Avnet shares rise as investors continue to digest strong earnings, upbeat outlook

Avnet (AVT) is up 7.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to continued momentum after Avnet posted very strong fiscal fourth-quarter results, gave an upbeat start-of-year outlook, and then raised its dividend later in August. There does not appear to be a single fresh company announcement driving the jump today, so part of the rally could be investors extending the recent rerating around stronger demand and improving profit expectations.

Details:

Avnet reported record fiscal fourth-quarter sales of $8.3 billion, with nearly 50% year-over-year growth and margin expansion in both its Electronic Components and Farnell businesses.

Management guided for fiscal first-quarter 2027 revenue of about $9.0 billion to $9.3 billion and adjusted earnings per share of $2.80 to $2.90, signaling another strong quarter ahead.

The board approved a 5.7% increase in the quarterly cash dividend to $0.37 per share in late August, reinforcing confidence in cash generation and the balance sheet.

Recent research commentary highlighted rising earnings estimates, value appeal, and ongoing demand tied to AI infrastructure, which could be supporting buying interest even without a new filing or press release today.

Sources:

Avnet Investor Relations, SEC, Morningstar, Zacks

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$AVT Insider Trading Activity

$AVT insiders have traded $AVT stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $AVT stock by insiders over the last 6 months:

PHILIP R GALLAGHER (Chief Executive Officer) has made 0 purchases and 3 sales selling 75,820 shares for an estimated $7,093,520.
MICHAEL RYAN MCCOY (SVP, General Counsel) sold 32,052 shares for an estimated $2,919,937
KENNETH A JACOBSON (Chief Financial Officer) sold 12,000 shares for an estimated $1,023,120

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$AVT Hedge Fund Activity

We have seen 287 institutional investors add shares of $AVT stock to their portfolio, and 215 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PZENA INVESTMENT MANAGEMENT LLC removed 2,571,835 shares (-45.2%) from their portfolio in Q2 2026, for an estimated $228,430,384
ALLIANCEBERNSTEIN L.P. removed 2,003,352 shares (-90.9%) from their portfolio in Q2 2026, for an estimated $177,937,724
BLACKROCK, INC. added 1,036,746 shares (+11.2%) to their portfolio in Q2 2026, for an estimated $92,083,779
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 941,254 shares (+inf%) to their portfolio in Q2 2026, for an estimated $83,602,180
LIND VALUE II APS removed 921,812 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $56,802,055
MILLENNIUM MANAGEMENT LLC added 803,277 shares (+7076.7%) to their portfolio in Q2 2026, for an estimated $71,347,063
LOS ANGELES CAPITAL MANAGEMENT LLC added 717,580 shares (+2912.3%) to their portfolio in Q2 2026, for an estimated $63,735,455

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$AVT Government Contracts

We have seen $1,299,764 of award payments to $AVT over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

VXWORKS SOFTWARE RENEWAL: $144,000
TO RENEW VXWORKS: $43,709

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$AVT Analyst Ratings

Wall Street analysts have issued reports on $AVT in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Wells Fargo issued a "Underweight" rating on 04/30/2026

To track analyst ratings and price targets for $AVT, check out Quiver Quantitative's $AVT forecast page.

$AVT Price Targets

Multiple analysts have issued price targets for $AVT recently. We have seen 3 analysts offer price targets for $AVT in the last 6 months, with a median target of $95.0.

Here are some recent targets:

Ruplu Bhattacharya from B of A Securities set a target price of $96.0 on 05/13/2026
William Stein from Truist Securities set a target price of $95.0 on 04/30/2026
Joseph Quatrochi from Wells Fargo set a target price of $70.0 on 04/30/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.