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LSV Asset Management lowered its stake in shares of Avnet, Inc. (NASDAQ:AVT – Free Report) by 2.5% in the fourth quarter, Holdings Channel reports. The firm owned 2,999,918 shares of the company’s stock after selling 77,550 shares during the period. LSV Asset Management’s holdings in Avnet were worth $151,196,000 as of its most recent filing […]
Avnet (NASDAQ:AVT – Get Free Report) announced its earnings results on Wednesday. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01), Briefing.com reports. The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.71 billion. Avnet had a return on […]
Avnet (NASDAQ:AVT – Get Free Report) had its target price lowered by stock analysts at Truist Financial from $49.00 to $48.00 in a report released on Thursday, Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential downside of 2.85% from the stock’s current price. Separately, […]
Avnet (NASDAQ:AVT – Get Free Report) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.90-1.00 for the period, compared to the consensus estimate of $1.12. The company issued revenue guidance of $5.20-5.50 billion, compared to the consensus revenue estimate of $5.74 billion. […]
The trial of two German-Russian dual nationals accused of illegally delivering electronic components to Russia for use in the construction of military drones started on Friday in the south-western German city of Stuttgart. In the opening hearing in Stuttgart's Higher Regional Court, a federal prosecutor said the Orlan 10 drones the pair allegedly indirectly helped to build were of "utmost importance" to the Russian war effort in Ukraine. The prosecution accused the main defendant, a 59-year-old