James Investment Research Inc. lifted its holdings in shares of Avnet (NYSE:AVT) by 80.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 226,971 shares of the technology company’s stock after purchasing an additional 101,154 shares during the quarter. James Investment Research Inc. owned about 0.20% of Avnet worth $8,194,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in AVT. FMR LLC increased its position in shares of Avnet by 17.4% in the third quarter. FMR LLC now owns 3,402,524 shares of the technology company’s stock worth $152,331,000 after acquiring an additional 505,237 shares in the last quarter. LSV Asset Management grew its holdings in shares of Avnet by 28.8% in the third quarter. LSV Asset Management now owns 1,827,175 shares of the technology company’s stock valued at $81,802,000 after acquiring an additional 408,507 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Avnet by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 11,420,607 shares of the technology company’s stock worth $511,300,000 after purchasing an additional 315,288 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Avnet by 2.8% during the third quarter. Vanguard Group Inc. now owns 11,420,607 shares of the technology company’s stock valued at $511,300,000 after purchasing an additional 315,288 shares in the last quarter. Finally, Sensato Investors LLC bought a new position in shares of Avnet in the third quarter worth about $12,504,000. Institutional investors and hedge funds own 96.44% of the company’s stock.
Shares of Avnet stock opened at $44.03 on Thursday. Avnet has a fifty-two week low of $33.55 and a fifty-two week high of $49.40.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Investors of record on Tuesday, March 12th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 11th. This represents a $0.80 annualized dividend and a yield of 1.82%.
Several analysts recently commented on the stock. Citigroup upgraded shares of Avnet from a “sell” rating to a “neutral” rating in a research note on Friday, October 26th. Zacks Investment Research raised Avnet from a “sell” rating to a “hold” rating in a report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $45.17.
In related news, insider Philip R. Gallagher sold 24,068 shares of Avnet stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $43.18, for a total value of $1,039,256.24. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.65% of the stock is owned by insiders.
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Avnet, Inc, together with its subsidiaries, distributes electronic components worldwide. The company operates through two segments, Electronic Components and Premier Farnell. The Electronic Components segment markets and sells semiconductors; electronic components, including interconnect, passive and electromechanical devices; and other integrated components from electronic component manufacturers.
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