Company profile

Ticker
AVT
Exchange
Website
CEO
Bill Joseph Amelio
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
111890605

AVT stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

24 Jan 20
5 Apr 20
27 Jun 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 4.53B 4.63B 4.68B 4.7B
Net income 3.67M 41.75M -31.84M 88.05M
Diluted EPS 0.04 0.4 -0.26 0.81
Net profit margin 0.08% 0.90% -0.68% 1.87%
Operating income 46.48M 62.74M -30.04M 153.09M
Net change in cash -175.3M 118M -179.15M 243.09M
Cash on hand 488.81M 664.11M 546.11M 725.25M
Cost of revenue 4.01B 4.09B 4.09B 4.07B

Financial data from Avnet earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
1 Apr 20 Michael Ryan McCoy Common Stock Grant Aquire A 24.65 4,056 99.98K 13,197.519
18 Mar 20 William H Schumann Phantom Stock Units Common Stock Grant Aquire A 20.88 443 9.25K 44,430
18 Mar 20 Freeman Brenda Phantom Stock Units Common Stock Grant Aquire A 20.88 88 1.84K 8,841
18 Mar 20 Rodney C Adkins Phantom Stock Units Common Stock Grant Aquire A 20.88 46 960.48 4,613
97.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 331 321 +3.1%
Opened positions 60 40 +50.0%
Closed positions 50 46 +8.7%
Increased positions 100 88 +13.6%
Reduced positions 135 139 -2.9%
13F shares
Current Prev Q Change
Total value 4.17B 4.38B -4.9%
Total shares 97.31M 97.86M -0.6%
Total puts 166.4K 14.8K +1024.3%
Total calls 24.6K 111.5K -77.9%
Total put/call ratio 6.8 0.1 +4996.0%
Largest owners
Shares Value Change
Vanguard 10.98M $465.84M +0.7%
BLK BlackRock 10.6M $449.82M +6.3%
PZN Pzena Investment Management 9M $381.81M +27.0%
Dimensional Fund Advisors 3.72M $157.67M -1.5%
Aqr Capital Management 3.67M $155.58M +36.5%
STT State Street 3.55M $150.81M +1.2%
JHG Janus Henderson 3.03M $128.73M +81.7%
Lord, Abbett & Co. 2.35M $99.55M -10.1%
FMR 1.82M $77.43M -61.0%
LSV Asset Management 1.71M $72.65M -14.5%
Largest transactions
Shares Bought/sold Change
FMR 1.82M -2.85M -61.0%
PZN Pzena Investment Management 9M +1.91M +27.0%
Hotchkis & Wiley Capital Management 1.09M -1.47M -57.4%
JHG Janus Henderson 3.03M +1.36M +81.7%
Norges Bank 1.21M +1.21M NEW
Alliancebernstein 1.15M -1.04M -47.4%
Aqr Capital Management 3.67M +980.43K +36.5%
PUK Prudential 1.49M -891.5K -37.5%
Ensign Peak Advisors 804.5K +804.5K NEW
State Of Wisconsin Investment Board 19.18K -727.68K -97.4%

Financial report summary

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Competition
CogoNetwork EnginesSynnexTssIntcomex
Risks
  • Economic weakness and geopolitical uncertainty could adversely affect the Company’s results and prospects.
  • The Company experiences significant competitive pressure, which may negatively impact its results.
  • Changes in customer needs and consumption models could significantly affect the Company’s operating results.
  • The Company’s non-U.S. locations represent a significant portion of its sales and, consequently, the Company is exposed to risks associated with operating internationally that could adversely affect the Company’s operating results.
  • If the Company’s internal information systems fail to function properly, or if the Company is unsuccessful in the implementation, integration or upgrade of information systems, its business operations could suffer.
  • The Company’s acquisition strategy may not produce the expected benefits, which may adversely affect the Company’s results of operations.
  • Major disruptions to the Company’s logistics capability could have an adverse impact on the Company’s operations.
  • Declines in the value of the Company’s inventory or unexpected order cancellations by the Company’s customers could adversely affect its business, results of operations, financial condition and liquidity.
  • Substantial defaults by the Company’s customers or suppliers on its accounts receivable or the loss of significant customers could have a significant negative impact on the Company’s business, results of operations, financial condition or liquidity.
  • The Company may not have adequate or cost-effective liquidity or capital resources which could adversely affect the Company’s operations.
  • In order to be successful, the Company must attract, retain, train, motivate and develop key employees, and failure to do so could adversely impact the Company’s results and strategic initiatives.
  • The Company may become involved in legal proceedings that could cause it to incur substantial costs, divert management’s efforts or require it to pay substantial damages or licensing fees.
  • Changes in tax rules and regulations, changes in interpretation of tax rules and regulations, changes in business performance or unfavorable assessments from tax audits could adversely affect the Company’s effective tax rates, deferred taxes, financial condition and results of operations.
  • If the Company fails to maintain effective internal controls, it may not be able to report its financial results accurately or timely, or prevent or detect fraud, which could have an adverse effect on the Company’s business or the market price of the Company’s securities.
  • Failure to comply with the requirements of environmental regulations could adversely affect the Company’s business.
Management Discussion
  • The table below provides a comparison of reported and organic sales for fiscal 2019 to fiscal 2018 sales to allow readers to better assess and understand the Company’s sales performance by operating group on a more comparable basis.
  • Avnet’s sales for fiscal 2019 were $19.52 billion, an increase of $481.7 million, or 2.5%, from fiscal 2018 sales of $19.04 billion. Sales in constant currency increased 4.4% year over year with both operating groups in all three regions contributing to the increase.
  • EC sales in fiscal 2019 were $18.06 billion, representing a 2.9% increase over fiscal 2018 sales. Sales in constant currency increased 4.8% year over year and all three regions contributed to sales growth of 3.1%, 4.7%, and 5.7% in the Americas, EMEA and Asia, respectively. From a sales by product perspective, sales of IP&E products grew faster than semiconductors.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: began, half, hand, January, methodology
Removed: actuarial, computation, European, fluctuation, October, reclassified, recognition, UK