Avnet Inc. (AVT) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Avnet Inc. is listed on the NASDAQ in the Technology sector while operating in the Electronics & Computer Distribution industry. The current market capitalization of Avnet Inc. is $4.86B. A total of 0.58 million shares were traded on the day, compared to an average of 628.99K shares.

In the most recent transaction, Arnold Ken E. sold 8,000 shares of AVT for 54.34 per share on Jun 12 ’24. After the transaction, the SVP, Chief People Officer now owns 40,239 company shares. In a previous transaction on May 29 ’24, GALLAGHER PHILIP R sold 30,000 shares at 53.74 per share. AVT shares that Chief Executive Officer owns now total 139,709.

Among the insiders who sold shares, Bozotti Carlo disposed of 9,000 shares on May 22 ’24 at a per-share price of $54.40. This resulted in the Director holding 11,578 shares of AVT after the transaction. In another insider transaction, GALLAGHER PHILIP R sold 19,532 shares at $51.63 per share on May 10 ’24. Company shares held by the Chief Executive Officer now total 140,792.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Avnet Inc. pays an annual dividend of $1.24, resulting in a dividend yield of 2.31%, and it has a price to earnings (P/E) ratio of 8.70. AVT’s most recent ex-dividend date was 6/5/2024 when it declared a $0.31 quarterly dividend that was paid in cash on 6/18/2024. Previously, the company paid the dividend on 3/20/2024 with an ex-dividend date of 3/5/2024. The AVT stock dividend was $0.31 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, AVT has a high of $55.46 and a low of $42.67.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. AVT’s latest balance sheet shows that the firm has $153.69M in Cash & Short Term Investments as of fiscal 2022. There were $1.87B in debt and $4.25B in liabilities at the time. Its Book Value Per Share was $55.19, while its Total Shareholder’s Equity was $4.19B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AVT is Buy with a score of 2.67.

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