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Avnet ( (AVT) ) has shared an update.
On September 5, 2025, Avnet issued $650 million in 1.75% Convertible Senior Notes due 2030, with net proceeds of approximately $632.8 million. The company used $100 million to repurchase shares and plans to use the remainder to repay its revolving credit facility. This move is part of Avnet’s strategy to manage its capital structure and enhance shareholder value, potentially impacting its financial flexibility and market positioning.
The most recent analyst rating on (AVT) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Avnet stock, see the AVT Stock Forecast page.
Spark’s Take on AVT Stock
According to Spark, TipRanks’ AI Analyst, AVT is a Neutral.
Avnet’s overall stock score of 67 reflects a stable but challenged financial performance, reasonable valuation, and positive earnings call sentiment. The company’s strong performance in Asia and effective cost management are significant positives, but inconsistent revenue growth and margin pressures pose challenges. Technical indicators suggest a neutral outlook, with no strong momentum in either direction.
To see Spark’s full report on AVT stock, click here.
More about Avnet
Avnet is a leading global technology distributor and solutions provider, supporting customers and suppliers at every stage of the product lifecycle. With a century-long history, Avnet helps companies adapt to change and accelerate the design and supply stages of product development, solving complex design and supply chain issues.
Average Trading Volume: 835,874
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.47B
See more data about AVT stock on TipRanks’ Stock Analysis page.