Avnet (NYSE:AVT) Shares Sold by James Investment Research Inc.

James Investment Research Inc. lessened its holdings in Avnet (NYSE:AVT) by 16.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,718 shares of the technology company’s stock after selling 29,254 shares during the quarter. James Investment Research Inc. owned approximately 0.14% of Avnet worth $6,959,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Crawford Investment Counsel Inc. boosted its holdings in Avnet by 0.4% in the first quarter. Crawford Investment Counsel Inc. now owns 128,464 shares of the technology company’s stock worth $5,571,000 after purchasing an additional 510 shares during the period. Chase Investment Counsel Corp boosted its holdings in shares of Avnet by 5.5% during the first quarter. Chase Investment Counsel Corp now owns 12,930 shares of the technology company’s stock valued at $560,000 after acquiring an additional 670 shares during the period. Texas Permanent School Fund boosted its holdings in shares of Avnet by 1.1% during the first quarter. Texas Permanent School Fund now owns 73,621 shares of the technology company’s stock valued at $3,193,000 after acquiring an additional 836 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Avnet by 1,178.9% during the first quarter. Advisory Services Network LLC now owns 908 shares of the technology company’s stock valued at $40,000 after acquiring an additional 837 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Avnet by 0.5% during the first quarter. Swiss National Bank now owns 202,700 shares of the technology company’s stock valued at $8,783,000 after acquiring an additional 1,000 shares during the period. 96.44% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on AVT. Deutsche Bank began coverage on shares of Avnet in a report on Tuesday, June 11th. They set a “hold” rating and a $44.00 price target for the company. Citigroup set a $47.00 price target on shares of Avnet and gave the company a “hold” rating in a report on Friday, April 26th. Zacks Investment Research raised shares of Avnet from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, TheStreet raised shares of Avnet from a “c+” rating to a “b-” rating in a report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $48.00.

In related news, Director James A. Lawrence sold 20,620 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $45.20, for a total value of $932,024.00. Following the completion of the sale, the director now owns 500,000 shares of the company’s stock, valued at $22,600,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.65% of the company’s stock.

AVT stock opened at $43.42 on Friday. The business has a 50-day moving average of $44.16. Avnet has a fifty-two week low of $33.55 and a fifty-two week high of $49.40.

Avnet Profile

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.

Recommended Story: Put Option

Institutional Ownership by Quarter for Avnet (NYSE:AVT)

Receive News & Ratings for Avnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avnet and related companies with MarketBeat.com's FREE daily email newsletter.