Avnet traded at $59.73 this Friday March 13th, decreasing $0.51 or 0.85 percent since the previous trading session. Looking back, over the last four weeks, Avnet lost 8.18 percent. Over the last 12 months, its price rose by 24.98 percent. Looking ahead, we forecast Avnet to be priced at 57.93 by the end of this quarter and at 52.83 in one year, according to Trading Economics global macro models projections and analysts expectations.
Avnet, Inc. is a global technology solution company that markets, sells, and distributes electronic components from electronic component manufacturers, including semiconductors, interconnect, passive and electromechanical components, and other integrated and embedded components. The Company’s primary operating groups include Electronic Components (EC) and Farnell. EC serves a variety of markets ranging from automotive to medical to defense and aerospace. EC also offers an array of customer support options throughout the entire product lifecycle, including turnkey and customized design, supply chain, new product introduction, programming, logistics and post-sales services. The Farnell operating group primarily supports lower-volume customers and distributes a range of portfolios, including kits, tools, electronic components, industrial automation components, and test and measurement products to both engineers and entrepreneurs, primarily through an e-commerce channel.