Morningstar Rating

Stock Research and Analysis

by Peter Wahlstrom, CFA

Bulls Say

Avnet’s scale and high-margin businesses allow it to invest in growing its value-added business.
Avnet has exhibited strong working capital management historically; working capital days hover around 50 and help generate solid returns.
The distribution model generates very strong cash flow throughout the industry cycle, even when volumes slip. Read more 

Bears Say

Avnet’s PC business may continue to weigh down corporate margins.
Broadline distributors are aggressively expanding into value-added services and will increase competition for Avnet.
Roughly half of Avnet's sales come from semiconductors, which is a highly cyclical business that will experience dramatic volatility amid a computer chip downturn. Read more 


Avnet's stewardship of shareholder capital has been Standard. The firm's management is a veteran group led by CEO Richard Hamada. He previously held the title of president and COO and assumed the role of CEO in July 2011 after 28 years with Avnet. Hamada's   Read more 


Avnet is a global distributor of electronic components, computer products and software, and customized services and solutions. With about 330 locations worldwide, Avnet   Read more 

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