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AVT - Avnet Inc.8:00:00 PM 4/23/2024
Price
$48.47
+ 1.09 (2.30%)
Avnet, Inc. is a distributor of electronic components headquartered in Phoenix, Arizona, named after Charles Avnet, who founded the company in 1921. After its start on Manhattan's Radio Row, the company became incorporated in 1955 and began trading on the New York Stock Exchange in 1961. On May 8, 2018 Avnet changed stock markets to Nasdaq, trading under the same ticker, $AVT. In 1921, Charles Avnet, a 33-year-old Russian-Jewish immigrant, began buying surplus radio parts and selling them to the public on the Radio Rows of United States port cities. As radio manufacturing grew, parts distribution took off. In the mid-1920s, when factory-made radios began to replace radio parts, he adjusted his distribution pipeline and began selling parts to manufacturers and dealers. In the mid-1920s, Avnet diversified by branching out into car radio kits and automobile assembly kits. During the Great Depression, he shifted the focus from retailing to wholesaling.
Financials
Quarterly financials
(USD)Dec 2022Q/Q
Revenue6.7B-0%
Gross Profit784.1MM+2%
Cost Of Revenue5.9B-1%
Operating Income299MM+3%
Operating Expenses485.1MM-
Net Income243.9MM+32%
G&A485.1MM+2%
Amortization1.5MM-46%
Interest Expense59MM+31%
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Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

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