AVT Stock Summary and Trading Ideas (Avnet | NASDAQ:AVT)

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.

Avnet trades on the NASDAQ stock market under the symbol AVT.

As of March 3, 2025, AVT stock price declined to $49.17 with 806,680 million shares trading.

AVT has a beta of 1.09, meaning it tends to be more sensitive to market movements. AVT has a correlation of 0.44 to the broad based SPY ETF.

AVT has a market cap of $4.25 billion. This is considered a Mid Cap stock.

Last quarter Avnet reported $6 billion in Revenue and $.87 earnings per share. This beat revenue expectation by $103 million and missed earnings estimates by -$.01.

In the last 3 years, AVT traded as high as $59.24 and as low as $35.45.

The top ETF exchange traded funds that AVT belongs to (by Net Assets): COWZ, IJH, VTI, VB, AVUV.

AVT has underperformed the market in the last year with a return of +8.9%, while the SPY ETF gained +16.7%. In the last 3 month period, AVT fell short of the market, returning -8.7%, while SPY returned -2.2%. However, in the most recent 2 weeks AVT has outperformed the stock market by returning -4.0%, while SPY returned -4.3%.

AVT support price is $49.80 and resistance is $51.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVT shares will trade within this expected range on the day.