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Avnet Inc (AVT.N)

AVT.N on New York Stock Exchange

44.40USD
24 Mar 2017
Change (% chg)

$0.05 (+0.11%)
Prev Close
$44.35
Open
$44.51
Day's High
$44.85
Day's Low
$44.09
Volume
321,162
Avg. Vol
286,235
52-wk High
$51.17
52-wk Low
$38.16

Latest Key Developments (Source: Significant Developments)

Avnet expands share repurchase program by $500 mln; raises dividend by 5.9 pct
Tuesday, 28 Feb 2017 07:00am EST 

Avnet Inc : Avnet expands share repurchase program by $500 million; increases dividend by 5.9% . Avnet Inc says board of directors approved a 5.9% increase in quarterly cash dividend to $0.18 per share .Avnet Inc - now has $675 million available for share repurchases when combined with prior authorizations.  Full Article

TECH DATA EXPECTS ACQUISITION OF AVNET’S TECHNOLOGY SOLUTIONS BUSINESS TO CLOSE BY END OF FEB
Friday, 17 Feb 2017 12:00pm EST 

Tech Data Corp : TECH DATA CORPORATION ANNOUNCES EXPECTED CLOSING DATE FOR ACQUISITION OF AVNET’S TECHNOLOGY SOLUTIONS BUSINESS .SUBJECT TO RECEIPT OF FINAL REGULATORY APPROVALS, PARTICULARLY EUROPEAN COMMISSION, ACQUISITION COULD CLOSE BY END OF FEBRUARY 2017.  Full Article

Avnet, IBM Advance IoT Solutions with joint development lab
Thursday, 16 Feb 2017 09:00am EST 

Avnet Inc :Avnet Inc - Avnet and IBM Advance IoT Solutions with joint development lab.  Full Article

Avnet posts Q2 adj. earnings $0.77/shr from continuing operations
Thursday, 26 Jan 2017 07:00am EST 

Avnet Inc : Avnet reports second quarter fiscal year 2017 results . Q2 adjusted earnings per share $0.77 from continuing operations . Q2 earnings per share $0.79 . Q2 earnings per share view $0.75 -- Thomson Reuters I/B/E/S . Sees Q3 2017 adjusted earnings per share $0.80 to $0.90 . Sees Q3 2017 sales $4.3 billion to $4.6 billion .Q3 earnings per share view $0.86, revenue view $4.49 billion -- Thomson Reuters I/B/E/S.  Full Article

Avnet acquires Hackster Inc
Monday, 14 Nov 2016 07:00am EST 

Avnet Inc - : Acquired a majority interest in Hackster .Avnet acquires Hackster Inc..  Full Article

Avnet expands distribution agreement with Western Digital into China to help meet growing data challenges
Tuesday, 1 Nov 2016 11:00am EDT 

Avnet Inc : Avnet inc - to offer hgst-branded products and solutions in china, products will be available through Avnet global computing components business unit .Avnet expands distribution agreement with Western Digital into China to help meet growing data challenges.  Full Article

Premier Farnell says European Commission clears Avnet deal
Friday, 7 Oct 2016 06:23am EDT 

Premier Farnell Plc :European Commission yesterday adopted a decision declaring acquisition to be compatible with common market.  Full Article

Avnet says Premier Farnell deal cleared in Israel
Friday, 23 Sep 2016 11:59am EDT 

Avnet Inc :Announces Israeli Acting Antitrust Commissioner has approved acquisition by Bidco of Premier Farnell.  Full Article

Avnet says its receivables purchase agreement amended
Friday, 19 Aug 2016 06:02am EDT 

Avnet Inc : Says entered into amendment No. 9 to second amended and restated receivables purchase agreement - SEC filing . Amendment decreases amount of receivables in which co may sell undivided interest, on revolving basis, from $900 million to $800 million .Amendment extends expiration date of accounts receivable program to august 19, 2018.  Full Article

Avnet reports Q4 earnings per share $0.75
Wednesday, 10 Aug 2016 07:00am EDT 

Avnet Inc : Avnet reports fourth quarter and fiscal year 2016 results . Q4 earnings per share $0.75 . Sees Q1 2017 adjusted earnings per share $0.84 to $0.94 . Sees Q1 2017 EM sales are expected to be in range of $3.9 billion to $4.2 billion . Sees Q1 2017 TS sales are expected to be in range of $1.9 billion to $2.2 billion . Q1 2017 earnings per share view $0.86, revenue view $6.14 billion -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share $0.86 . Q4 sales $6.2 billion versus I/B/E/S view $6.21 billion . Sees Q1 2017 sales $5.8 billion to $6.4 billion .Q4 earnings per share view $0.88 -- Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Avnet expands share repurchase program by $500 mln; raises dividend by 5.9 pct

* Avnet expands share repurchase program by $500 million; increases dividend by 5.9%