Squarepoint Ops LLC Buys 146,825 Shares of Avnet, Inc. (NASDAQ:AVT)

22 May 2025, 06:49 by Jessica Moore · The Cerbat Gem

Squarepoint Ops LLC increased its position in Avnet, Inc. (NASDAQ:AVT – Free Report) by 72.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 348,304 shares of the company’s stock after buying an additional 146,825 shares during the quarter. Squarepoint Ops LLC owned 0.40% of Avnet worth $18,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Two Sigma Advisers LP increased its stake in shares of Avnet by 38.9% in the fourth quarter. Two Sigma Advisers LP now owns 10,000 shares of the company’s stock valued at $523,000 after buying an additional 2,800 shares during the period. Tidal Investments LLC increased its position in Avnet by 2.8% during the 4th quarter. Tidal Investments LLC now owns 13,930 shares of the company’s stock valued at $729,000 after purchasing an additional 383 shares during the period. Sherbrooke Park Advisers LLC increased its position in Avnet by 18.9% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 23,649 shares of the company’s stock valued at $1,237,000 after purchasing an additional 3,757 shares during the period. Redwood Investment Management LLC acquired a new stake in Avnet during the 4th quarter valued at approximately $3,665,000. Finally, Quantinno Capital Management LP increased its position in Avnet by 21.4% during the 4th quarter. Quantinno Capital Management LP now owns 116,847 shares of the company’s stock valued at $6,113,000 after purchasing an additional 20,629 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling

In related news, VP Elizabeth Mcmullen sold 4,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $52.80, for a total value of $211,200.00. Following the transaction, the vice president now directly owns 14,626 shares in the company, valued at $772,252.80. This trade represents a 21.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by company insiders.

Avnet Stock Performance

Shares of AVT stock opened at $50.04 on Thursday. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 1.13 and a beta of 0.98. Avnet, Inc. has a 52 week low of $39.22 and a 52 week high of $59.24. The company has a quick ratio of 1.15, a current ratio of 2.39 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average of $48.29 and a 200-day moving average of $51.04.

Avnet (NASDAQ:AVT – Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.72 by $0.12. The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.25 billion. Avnet had a net margin of 1.41% and a return on equity of 7.49%. The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. On average, equities analysts forecast that Avnet, Inc. will post 3.41 earnings per share for the current year.

Avnet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, June 4th. Avnet’s dividend payout ratio is currently 36.97%.

Wall Street Analyst Weigh In

AVT has been the subject of a number of recent analyst reports. Truist Financial decreased their target price on shares of Avnet from $52.00 to $50.00 and set a “hold” rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company decreased their target price on shares of Avnet from $45.00 to $43.00 and set an “underweight” rating for the company in a research report on Thursday, May 1st. Finally, Bank of America downgraded shares of Avnet from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $58.00 to $48.00 in a research report on Thursday, January 30th.

Read Our Latest Analysis on AVT

About Avnet

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