La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Avnet a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Avnet..

Avnet (NASDAQ:AVT) Azioni, Catena delle Opzioni

Avnet

Avnet, Inc.

NYSE

Avnet Inc is a global distributor of electronic components, connecting suppliers of semiconductors and other components to a base of 2.1 million small- and mid-sized customers in 140 countries. Avnet is the third largest semiconductor distributor in the world, and the largest for European chip distribution. Avnet services all levels of electronics design and development, servicing engineers with design tools, test kits, and services alongside its high-volume distribution for final designs.

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Truist Securities analyst William Stein maintains Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) with a Hold and raises the price target from $52 to $58.

News

Price Target

Analyst Ratings

Truist Securities Maintains Hold on Avnet, Raises Price Target to $58

WIIM

Avnet shares are trading higher after the company reported better-than-expected Q1 financial results.

Guidance

Avnet Sees Q2 Sales Of $5.40B-$5.70B Vs. $5.5B Estimate; Projects Diluted EPS Of $0.80-$0.90 Vs. $1.01 Estimate

Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) reported quarterly earnings of $0.92 per share which beat the analyst consensus estimate of $0.86 by 6.98 percent. The company reported quarterly sales of $5.604 which beat the analyst consensus estimate of $5.431 billion by 100.00 percent. This is a 100.00 percent decrease over sales of $6.336 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Avnet Q1 2025 Adj. EPS $0.92 Beats $0.86 Estimate, Sales $5.604B Beat $5.431B Estimate

<h3>Gainers</h3>
<ul>
<li>Mirion Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MIR#NYSE">MIR</a>) shares rose 8.8% to $15.31 during Tuesday's after-market session. The company's market cap stands at $3.5 billion. The company's, Q3 earnings came out today. </li>
<li>Oblong (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) stock rose 8.4% to $3.74. The market value of their outstanding shares is at $4.0 million. </li>
<li>8x8 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGHT#NASDAQ">EGHT</a>) stock increased by 4.76% to $2.2. The market value of their outstanding shares is at $282.3 million. </li>
<li>Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) shares increased by 4.64% to $56.99. The market value of their outstanding shares is at $5.0 billion. </li>
<li>Next Technology Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) shares moved upwards by 4.54% to $1.15. The company's market cap stands at $8.0 million. </li>
<li>Viasat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) stock moved upwards by 3.01% to $10.59. The company's market cap stands at $1.3 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) shares declined by 14.5% to $85.95 during Tuesday's after-market session. The company's market cap stands at $8.1 billion. The company's, Q2 earnings came out today. </li>
<li>Focus Universal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) shares fell 7.45% to $0.24. The market value of their outstanding shares is at $16.6 million. </li>
<li>First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) shares decreased by 6.69% to $186.33. The company's market cap stands at $19.9 billion. The company's, Q3 earnings came out today. </li>
<li>Abits Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABTS#NASDAQ">ABTS</a>) shares fell 5.18% to $0.55. The market value of their outstanding shares is at $19.5 million. </li>
<li>Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) stock fell 5.17% to $157.66. The company's market cap stands at $255.1 billion. As per the press release, Q3 earnings came out today. </li>
<li>Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) shares fell 4.99% to $55.85. The market value of their outstanding shares is at $6.2 billion. As per the news, the Q3 earnings report came out today. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Tuesday's After-Market Session

It was reported on August 29, that JAMES LAWRENCE, Board Member at Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) executed a significant insider sell, according to an SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000008858/000112760224023139//Archives/edgar/data/8858/000112760224023139/0001127602-24-023139-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, LAWRENCE sold 3,642 shares of Avnet. The total transaction value is $199,690.
Tracking the Friday's morning session, Avnet shares are trading at $55.04, showing a up of 0.46%.
<h3>Unveiling the Story Behind Avnet</h3>
Avnet Inc is a global distributor of electronic components, connecting suppliers of semiconductors and other components to a base of 2.1 million small- and mid-sized customers in 140 countries. Avnet is the third largest semiconductor distributor in the world, and the largest for European chip distribution. Avnet services all levels of electronics design and development, servicing engineers with design tools, test kits, and services alongside its high-volume distribution for final designs.
<h3>Breaking Down Avnet's Financial Performance</h3>
Negative Revenue Trend: Examining Avnet's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -15.13% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 11.56%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Avnet's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.92.
</li>
</ul>
Debt Management: Avnet's debt-to-equity ratio surpasses industry norms, standing at 0.63. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 10.09, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.21 is lower than the industry average, implying a discounted valuation for Avnet's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 7.24, Avnet presents an attractive value opportunity.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Exploring Key Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000008858">Check Out The Full List Of Avnet's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Board Member Of Avnet Makes $199K Sale

In a recent SEC filing, it was revealed that Virginia Henkels, Director at Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>), made a noteworthy insider purchase on August 19,.
What Happened: Henkels's recent purchase of 1,265 shares of Avnet, disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000008858/000112760224022507//Archives/edgar/data/8858/000112760224022507/0001127602-24-022507-index.htm">U.S. Securities and Exchange Commission</a> on Monday, reflects confidence in the company's potential. The total transaction value is $68,310.
During Tuesday's morning session, Avnet shares down by 0.0%, currently priced at $55.43.
<h3>Discovering Avnet: A Closer Look</h3>
Avnet Inc is a global distributor of electronic components, connecting suppliers of semiconductors and other components to a base of 2.1 million small- and mid-sized customers in 140 countries. Avnet is the third largest semiconductor distributor in the world, and the largest for European chip distribution. Avnet services all levels of electronics design and development, servicing engineers with design tools, test kits, and services alongside its high-volume distribution for final designs.
<h3>Financial Insights: Avnet</h3>
Revenue Growth: Avnet's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -15.13%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 11.56%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Avnet's EPS reflects a decline, falling below the industry average with a current EPS of 0.92.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 0.63, Avnet faces challenges in effectively managing its debt levels, indicating potential financial strain.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 10.21, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.21 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 7.29, Avnet presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000008858">Check Out The Full List Of Avnet's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Avnet Insider Trades SendAa Signal

Avnet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>), a leading global technology solutions provider, today announced that on August 15, 2024, its Board of Directors approved an increase in Avnet's share repurchase authorization, bringing the total amount available for share repurchases to $600 million.
The Board also approved a 6% increase in the regular quarterly cash dividend to $0.33 per share. The dividend will be paid on September 25, 2024, to shareholders of record as of the close of business on September 11, 2024.

Dividends

Buybacks

Avnet Expands Share Repurchase Authorization To $600M And Increases Dividend From $0.31 To $0.33 Per Share

Wells Fargo analyst Joseph Quatrochi maintains Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) with a Underweight and raises the price target from $40 to $45.

Wells Fargo Maintains Underweight on Avnet, Raises Price Target to $45

Truist Securities analyst William Stein maintains Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) with a Hold and raises the price target from $48 to $52.

Truist Securities Maintains Hold on Avnet, Raises Price Target to $52

Stifel analyst Matthew Sheerin maintains Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) with a Hold and raises the price target from $50 to $55.

Stifel Maintains Hold on Avnet, Raises Price Target to $55

Outlook for the First Quarter of Fiscal 2025 Ending on September 28, 2024
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Guidance Range</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Midpoint</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Sales</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$5.25B – $5.55B</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$5.40B</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Diluted EPS (1)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$0.80 – $0.90</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$0.85</td>
</tr>
</tbody>
</table>
</figure><figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="3" rowspan="1">_______________</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(1)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">A reconciliation of non-GAAP guidance to GAAP guidance is presented in the "Non-GAAP Financial Information" section of this press release.</td>
</tr>
</tbody>
</table>
</figure>
The above guidance implies a sequential sales change of flat to down approximately 5% and assumes sales declines in the western regions and sales growth in Asia.
The above guidance also excludes restructuring, integration and other expenses, foreign currency gains and losses, and certain income tax adjustments. The above guidance assumes similar interest expense to the fourth quarter of fiscal 2024 and an effective tax rate of between 21% and 25%. The above guidance assumes 90 million average diluted shares outstanding and average currency exchange rates as shown in the table below:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q1 Fiscal</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q4 Fiscal</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q1 Fiscal</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Guidance</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Euro to U.S. Dollar</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$1.08</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$1.08</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$1.09</td>
</tr>
<tr>
<td colspan="1" rowspan="1">GBP to U.S. Dollar</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$1.27</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$1.26</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$1.27</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Avnet Sees Q1 EPS $0.80-$0.90 Vs $0.97 Est.; Revenue $5.25B-$5.55B Vs $5.51B Est.

Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) reported quarterly earnings of $1.22 per share which beat the analyst consensus estimate of $0.95 by 28.42 percent. This is a 40.78 percent decrease over earnings of $2.06 per share from the same period last year. The company reported quarterly sales of $5.56 billion which beat the analyst consensus estimate of $5.37 billion by 3.59 percent. This is a 15.13 percent decrease over sales of $6.55 billion the same period last year.

Avnet Q4 Adj $1.22 Beats $0.95 Estimate, Sales $5.56B Beat $5.37B Estimate

A substantial insider sell was reported on May 30, by PHILIP GALLAGHER, Chief Executive Officer at Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>), based on the recent SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000008858/000112760224016993//Archives/edgar/data/8858/000112760224016993/0001127602-24-016993-index.htm">U.S. Securities and Exchange Commission</a> on Thursday outlined that GALLAGHER executed a sale of 30,000 shares of Avnet with a total value of $1,612,200.
At Friday morning, Avnet shares are down by 0.0%, trading at $54.58.
<h3>About Avnet</h3>
Avnet Inc is a global distributor of electronic components, connecting suppliers of semiconductors and other components to a base of 2.1 million small- and mid-sized customers in 140 countries. Avnet is the third largest semiconductor distributor in the world, and the largest for European chip distribution. Avnet services all levels of electronics design and development, servicing engineers with design tools, test kits, and services alongside its high-volume distribution for final designs.
<h3>Breaking Down Avnet's Financial Performance</h3>
Revenue Challenges: Avnet's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -13.22%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 11.84%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Avnet's EPS reflects a decline, falling below the industry average with a current EPS of 0.98.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 0.64, Avnet faces challenges in effectively managing its debt levels, indicating potential financial strain.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 8.8, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.2 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 6.83, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000008858">Check Out The Full List Of Avnet's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Decision: PHILIP GALLAGHER Offloads $1.61M Worth Of Avnet Stock

As of May 29, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to Benzinga Pro. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Ooma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OOMA#NYSE">OOMA</a>)</h3>
<ul>
<li>On May 28, Ooma reported better-than-expected first-quarter financial results and issued strong guidance for the second quarter. The company also issued FY25 adjusted EPS guidance above estimates. &#8220;Ooma made a solid start to fiscal 2025 by delivering $62.5 million in revenue and $3.6 million of non-GAAP net income for our first quarter,&#8221; said Eric Stang, chief executive officer of Ooma. The company's stock gained around 10% over the past month and has a <a href="https://www.benzinga.com/quote/OOMA">52-week high of $15.66</a>.</li>
<li>RSI Value: 70.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>OOMA Price Action: Shares of Ooma rose 3.8% to close at $7.90 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>)</h3>
<ul>
<li>On May 22, Analog Devices posted better-than-expected second-quarter financial results. Analog Devices posted adjusted earnings of $1.40 per share, beating market estimates of $1.26 per share. The company's stock gained around 14% over the past month and <a href="https://www.benzinga.com/quote/ADI">has a 52-week high</a> of $241.88.</li>
<li>RSI Value: 70.07</li>
<li>ADI Price Action: Shares of Analog Devices rose 0.4% to close at $233.44 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Avnet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>)</h3>
<ul>
<li>On May 1, the company reported adjusted earnings per share of $1.10, missing the street view of $1.11. Avnet reported quarterly sales of $5.654 billion, missing the analyst consensus of $5.707 billion. "In the third quarter, we delivered results that were in line with our expectations, amidst economic softness and lower demand in the markets we serve," said Avnet Chief Executive Officer Phil Gallagher. The company's stock gained around 10% over the past month and has a <a href="https://www.benzinga.com/quote/AVT">52-week high</a> of $55.46.</li>
<li>RSI Value: 70.63</li>
<li>AVT Price Action: Shares of Avnet fell 0.2% to close at $54.83 on Tuesday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/39055083/advance-auto-parts-ooma-and-3-stocks-to-watch-heading-into-wednesday">Advance Auto Parts, Ooma And 3 Stocks To Watch Heading Into Wednesday</a>

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Top 3 Tech Stocks That May Implode In May

This past week, eight companies in&nbsp;KeyBanc&nbsp;analyst John Vinh&#8217;s semi-coverage universe reported, from which he highlighted vital takeaways. The companies included&nbsp;Advanced Micro Devices, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>),&nbsp;Lattice Semiconductor Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>),&nbsp;Monolithic Power Systems, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>),&nbsp;NXP Semiconductors NV&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>),&nbsp;ON Semiconductor Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>),&nbsp;Qualcomm Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>),&nbsp;Qorvo, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>), and&nbsp;Skyworks Solutions, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>).
He noted analog cyclical semis show incremental signs of stabilization and bottoming, with booking trends improving and channel inventory further decreasing.
Distributors&nbsp;Arrow Electronics, Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARW#NYSE">ARW</a>) and&nbsp;Avnet, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) indicate that transportation in NA, A&amp;D in EUR, datacenter, and consumer in Asia showed signs of green shoots; however, guidance reflects incremental softness on more aggressive customer destocking trends.
Automotive is correcting, but&nbsp;with the exception of&nbsp;Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;is&nbsp;not as bad as feared, while&nbsp;industrial appears further through the destocking process with indications of green shoots.
AI data centers remain robust, and traditional demand is gradually recovering, evidenced by new CPU platform ramps.
In conjunction with&nbsp;Apple Inc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) results and outlook, iPhone demand is mainly in line, with China&#8217;s better-than-feared and emerging market strength offsetting softer mature markets in RoW.&nbsp;
Also See:&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38613198" rel="noreferrer noopener">Apple Delivered Much Better-Than-Feared &#8216;Jalen-Brunson-Like&#8217; Quarter, Says Bullish Analyst: Why Betting Against Cupertino Is A &#8216;Wrong Move&#8217;</a>
Additionally, high-end Android demand remains strong, while the mass market segment is weak.&nbsp;
Looking into this week, Vinh has five companies scheduled to report. The companies include&nbsp;Arm Holdings Plc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>),&nbsp;Cirrus Logic, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>),&nbsp;Indie Semiconductor, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDI#NASDAQ">INDI</a>),&nbsp;Microchip Technology Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), and&nbsp;Synaptics Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>).&nbsp;
He expects solid results for ARM and CRUS for the mobile and consumer supply chain.&nbsp;CRUS&#8217;s guidance could see modest risk due to high AAPL exposure, and ARM&nbsp;should&nbsp;benefit additionally&nbsp;from continuous share gains in cloud and AI licensing momentum and healthy demand for high-end handsets.&nbsp;
For SYNA, the analyst will seek in-line results and in-line slightly lower guidance, with lingering enterprise softness.&nbsp;
On analog, Vinh expects solid results and guidance for MCHP, similar to NXPI and&nbsp;Texas Instruments Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), with booking trends stabilizing and inventory normalizing further.&nbsp;
For Indie Semiconductor, Vinh projects in-line results and modest risks to guidance due to incremental auto weakness across both Internal Combustion Engine (ICE) Vehicle and Electric Vehicle (EV) (outside China).
Photo via Shutterstock

Analyst Color

Equities

Tech

AAPL

CRUS

INDI

LSCC

MCHP

MPWR

NXPI

QCOM

SWKS

SYNA

TSLA

Thanks To Apple, This Analyst Is Optimistic On ARM, Microchip Technology And More Ahead Of Earnings

Truist Securities analyst William Stein maintains Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) with a Hold and lowers the price target from $49 to $48.

Truist Securities Maintains Hold on Avnet, Lowers Price Target to $48

Avnet, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) shares&nbsp;traded&nbsp;lower Wednesday after the company&nbsp;<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">reported third-quarter results</a>.
The company reported adjusted earnings per share of $1.10,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the street view of $1.11</a>.
Avnet reported quarterly sales of $5.654 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38547638/avnet-reports-third-quarter-2024-financial-results" rel="noreferrer noopener">missing the analyst consensus of $5.707 billion</a>.
&#8220;In the third quarter, we delivered results that were in line with our&nbsp;expectations,&nbsp;amidst economic softness and lower demand in the markets we serve,&#8221; said Avnet Chief Executive Officer Phil Gallagher.
Avnet&nbsp;reported a quarterly operating income margin of 3.4%, compared with 4.8% in the&nbsp;prior year&nbsp;quarter.&nbsp;
Electronic Components operating margin of 4.1% fell 91 bps year over year. Electronic Components (EC) sales in the quarter slumped by 13.4% year over year, while Farnell sales fell 10.4%. 
In the third quarter, Americas sales fell 18.2% year over year, EMEA sales fell 14.2%, while Asia sales decreased 8.7%.
Avnet generated $415.7 million in cash flow from operations during nine months and returned $28 million in dividends to shareholders during the quarter.
&#8220;I am proud of our team&#8217;s effort to deliver robust cash flow from operations as the benefits from our&nbsp;countercyclical&nbsp;balance sheet started to take effect this quarter,&#8221; Gallagher added.
Outlook: Avnet expects fourth-quarter sales of $5.20 billion-$5.50 billion versus the estimate of $5.74 billion. The company projects fourth-quarter EPS of $0.90-$1.00.
Price Action:&nbsp;AVT shares are trading lower by 2.74% to $47.53 at last check Wednesday.

General

Avnet Shares Dip After Q3 Earnings Miss On Lower Electronic Components Margin

Avnet Expects Q4 Sales In The Range Of $5.20B – $5.50B Vs. $5.74B Estimate; Projects Q4 Diluted EPS Of $0.90 – $1.00

Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) reported quarterly earnings of $1.10 per share which missed the analyst consensus estimate of $1.11 by 0.9 percent. This is a 45 percent decrease over earnings of $2.00 per share from the same period last year. The company reported quarterly sales of $5.65 billion which missed the analyst consensus estimate of $5.71 billion by 0.98 percent. This is a 13.22 percent decrease over sales of $6.51 billion the same period last year.

Avnet Q3 Adj $1.10 Misses $1.11 Estimate, Sales $5.65B Miss $5.71B Estimate

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Avnet (AVT) Receives a Rating Update from a Top Analyst

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Avnet: Declining Demand And Escalating Competition Pose Challenges Ahead

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