Avnet, Inc. (NASDAQ:AVT) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. raised its position in Avnet, Inc. (NASDAQ:AVT) by 5.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,538 shares of the company’s stock after purchasing an additional 222 shares during the period. Coldstream Capital Management Inc.’s holdings in Avnet were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. FMR LLC raised its position in Avnet by 24.7% in the 3rd quarter. FMR LLC now owns 576,794 shares of the company’s stock valued at $31,326,000 after purchasing an additional 114,217 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Avnet by 8.3% in the second quarter. Envestnet Asset Management Inc. now owns 159,985 shares of the company’s stock valued at $8,238,000 after buying an additional 12,238 shares during the last quarter. Kendall Capital Management boosted its stake in shares of Avnet by 21.2% during the second quarter. Kendall Capital Management now owns 118,843 shares of the company’s stock worth $6,119,000 after buying an additional 20,810 shares during the period. Federated Hermes Inc. grew its holdings in shares of Avnet by 46.8% during the second quarter. Federated Hermes Inc. now owns 40,231 shares of the company’s stock worth $2,071,000 after buying an additional 12,832 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its position in Avnet by 2,607.9% in the 2nd quarter. Great Lakes Advisors LLC now owns 163,449 shares of the company’s stock valued at $8,416,000 after acquiring an additional 157,413 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Avnet Stock Down 0.0 %

AVT opened at $54.15 on Tuesday. Avnet, Inc. has a 52 week low of $43.62 and a 52 week high of $59.24. The business has a 50 day moving average price of $54.56 and a two-hundred day moving average price of $53.40. The company has a quick ratio of 1.07, a current ratio of 2.25 and a debt-to-equity ratio of 0.48. The company has a market cap of $4.71 billion, a PE ratio of 14.18, a P/E/G ratio of 1.01 and a beta of 1.14.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.86 by $0.06. Avnet had a return on equity of 8.46% and a net margin of 1.51%. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.43 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. As a group, research analysts anticipate that Avnet, Inc. will post 4.09 EPS for the current year.

Avnet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Wednesday, December 4th. Avnet’s payout ratio is 34.55%.

Avnet Profile

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.