AvnetAVT
Market Cap: $4.47B
About: Avnet Inc is a global distributor of electronic components, connecting suppliers of semiconductors and other components to a base of 2.1 million small- and mid-sized customers in 140 countries. Avnet is the third largest semiconductor distributor in the world, and the largest for European chip distribution. Avnet services all levels of electronics design and development, servicing engineers with design tools, test kits, and services alongside its high-volume distribution for final designs.
Employees: 15,462
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
113% more call options, than puts
Call options by funds: $9.21M | Put options by funds: $4.33M
100% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 4 (+2) [Q2]
22% more repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 118
12% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 41
1% more funds holding
Funds holding: 350 [Q1] → 355 (+5) [Q2]
4% more capital invested
Capital invested by funds: $4.38B [Q1] → $4.57B (+$184M) [Q2]
0.35% more ownership
Funds ownership: 97.25% [Q1] → 97.6% (+0.35%) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Wells Fargo Joseph Quatrochi 36% 1-year accuracy 4 / 11 met price target | 11%downside $45 | Underweight Maintained | 9 Aug 2024 |
Truist Securities William Stein 64% 1-year accuracy 28 / 44 met price target | 2%upside $52 | Hold Maintained | 9 Aug 2024 |
Stifel Matthew Sheerin 36% 1-year accuracy 8 / 22 met price target | 8%upside $55 | Hold Maintained | 9 Aug 2024 |
Financial journalist opinion
Based on 7 articles about AVT published over the past 30 days