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 $57.00 from $52.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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), a leading global technology solutions provider, today announced that its Board of Directors approved a regular quarterly cash dividend of $0.33 per share. The dividend will be paid on December 18, 2024, to shareholders of record as of the close of business on December 4, 2024. About Avnet As a leading global technology distributor and solutions provider, Avnet has served customers' evolving needs for an entire century. We support customers at each stage of a product's lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product d
First quarter sales of $5.6 billion and diluted EPS of $0.66 Adjusted diluted EPS of $0.92 Cash flow from operations of $838 million over past four quarters Avnet, Inc. (Nasdaq: AVT) today announced results for its first quarter ended September 28, 2024. "In the first quarter, our sales and earnings exceeded the upper end of our guidance range led by a return to growth in our Asia region. We continue to focus on improving the performance of our Farnell business and remain committed to improving its operating model and profitability," said Avnet Chief Executive Officer Phil Gallagher. "Despite uneven market conditions, our team continues to operate effectively, and I want to thank them f
Youngblood joins Avnet's executive leadership team to drive distributor's digital strategy Avnet (NASDAQ:AVT) has hired Dave Youngblood as Chief Digital Officer, effective October 21, 2024. In this newly created role, Mr. Youngblood will lead and further enable Avnet's enterprise-wide digital platform and eCommerce approach. Reporting to Chief Executive Officer, Phil Gallagher, he will also be joining Avnet's executive leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241017614290/en/Dave Youngblood joins Avnet as the Chief Digital Officer. (Photo: Business Wire) Avnet's digital strategy focuses on simplifying tran
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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
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Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that its Board of Directors approved a regular quarterly cash dividend of $0.33 per share. The dividend will be paid on December 18, 2024, to shareholders of record as of the close of business on December 4, 2024. About Avnet As a leading global technology distributor and solutions provider, Avnet has served customers' evolving needs for an entire century. We support customers at each stage of a product's lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product d
First quarter sales of $5.6 billion and diluted EPS of $0.66 Adjusted diluted EPS of $0.92 Cash flow from operations of $838 million over past four quarters Avnet, Inc. (Nasdaq: AVT) today announced results for its first quarter ended September 28, 2024. "In the first quarter, our sales and earnings exceeded the upper end of our guidance range led by a return to growth in our Asia region. We continue to focus on improving the performance of our Farnell business and remain committed to improving its operating model and profitability," said Avnet Chief Executive Officer Phil Gallagher. "Despite uneven market conditions, our team continues to operate effectively, and I want to thank them f
Conference call and webcast to follow at 9:00 a.m. PT / Noon ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the first quarter fiscal year 2025 on October 30, 2024 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. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live webcast along with slides can be accessed via Avnet's Investor Relations web
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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
Raymond James reiterated coverage of Avnet with a rating of Strong Buy and set a new price target of $57.00 from $52.00 previously
As of May 29, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Ooma, Inc. (NYSE:OOMA) On May 28, Ooma reported better-than-expected first-quarte
This past week, eight companies in KeyBanc analyst John Vinh’s semi-coverage universe reported, from which he highlighted vital takeaways. The companies included Advanced Micro Devices, Inc (NASDAQ:AMD), Lattice Semiconductor Corp (NASDAQ:LSCC), Monolithic Power Systems, Inc (NASDAQ:MPWR), NXP Semiconductors NV (NASDAQ:NXPI), ON Semiconductor Corp (NASDAQ:ON), Qualcomm Inc (NASDAQ:QCOM), Qorvo, Inc (NASDAQ:QRVO), and Skyworks Solutions, Inc (NASDAQ:SWKS). He noted analog cyclical semis show incremental signs of stabilization and bottoming, with booking trends improving and channel inventory further decreasing. Distributors Arrow Electronics, Inc (NYSE:ARW) and Avnet, Inc (NASDAQ:AVT) i
Truist Securities analyst William Stein maintains Avnet (NASDAQ:AVT) with a Hold and lowers the price target from $49 to $48.