will mature on September 1, 2030, unless earlier converted, redeemed or repurchased. Avnet will satis
Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, announced that its Board of Directors has approved a 6% increase in the quarterly cash dividend to $0.35 per share. The dividend will be paid on September 26, 2025, to shareholders of record as of the close of business on September 17, 2025. "The dividend increase is a reflection of the Board's confidence in our financial position," said Phil Gallagher, Avnet's Chief Executive Officer. "Avnet is generating strong operating cash flow, which enables us to return value to our shareholders while delivering on our long-term growth strategy." About Avnet As a leading global technology distributor and solutions provid
BofA Securities downgraded Avnet from Neutral to Underperform
Wells Fargo downgraded Avnet from Equal Weight to Underweight and set a new price target of $35.00 from $45.00 previously
JP Morgan initiated coverage of Avnet with a rating of Underweight and set a new price target of $46.00
4 - AVNET INC (0000008858) (Issuer)
4 - AVNET INC (0000008858) (Issuer)
4 - AVNET INC (0000008858) (Issuer)
8-K - AVNET INC (0000008858) (Filer)
8-K - AVNET INC (0000008858) (Filer)
8-K - AVNET INC (0000008858) (Filer)
The Avnet (NASDAQ:AVT) Board of Directors (BOD) voted to officially appoint Ken A. Jacobson as the Company's Chief Financial Officer (CFO) reporting to Avnet's Chief Executive Officer Phil Gallagher. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220906005185/en/New Avnet Chief Financial Officer Ken A. Jacobson (Photo: Business Wire) Jacobson, age 44, joined Avnet in 2013 as Vice President and Corporate Controller and served as Avnet's interim CFO in 2017-2018. As corporate controller, Jacobson had global leadership responsibility for the finance organizations within each of Avnet's business units, as well as management oversight
Former CFO of Micron and Lam Research Brings Extensive Experience in Operations, Finance and Technology to Velodyne Lidar's Board Velodyne Lidar, Inc. (NASDAQ:VLDR, VLDRW))), today announced that its Board of Directors has appointed Ernest E. Maddock to the Board, effective January 13, 2022. Mr. Maddock has been appointed as a Class III director and a member of the Board's Audit Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220117005549/en/(Photo: Business Wire) Mr. Maddock is an operations, technology and corporate finance executive with over 35 years of leadership experience, including 10 as a public company CFO. F
Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, announced that its Board of Directors has approved a 6% increase in the quarterly cash dividend to $0.35 per share. The dividend will be paid on September 26, 2025, to shareholders of record as of the close of business on September 17, 2025. "The dividend increase is a reflection of the Board's confidence in our financial position," said Phil Gallagher, Avnet's Chief Executive Officer. "Avnet is generating strong operating cash flow, which enables us to return value to our shareholders while delivering on our long-term growth strategy." About Avnet As a leading global technology distributor and solutions provid
Fourth quarter sales of $5.6 billion and diluted EPS of $0.07 Adjusted diluted EPS of $0.81 for the fourth quarter Farnell returns to year-over-year sales and operating income margin growth Avnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year 2025 ended June 28, 2025. "In fiscal year 2025, we executed well given the overall market environment, and I want to express my gratitude to our team for their dedication in supporting our supplier and customer partners. Thanks to their efforts, we managed costs effectively and made progress on working capital optimization to enhance operating cash flow," said Avnet Chief Executive Officer Phil Gallagher. "We
Earnings conference call and webcast to follow at 9:00 am PT / Noon ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the fourth quarter and fiscal year 2025 on August 6, 2025 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 9:00 a.m. PT / Noon ET to discuss the financial results and provide a corporate update. Avnet's Board has also scheduled the Annual Meeting of Shareholders for Friday, November 21, 2025 at 8:00 a.m. Phoenix, Arizona time. The meeting will be held at Avnet's Corporat
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