(AVT) Avnet - Ratings and Ratios

Avnet, Inc. (NASDAQ:AVT) is a global distributor of electronic component technologies, operating through two primary segments: Electronic Components and Farnell. The Electronic Components segment specializes in the distribution of semiconductors, interconnect, passive, and electromechanical components, as well as integrated solutions. It provides design chain support, including technical design solutions, engineering resources, and supply chain solutions for manufacturers and service providers. This segment also offers embedded solutions, such as integration and assembly of embedded products, and develops standard board and industrial subsystems tailored to specific customer needs. It serves diverse markets, including automotive, medical, defense, aerospace, telecommunications, industrial, and digital editing.

The Farnell segment focuses on distributing electronic and industrial automation components, test and measurement products, kits, and tools to engineers and entrepreneurs. With operations spanning the Americas, Europe, the Middle East, Africa, and Asia, Avnet has established a global presence. Founded in 1921 and headquartered in Phoenix, Arizona, the company has a long-standing history in the technology distribution sector. For more information, visit their website at https://www.avnet.com.

Based on the provided data, the 3-month forecast for Avnet, Inc. (NASDAQ:AVT) suggests moderate growth potential. The stock is currently trading above its 20-day and 50-day moving averages, indicating short-term bullish momentum. However, the 200-day moving average of 51.51 suggests a potential resistance level near the current price of 51.94. The ATR of 1.84 indicates moderate volatility, which could lead to price fluctuations within a narrow range. Fundamental analysis shows a forward P/E of 6.77, signaling expectations of earnings growth, while the P/B ratio of 0.80 may indicate undervaluation relative to book value.