Nisa Investment Advisors LLC Acquires 7,800 Shares of Avnet, Inc. (NASDAQ:AVT)

Nisa Investment Advisors LLC grew its stake in Avnet, Inc. (NASDAQ:AVT) by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,221 shares of the company’s stock after acquiring an additional 7,800 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Avnet worth $2,837,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. increased its position in shares of Avnet by 8.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 159,985 shares of the company’s stock worth $8,238,000 after purchasing an additional 12,238 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Avnet by 4.2% during the second quarter. Hsbc Holdings PLC now owns 5,448 shares of the company’s stock worth $280,000 after buying an additional 219 shares during the last quarter. Bank of Montreal Can raised its position in Avnet by 8.1% during the second quarter. Bank of Montreal Can now owns 38,114 shares of the company’s stock worth $2,017,000 after acquiring an additional 2,847 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Avnet by 146.5% in the second quarter. Squarepoint Ops LLC now owns 231,715 shares of the company’s stock valued at $11,931,000 after acquiring an additional 137,720 shares during the last quarter. Finally, Dark Forest Capital Management LP increased its stake in shares of Avnet by 12.3% during the 2nd quarter. Dark Forest Capital Management LP now owns 5,737 shares of the company’s stock worth $295,000 after purchasing an additional 627 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Avnet Stock Down 0.3 %

Shares of AVT stock opened at $54.10 on Friday. Avnet, Inc. has a 52-week low of $43.62 and a 52-week high of $59.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.07 and a current ratio of 2.25. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 1.01 and a beta of 1.14. The firm’s 50-day moving average is $53.44 and its 200-day moving average is $53.47.

Avnet (NASDAQ:AVT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Avnet had a return on equity of 8.46% and a net margin of 1.51%. The business’s revenue was down 11.5% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. Sell-side analysts predict that Avnet, Inc. will post 4.1 EPS for the current year.

Avnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.32 annualized dividend and a dividend yield of 2.44%. Avnet’s dividend payout ratio is currently 34.56%.

Avnet Company Profile

Avnet, Inc, distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers.