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Selected using techniques derived from the works of Benjamin Graham, these basic value stocks are trading below book value and pay dividends. Such equities are for those taking a long-term approach to investing without too much regard for the daily ups and downs.
We believe that broker-favorite stocks like Archer Daniels (ADM), Delek US (DK), Beazer Homes (BZH), AmerisourceBergen (ABC) and Avnet (AVT) are worth a look.
In August, we disclosed that Avnet and Benchmark Electronics were involved in an antitrust lawsuit that could lead to a court decision awarding up to $330 million in total damages. In the most recent quarter, Avnet reported a legal gain of $61.7 million related to this case, likely from settlements excluding their two largest targets.
Avnet's (AVT) second-quarter fiscal 2023 performance reflects a strong demand environment for the company's products and its continued investments in e-commerce and expanding customer relationships.
Avnet, Inc. (NASDAQ:AVT ) Q2 2023 Earnings Conference Call February 1, 2023 4:30 PM ET Company Participants Joe Burke - Vice President, Treasury & Investor Relations Phil Gallagher - Chief Executive Officer Ken Jacobson - Chief Financial Officer Conference Call Participants Melissa Fairbanks - Raymond James Ruplu Bhattacharya - Bank of America Matt Sheerin - Stifel Jim Suva - Citigroup William Stein - Truist Securities Joe Quatrochi - Wells Fargo Operator Welcome to the Avnet Second Quarter Fiscal Year 2023 Earnings Conference Call. I would now like to turn the floor over to Joe Burke; Vice President, Treasury and Investor Relations for Avnet.
Avnet (AVT) delivered earnings and revenue surprises of 9.29% and 3.63%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Avnet's (AVT) fiscal Q2 results are likely to witness growing demand for its electronic components. However, inflation and supply-chain challenges might have hurt sales & earnings growth.
Is Avnet (AVT) a great pick from the value investor's perspective right now? Read on to know more.
Here we discuss four dividend-paying tech stocks - NTAP, AVT, AVGO and TXN - that may help investors curb the downside risk of current high market volatility environment.
Electronic equipment stocks in the tech sector have generally been sour plays this year as higher rates and macro risks prevail. One mid-cap value company bucks the trend despite exposure to the broad global economy.