Is Avnet Stock a Good Investment?
Avnet Investment Advice | AVT |
- Examine Avnet's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Avnet's leadership team and their track record. Good management can help Avnet navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electronic Equipment, Instruments & Components space and any emerging trends that could impact Avnet's business and its evolving consumer preferences.
- Compare Avnet's performance and market position to its competitors. Analyze how Avnet is positioned in terms of product offerings, innovation, and market share.
- Check if Avnet pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Avnet's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Avnet Inc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Avnet Inc is a good investment.
Sell | Buy |
Buy
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Avnet Stock
Researching Avnet's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.95. Some equities with similar Price to Book (P/B) outperform the market in the long run. Avnet Inc has Price/Earnings To Growth (PEG) ratio of 2.53. The entity last dividend was issued on the 4th of December 2024. The firm had 2:1 split on the 29th of September 2000.
To determine if Avnet is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Avnet's research are outlined below:
| Avnet Inc generated a negative expected return over the last 90 days | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from investing.com: Avnet shareholders approve board nominees and executive pay |
Avnet Quarterly Good Will |
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Avnet uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Avnet Inc. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Avnet's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 21st of August 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of June 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Avnet's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Avnet's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2002-10-24 | 2002-09-30 | -0.01 | -0.0041 | 0.0059 | 59 | ||
2003-04-24 | 2003-03-31 | 0.07 | 0.08 | 0.01 | 14 | ||
2003-01-23 | 2002-12-31 | 0.05 | 0.06 | 0.01 | 20 | ||
2004-01-29 | 2003-12-31 | 0.18 | 0.21 | 0.03 | 16 | ||
2005-10-27 | 2005-09-30 | 0.33 | 0.29 | -0.04 | 12 | ||
2001-10-25 | 2001-09-30 | -0.2 | -0.16 | 0.04 | 20 | ||
2020-04-27 | 2020-03-31 | 0.32 | 0.38 | 0.06 | 18 | ||
2006-01-25 | 2005-12-31 | 0.42 | 0.48 | 0.06 | 14 |
Know Avnet's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Avnet is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Avnet Inc backward and forwards among themselves. Avnet's institutional investor refers to the entity that pools money to purchase Avnet's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2024-09-30 | 1.6 M | Alliancebernstein L.p. | 2024-06-30 | 1.6 M | Earnest Partners Llc | 2024-06-30 | 1.5 M | Bank Of New York Mellon Corp | 2024-06-30 | 1.1 M | Norges Bank | 2024-06-30 | 1 M | Bank Of America Corp | 2024-06-30 | 1 M | Amvescap Plc. | 2024-06-30 | 1 M | Allianz Asset Management Ag | 2024-06-30 | 1 M | First Trust Advisors L.p. | 2024-06-30 | 979.1 K | Vanguard Group Inc | 2024-09-30 | 11 M | Blackrock Inc | 2024-06-30 | 10.7 M |
Avnet's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 4.77 B.Market Cap |
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Avnet's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.04 | (0.02) | |
| Return On Capital Employed | 0.12 | 0.03 | |
| Return On Assets | 0.04 | (0.02) | |
| Return On Equity | 0.10 | (0.03) |
Determining Avnet's profitability involves analyzing its financial statements and using various financial metrics to determine if Avnet is a good buy. For example, gross profit margin measures Avnet's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Avnet's profitability and make more informed investment decisions.
Avnet's Earnings Breakdown by Geography
Please note, the imprecision that can be found in Avnet's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Avnet Inc. Check Avnet's Beneish M Score to see the likelihood of Avnet's management manipulating its earnings.
Evaluate Avnet's management efficiency
Avnet Inc has Return on Asset of 0.0408 % which means that on every $100 spent on assets, it made $0.0408 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0707 %, implying that it generated $0.0707 on every 100 dollars invested. Avnet's management efficiency ratios could be used to measure how well Avnet manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.02 in 2024. Return On Capital Employed is likely to drop to 0.03 in 2024. At this time, Avnet's Non Current Liabilities Total is comparatively stable compared to the past year. Non Current Liabilities Other is likely to gain to about 308.2 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 2.4 B in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 54.39 | 39.07 | |
| Tangible Book Value Per Share | 45.76 | 29.06 | |
| Enterprise Value Over EBITDA | 7.09 | 13.07 | |
| Price Book Value Ratio | 0.95 | 1.10 | |
| Enterprise Value Multiple | 7.09 | 13.07 | |
| Price Fair Value | 0.95 | 1.10 | |
| Enterprise Value | 991 M | 837.7 M |
The leadership approach at Avnet's fosters a culture of excellence and accountability. Our analysis examines how this culture influences financial outcomes and stock valuation.
Dividend Yield 0.0232 | Forward Dividend Yield 0.0232 | Forward Dividend Rate 1.28 | Beta 1.174 |
Basic technical analysis of Avnet Stock
As of the 28th of November, Avnet shows the Downside Deviation of 1.79, mean deviation of 1.16, and Risk Adjusted Performance of 0.0146. Avnet Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Avnet's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Avnet insiders, such as employees or executives, is commonly permitted as long as it does not rely on Avnet's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Avnet insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Avnet's Outstanding Corporate Bonds
Avnet issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Avnet Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Avnet bonds can be classified according to their maturity, which is the date when Avnet Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| AVNET INC 4625 Corp BondUS053807AS28 | View | |
| AVT 55 01 JUN 32 Corp BondUS053807AV56 | View | |
| AVT 3 15 MAY 31 Corp BondUS053807AU73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View |
Understand Avnet's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Avnet's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0146 | |||
| Market Risk Adjusted Performance | 0.0174 | |||
| Mean Deviation | 1.16 | |||
| Semi Deviation | 1.73 | |||
| Downside Deviation | 1.79 | |||
| Coefficient Of Variation | 8539.07 | |||
| Standard Deviation | 1.77 | |||
| Variance | 3.13 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0074 | |||
| Maximum Drawdown | 11.96 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.86 | |||
| Downside Variance | 3.21 | |||
| Semi Variance | 3.0 | |||
| Expected Short fall | (1.26) | |||
| Skewness | (0.16) | |||
| Kurtosis | 4.27 |
| Risk Adjusted Performance | 0.0146 | |||
| Market Risk Adjusted Performance | 0.0174 | |||
| Mean Deviation | 1.16 | |||
| Semi Deviation | 1.73 | |||
| Downside Deviation | 1.79 | |||
| Coefficient Of Variation | 8539.07 | |||
| Standard Deviation | 1.77 | |||
| Variance | 3.13 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0074 | |||
| Maximum Drawdown | 11.96 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.86 | |||
| Downside Variance | 3.21 | |||
| Semi Variance | 3.0 | |||
| Expected Short fall | (1.26) | |||
| Skewness | (0.16) | |||
| Kurtosis | 4.27 |
Consider Avnet's intraday indicators
Avnet intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Avnet stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Avnet Corporate Filings
8K | 25th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
10Q | 1st of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
13A | 24th of October 2024 An amended filing to the original Schedule 13G | ViewVerify |
F3 | 22nd of October 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
Avnet Stock media impact
Far too much social signal, news, headlines, and media speculation about Avnet that are available to investors today. That information is available publicly through Avnet media outlets and privately through word of mouth or via Avnet internal channels. However, regardless of the origin, that massive amount of Avnet data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Avnet news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Avnet relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Avnet's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Avnet alpha.
Avnet Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Avnet can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Avnet Inc Historical Investor Sentiment
Investor biases related to Avnet's public news can be used to forecast risks associated with an investment in Avnet. The trend in average sentiment can be used to explain how an investor holding Avnet can time the market purely based on public headlines and social activities around Avnet Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Avnet's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Avnet and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Avnet news discussions. The higher the estimate score, the more favorable the investor's outlook on Avnet.
Avnet Corporate Management
| Philip Gallagher | Sr. VP and Member of Executive Board | Profile | |
| Michael McCoy | General VP | Profile | |
| Ken Arnold | Chief VP | Profile | |
| Joseph Burke | Vice Relations | Profile | |
| Rebeca ObregonJimenez | Senior Management | Profile | |
| Darrel Jackson | Corporate Secretary | Profile | |
| David Youngblood | Chief Officer | Profile |
Already Invested in Avnet Inc?
The danger of trading Avnet Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Avnet is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Avnet. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Avnet Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additional Tools for Avnet Stock Analysis
When running Avnet's price analysis, check to measure Avnet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avnet is operating at the current time. Most of Avnet's value examination focuses on studying past and present price action to predict the probability of Avnet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avnet's price. Additionally, you may evaluate how the addition of Avnet to your portfolios can decrease your overall portfolio volatility.