(RTTNews) - Avnet, Inc. (AVT), an electronic components distributor, on Wednesday reported a surge in earnings and sales for the first quarter of fiscal 2027, due to stronger demand.

Avnet Q1 Results Surge On Stronger Demand 

In recent trading, shares of Avnet Inc (Symbol: AVT) have crossed above the average analyst 12-month target price of $106.20, changing hands for $106.94/share.  When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation

Avnet Reaches Analyst Target Price

Super Micro Computer's AI-driven growth remains strong, but margin pressure contrasts with Avnet's broader exposure and improving operating leverage.

SMCI vs. AVT: Which AI Infrastructure Stock is a Better Buy?

Avnet, Inc., engages in the distribution of electronic component technology in the Americas, Europe, the Middle East, Africa, and Asia/Pacific. The company operates through two segments, Electronic Components and Farnell. It markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated and embedded components from electronic component manufacturers. The company also offers design support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical education and training; and supply chain solutions which provides support, warehousing, and logistics services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, it provides embedded solutions, such as technical design, integration, and assembly of embedded products, systems, and solutions, as well as embedded display solutions comprising touch and passive displays; and develops and produces standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. The company serves various markets, such as engineering, product prototyping, integration, and other value-added services in the medical, telecommunications, industrial, and digital editing. Further, it distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. The company was founded in 1921 and is headquartered in Phoenix, Arizona.

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