As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for an entire century. It supports customers at each stage of a product’s lifecycle, from idea to design and from prototype to production. Its unique position at the center of the technology value chain enables it to accelerate the design and supplies stages of product development so customers can realize revenue faster. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology.
Company profile
Ticker
AVT
Exchange
Website
CEO
William Amelio
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Alpha 3 Manufacturing Ltd • AVID Technologies, Inc. • Avnet (Asia Pacific Holdings) Limited • Avnet (Holdings) Ltd • Avnet (Shanghai) Limited • Avnet Asia Pte Ltd • Avnet ASIC Israel Ltd • Avnet B.V. • Avnet Bidco Limited • Avnet Business Services GmbH ...
IRS number
111890605
AVT stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Other Events
8 Mar 23
424B2
Prospectus for primary offering
7 Mar 23
FWP
Free writing prospectus
6 Mar 23
424B2
Prospectus for primary offering
6 Mar 23
10-Q
2023 Q2
Quarterly report
2 Feb 23
8-K
Avnet Reports Second Quarter Fiscal 2023 Financial Results
1 Feb 23
8-K
Entry into a Material Definitive Agreement
20 Dec 22
8-K
Submission of Matters to a Vote of Security Holders
18 Nov 22
10-Q
2023 Q1
Quarterly report
27 Oct 22
8-K
Avnet Reports First Quarter Fiscal 2023 Financial Results
26 Oct 22
Transcripts
AVT
Earnings call transcript
2023 Q2
1 Feb 23
AVT
Earnings call transcript
2023 Q1
27 Oct 22
AVT
Earnings call transcript
2022 Q4
10 Aug 22
AVT
Earnings call transcript
2022 Q3
28 Apr 22
AVT
Earnings call transcript
2022 Q2
27 Jan 22
AVT
Earnings call transcript
2022 Q1
29 Oct 21
AVT
Earnings call transcript
2021 Q4
12 Aug 21
AVT
Earnings call transcript
2021 Q3
29 Apr 21
AVT
Earnings call transcript
2021 Q2
28 Jan 21
AVT
Earnings call transcript
2021 Q1
28 Oct 20
Latest ownership filings
4
Rodney C Adkins
16 Mar 23
4
OLEG KHAYKIN
16 Mar 23
4
ERNEST E MADDOCK
16 Mar 23
4
Brenda Freeman
16 Mar 23
SC 13G
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
SC 13G/A
VANGUARD GROUP INC
9 Feb 23
SC 13G/A
BlackRock Inc.
24 Jan 23
SC 13G/A
PZENA INVESTMENT MANAGEMENT LLC
20 Jan 23
4
Rebeca Obregon-Jimenez
9 Jan 23
4
Elizabeth McMullen
6 Jan 23
Financial summary
| Quarter (USD) | Dec 22 | Oct 22 | Jul 22 | Apr 22 | |
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| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Jul 22 | Jul 21 | Jun 20 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 324.78 mm | 324.78 mm | 324.78 mm | 324.78 mm | 324.78 mm | 324.78 mm |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 107.12 mm | 76.88 mm |
| Cash used (since last report) | n/a | n/a | n/a | n/a | 304.46 mm | 218.52 mm |
| Cash remaining | n/a | n/a | n/a | n/a | 20.32 mm | 106.25 mm |
| Runway (months of cash) | n/a | n/a | n/a | n/a | 0.2 | 1.4 |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 339 |
| Opened positions | 49 |
| Closed positions | 35 |
| Increased positions | 108 |
| Reduced positions | 135 |
| 13F shares | Current |
|---|---|
| Total value | 3.63 tn |
| Total shares | 87.84 mm |
| Total puts | 358.10 k |
| Total calls | 144.10 k |
| Total put/call ratio | 2.5 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 10.22 mm | $425.13 bn |
| Pzena Investment Management | 9.28 mm | $385.97 bn |
| BLK Blackrock | 8.73 mm | $362.86 bn |
| Dimensional Fund Advisors | 5.93 mm | $247.11 bn |
| STT State Street | 3.49 mm | $145.03 bn |
| American Century Companies | 3.07 mm | $127.53 bn |
| LSV Asset Management | 3.00 mm | $124.91 bn |
| First Trust Advisors | 2.46 mm | $102.44 bn |
| Alliancebernstein | 2.12 mm | $88.13 bn |
| Fuller & Thaler Asset Management | 1.67 mm | $69.44 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Mar 23 | Freeman Brenda | Phantom Stock Units Common Stock | Grant | Acquire A | No | No | 41.91 | 156 | 6.54 k | 22,730 |
| 15 Mar 23 | Maddock Ernest E | Phantom Stock Units Common Stock | Grant | Acquire A | No | No | 41.91 | 30 | 1.26 k | 4,364 |
| 15 Mar 23 | Oleg Khaykin | Phantom Stock Units Common Stock | Grant | Acquire A | No | No | 41.91 | 235 | 9.85 k | 34,219 |
| 15 Mar 23 | Rodney C Adkins | Phantom Stock Units Common Stock | Grant | Acquire A | No | No | 41.91 | 35 | 1.47 k | 4,996 |
| 6 Jan 23 | Obregon-Jimenez Rebeca | Common Stock | Payment of exercise | Dispose F | No | No | 41.53 | 1,096 | 45.52 k | 12,128 |
News
Overview Of Value Stocks In The Technology Sector
21 Mar 23
A Look Into Technology Sector Value Stocks
7 Mar 23
5 Value Stocks In The Technology Sector
28 Feb 23
Wells Fargo Maintains Underweight on Avnet, Raises Price Target to $38
2 Feb 23
JP Morgan Maintains Underweight on Avnet, Raises Price Target to $47
2 Feb 23
Press releases
Vicor Corporation Announces Global Distribution Agreement with Avnet
22 Feb 23
Ouster and Velodyne Achieve Guidance and Announce Combined Company Board of Directors in Anticipation of Closing of Merger of Equals
1 Feb 23
Avnet Reports Second Quarter Fiscal 2023 Financial Results
1 Feb 23
Avnet to Report Second Quarter Fiscal Year 2023 Earnings on February 1
18 Jan 23