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Avnet (AVT)

As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for an entire century. It supports customers at each stage of a product’s lifecycle, from idea to design and from prototype to production. Its unique position at the center of the technology value chain enables it to accelerate the design and supplies stages of product development so customers can realize revenue faster. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology.

Company profile

Ticker
AVT
Exchange
Website
CEO
William Amelio
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Alpha 3 Manufacturing Ltd • AVID Technologies, Inc. • Avnet (Asia Pacific Holdings) Limited • Avnet (Holdings) Ltd • Avnet (Shanghai) Limited • Avnet Asia Pte Ltd • Avnet ASIC Israel Ltd • Avnet B.V. • Avnet Bidco Limited • Avnet Business Services GmbH ...
IRS number
111890605

AVT stock data

Analyst ratings and price targets

Last 3 months

Calendar

12 Aug 22
18 Aug 22
2 Jul 23
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jul 22 Jul 21 Jun 20 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 153.69M 153.69M 153.69M 153.69M 153.69M 153.69M
Cash burn (monthly) 15.25M 3.83M (no burn) (no burn) 66.63M 18.28M
Cash used (since last report) 23.94M 6.02M n/a n/a 104.58M 28.69M
Cash remaining 129.75M 147.68M n/a n/a 49.11M 125.01M
Runway (months of cash) 8.5 38.5 n/a n/a 0.7 6.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Aug 22 Liguori Thomas Common Stock Sell Dispose S No No 43.918 24,221 1.06M 54,287
16 Aug 22 Liguori Thomas Common Stock Sell Dispose S No No 44.725 20,161 901.7K 78,508
16 Aug 22 Liguori Thomas Common Stock Option exercise Acquire M No No 29.85 20,161 601.81K 98,669
16 Aug 22 Liguori Thomas Employee Stock Option Common Stock Option exercise Dispose M No No 29.85 20,161 601.81K 60,483
1 Jul 22 Oleg Khaykin Phantom Stock Units Common Stock Grant Acquire A No No 0 715 0 27,647
22 Jun 22 Freeman Brenda Phantom Stock Units Common Stock Grant Acquire A No No 42.27 110 4.65K 17,972
22 Jun 22 Oleg Khaykin Phantom Stock Units Common Stock Grant Acquire A No No 42.27 165 6.97K 26,932
94.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 346 321 +7.8%
Opened positions 66 48 +37.5%
Closed positions 41 36 +13.9%
Increased positions 128 109 +17.4%
Reduced positions 102 115 -11.3%
13F shares Current Prev Q Change
Total value 3.97B 3.83B +3.7%
Total shares 92.04M 93.55M -1.6%
Total puts 359.8K 94.1K +282.4%
Total calls 187K 127.2K +47.0%
Total put/call ratio 1.9 0.7 +160.1%
Largest owners Shares Value Change
Vanguard 10.82M $464.14M +0.1%
PZN Pzena Investment Management 10.74M $460.56M -10.8%
BLK Blackrock 9.28M $397.92M -1.2%
Dimensional Fund Advisors 5.06M $216.92M +8.3%
STT State Street 3.48M $149.06M -9.9%
American Century Companies 2.62M $112.45M -18.1%
Alliancebernstein 2.24M $95.95M -18.9%
First Trust Advisors 2.15M $92.36M -6.1%
Victory Capital Management 2.06M $88.44M -27.4%
Fuller & Thaler Asset Management 1.99M $85.45M +5.7%
Largest transactions Shares Bought/sold Change
PZN Pzena Investment Management 10.74M -1.3M -10.8%
Victory Capital Management 2.06M -779.13K -27.4%
GS Goldman Sachs 1.2M +583.56K +95.2%
American Century Companies 2.62M -579.57K -18.1%
Russell Investments 1.38M -561.13K -28.9%
MS Morgan Stanley 1.03M +535.94K +108.1%
Alliancebernstein 2.24M -519.83K -18.9%
Marshall Wace 428.92K +428.92K NEW
Los Angeles Capital Management & Equity Research 663.61K +405.82K +157.4%
Dimensional Fund Advisors 5.06M +388.46K +8.3%

Financial report summary

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Competition
BSquareTD SynnexTSS
Management Discussion
  • In February 2022, Russian forces invaded Ukraine (“Russian-Ukraine conflict”), and in response, the member countries of NATO initiated a variety of sanctions and export controls targeting Russia and associated entities. The sanctions currently in place limit the Company’s ability to provide goods to Russian customers and banking sanctions significantly negate our ability to collect outstanding receivables; as such, the Company has recorded an allowance for credit losses against those receivables that are not covered by customer credit insurance as of July 2, 2022. Historically, the Company’s sales and gross profit generated from sales to Russian customers is less than 1% of consolidated sales and consolidated gross profit. See further discussion of the impacts of the Russian-Ukraine conflict on the Company’s results of operations in fiscal 2022 below.

Content analysis

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Positive
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Uncertain
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