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Avnet Inc AVT Stock Quote

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Morningstar‘s Stock Analysis AVT

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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INVESTOR

5-Star Price

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Economic Moat

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Capital Allocation

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Avnet’s Efficiency and Profitability Lag Peers; Lacks a Moat

Business Strategy and Outlook

| William Kerwin |

Avnet is one of the largest global electronic components distributors in the world, but we think the company lags peers in efficiency, and self-inflicted miscues have weighed on profitability over the last five years. Still, we think Avnet’s value proposition is compelling--it uses expertise in sales, marketing, and working capital management to connect suppliers to a long tail of small customers, while servicing customers with a large selection of chips and other components, increasing profits for both ends of the supply chain in the process. Additionally, we think Avnet has given itself numerous inroads into new customers by expanding into all parts of the product development lifecycle with acquisitions ranging from idea generation and prototyping to high-volume production.

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Key Statistics AVT

Company Profile AVT

Business Description

Avnet 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.

Contact
2211 South 47th Street
Phoenix, AZ, 85034
T +1 480 643-2000
Industry Electronics & Computer Distribution
Most Recent Earnings Jun 30, 2022
Fiscal Year End Jul 2, 2023
Employees 15,300