Ford, Envista Holdings, and Alaska Air are among additions to GS’ Long Duration list
Seeking Alpha News (Thu, 28-Mar 1:49 PM ET)
Ford, Envista Holdings, and Alaska Air are among additions to GS’ Short Duration list
Seeking Alpha News (Thu, 28-Mar 1:49 PM ET)
Avnet to Participate in the Raymond James Institutional Investors Conference on March 4
Business Wire (Tue, 20-Feb 9:00 AM ET)
Avnet Declares Regular Quarterly Dividend
Business Wire (Fri, 16-Feb 9:00 AM ET)
Avnet Reports Second Quarter 2024 Financial Results
Business Wire (Wed, 31-Jan 8:00 AM ET)
Avnet to Report Second Quarter Fiscal Year 2024 Earnings on January 31
Business Wire (Wed, 17-Jan 4:05 PM ET)
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 28, 2024, AVT stock price climbed to $49.58 with 383,845 million shares trading.
AVT has a beta of 0.72, meaning it tends to be less sensitive to market movements. AVT has a correlation of 0.15 to the broad based SPY ETF.
AVT has a market cap of $4.54 billion. This is considered a Mid Cap stock.
Last quarter Avnet reported $6 billion in Revenue and $1.40 earnings per share. This beat revenue expectation by $45 million and met earnings estimates .
In the last 3 years, AVT stock traded as high as $51.65 and as low as $35.45.
The top ETF exchange traded funds that AVT belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.
AVT has underperformed the market in the last year with a return of +17.4%, while the SPY ETF gained +33.6%. In the last 3 month period, AVT fell short of the market, returning -1.7%, while SPY returned +10.1%. However, in the most recent 2 weeks AVT has outperformed the stock market by returning +2.4%, while SPY returned +1.7%.
AVT support price is $48.67 and resistance is $50.27 (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 stock will trade within this expected range on the day.