EMC Capital Management Has $479,000 Stock Holdings in Avnet, Inc. (NASDAQ:AVT)

EMC Capital Management boosted its stake in shares of Avnet, Inc. (NASDAQ:AVT) by 62.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,149 shares of the company’s stock after purchasing an additional 3,526 shares during the period. EMC Capital Management’s holdings in Avnet were worth $479,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AVT. Hsbc Holdings PLC boosted its stake in shares of Avnet by 4.2% during the 2nd quarter. Hsbc Holdings PLC now owns 5,448 shares of the company’s stock worth $280,000 after acquiring an additional 219 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Avnet by 5.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,538 shares of the company’s stock worth $246,000 after purchasing an additional 222 shares during the last quarter. Highland Capital Management LLC boosted its stake in Avnet by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 4,234 shares of the company’s stock valued at $222,000 after purchasing an additional 261 shares during the period. GAMMA Investing LLC grew its holdings in Avnet by 20.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,836 shares of the company’s stock valued at $100,000 after buying an additional 309 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in Avnet by 0.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 53,232 shares of the company’s stock worth $2,890,000 after buying an additional 455 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Avnet Stock Up 0.2 %

AVT opened at $52.51 on Thursday. The business has a 50 day moving average of $53.45 and a 200-day moving average of $53.47. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 1.01 and a beta of 1.14. The company has a current ratio of 2.25, a quick ratio of 1.07 and a debt-to-equity ratio of 0.48. Avnet, Inc. has a 1-year low of $43.62 and a 1-year high of $59.24.

Avnet (NASDAQ:AVT) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). Avnet had a net margin of 1.51% and a return on equity of 8.46%. As a group, sell-side analysts anticipate that Avnet, Inc. will post 4.1 earnings per share for the current year.

Avnet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Wednesday, December 4th. Avnet’s payout ratio is 34.56%.

Avnet 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.