|Bid||42.31 x 1300|
|Ask||42.34 x 1400|
|Day's Range||41.77 - 42.40|
|52 Week Range||33.55 - 49.41|
|Beta (3Y Monthly)||1.60|
|PE Ratio (TTM)||26.50|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||0.84 (2.04%)|
|1y Target Est||43.13|
Leading global technology solutions provider Avnet (Nasdaq: AVT) has secured Foreign-Trade Zone authorization from the United States Bureau of Customs and Border Protection (CBP) for its McKemy Distribution Center in Chandler, Ariz. The designation reduces tariff recovery fees for its international customers as well as for domestic customers shipping abroad. Foreign-Trade Zone authorization also increases the company’s global logistics efficiency and improves its cash flow.
It's the first FTZ designation for Avnet and is at the company’s largest warehouse in the Americas, located in the East Valley. Meanwhile, two startup vehicle manufacturers are applying for FTZ status in Pinal County.
Avnet Inc. said Monday it was increasing its dividend by 5% and adding $500 million to its stock repurchase program. The electronic components company's new quarterly dividend of 21 cents a share, up from 20 cents a share, will be payable Sept. 25 to shareholders of record on Sept. 11. Based on Friday's stock closing price of $40.99, the new annual dividend rate implies a dividend yield of 2.05%, compared with the implied yield for the S&P 500 of 2.02%. The company said it now has $675 million available to buy back stock, which based on Friday's closing prices would represent about 16% of the shares outstanding. The stock has lost 5.5% over the past three months, while the S&P 500 has gained 1.0%.
Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that on August 14, 2019, its Board of Directors approved an increase in Avnet’s current share repurchase authorization by $500 million. Avnet now has $675 million available for share repurchases when combined with prior authorizations. In addition, Avnet’s Board of Directors approved a 5% increase in the quarterly cash dividend to $.21 per share.
Leeds, England-based Premier Farnell, Avnet’s largest acquisition to date, saw its business hit hard by market declines during the latest period amid concerns over Brexit and the China-U.S. trade war.
Weakness in the components industry due to macroeconomic headwinds affects Avnet's (AVT) fiscal fourth-quarter results. However, cost saving efforts are a positive.
Avnet (AVT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Avnet, a leading global technology solutions provider, has invested $2.1M in DefendryTM, a surveillance platform that helps prevent active shooter incidents. Defendry is powered by proprietary artificial intelligence (AI) designed to identify and stop physical threats before they enter a building. Defendry was created by serial-tech entrepreneur Pat Sullivan and research scientist Dr. Sean Huver, who saw a way to use advanced technology to reduce the number of tragic shootings in the U.S.
Avnet (Nasdaq: AVT) today announced that Hackster.io and element14 continue to achieve impressive growth, and have achieved two milestones: Hackster has surpassed one million members and element14 celebrated its 10th anniversary. Together Hackster and element14 comprise the world’s largest collaborative network of engineers, entrepreneurs and developers who learn by engaging each other on ideas, new products, discussion groups and other useful online resources. “While product development can be complex, time consuming and highly competitive, the collaboration and strong partnerships found in our communities can help anyone navigate the path to production,” said Bill Amelio, Chief Executive Officer, Avnet.
Avnet , a leading global technology solutions provider, today announced the promotion of Max Chan to Chief Information Officer , reporting to MaryAnn Miller, Chief Administrative Officer.
Security has become the biggest challenge for IoT development, with 8 out of 10 developers identifying it as their biggest hurdle. To help developers create highly secure, end-to-end IoT solutions, leading global technology solutions provider Avnet (Nasdaq: AVT) is giving away 20,000 free Azure Sphere starter kits. Additionally, developers will have access to a series of resources including webinars, lectures, road tests and design contests hosted by Avnet -- as part of Avnet’s ongoing relationship with Microsoft’s Azure Sphere Ecosystem.
The top 25 most-profitable public companies in Arizona put up hefty profits on their balance sheets during 2018, according to Business Journal research.
Avnet (Nasdaq: AVT), a leading global technology solutions provider, today named Pete Bartolotta to President, Business Transformation, reporting to CEO Bill Amelio. Bartolotta has held the position of Chief Transformation Officer since joining Avnet in 2016. As President of Business Transformation, Bartolotta is responsible for scaling Avnet’s high-growth solutions, including Internet of Things (IoT), Artificial Intelligence (AI), global design services and Avnet Integrated, to expand opportunities with existing and new types of customers around the world.
In a recent Bloomberg’s interview, Atlantic Investment Management’s Alexander Roepers discussed his market expectations, which he already shared in a report published a month ago. Namely, the word is about rotation to value stocks, which he anticipated three years ago as well. When asked about why he thinks the rotation is now more imminent than […]