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 |
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
Avnet, Inc. (NASDAQ:AVT), a leading global technology solutions provider, today announced that on August 15, 2024, its Board of Directors approved an increase in Avnet's share repurchase authorization, bringing the total amount available for share repurchases to $600 million. The Board also approved a 6% increase in the regular quarterly cash dividend to $0.33 per share. The dividend will be paid on September 25, 2024, to shareholders of record as of the close of business on September 11, 2024. "The Board's actions underscore our commitment to providing consistent and dependable shareholder returns," said Phil Gallagher, Avnet's Chief Executive Officer. "Since the start of fiscal year 2
Avnet (NASDAQ:AVT) has appointed Virginia "Ginnie" Henkels and Helmut Gassel to its Board of Directors, effective immediately. Both will initially serve on Avnet's Audit Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240815910843/en/Ginnie Henkels joins Avnet Board of Directors (Photo: Business Wire) Ms. Henkels brings an extensive background in finance and accounting leadership. She served as Chief Financial Officer of Empowerment & Inclusion Capital I Corp., from 2020 to 2023. She previously served as CFO at Swift Transportation for nine years (2008 to 2017) and held various finance and accounting positions througho
Fourth quarter sales of $5.6 billion and diluted EPS of $0.91 Adjusted diluted EPS of $1.22 Electronic Components operating margin of 4.1% Avnet, Inc. (NASDAQ:AVT) today announced results for its fourth quarter and fiscal year 2024 ended June 29, 2024. "We are pleased with our fiscal 2024 performance as we executed well, despite some challenging market conditions," said Avnet Chief Executive Officer Phil Gallagher. "I want to thank our team for their focus on supporting our supplier and customer partners, growing market share, controlling costs, and managing working capital to drive operating cash flow. Their efforts enabled us to exceed the upper end of our fourth quarter sales and
10-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, today announced that on August 15, 2024, its Board of Directors approved an increase in Avnet's share repurchase authorization, bringing the total amount available for share repurchases to $600 million. The Board also approved a 6% increase in the regular quarterly cash dividend to $0.33 per share. The dividend will be paid on September 25, 2024, to shareholders of record as of the close of business on September 11, 2024. "The Board's actions underscore our commitment to providing consistent and dependable shareholder returns," said Phil Gallagher, Avnet's Chief Executive Officer. "Since the start of fiscal year 2
Fourth quarter sales of $5.6 billion and diluted EPS of $0.91 Adjusted diluted EPS of $1.22 Electronic Components operating margin of 4.1% Avnet, Inc. (NASDAQ:AVT) today announced results for its fourth quarter and fiscal year 2024 ended June 29, 2024. "We are pleased with our fiscal 2024 performance as we executed well, despite some challenging market conditions," said Avnet Chief Executive Officer Phil Gallagher. "I want to thank our team for their focus on supporting our supplier and customer partners, growing market share, controlling costs, and managing working capital to drive operating cash flow. Their efforts enabled us to exceed the upper end of our fourth quarter sales and
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 2024 on August 8, 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. Avnet's Board has also scheduled the Annual Meeting of Shareholders for Friday, November 22, 2024 at 8:00 a.m. Phoenix, Arizona time. The meeting will be held at Avnet's Corporat
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.
4 - AVNET INC (0000008858) (Issuer)
3 - AVNET INC (0000008858) (Issuer)
4 - AVNET INC (0000008858) (Issuer)
SC 13G/A - AVNET INC (0000008858) (Subject)
SC 13G - AVNET INC (0000008858) (Subject)
SC 13G - AVNET INC (0000008858) (Subject)