Avnet, Inc. (NASDAQ:AVT) Shares Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC increased its position in Avnet, Inc. (NASDAQ:AVTFree Report) by 93.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,162 shares of the company’s stock after buying an additional 5,867 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Avnet were worth $586,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its position in Avnet by 330.2% during the third quarter. CWM LLC now owns 641 shares of the company’s stock valued at $31,000 after buying an additional 492 shares during the period. Amundi acquired a new position in Avnet during the fourth quarter valued at $37,000. Money Concepts Capital Corp acquired a new position in Avnet during the fourth quarter valued at $37,000. Quilter Plc acquired a new position in Avnet in the 1st quarter worth about $893,700,000. Finally, Quantbot Technologies LP acquired a new position in Avnet in the 1st quarter worth about $38,000. Institutional investors and hedge funds own 95.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group dropped their target price on Avnet from $48.00 to $42.00 and set a “sell” rating on the stock in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $45.50.

Read Our Latest Stock Analysis on AVT

Insider Buying and Selling

In related news, Director James A. Lawrence sold 8,190 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $47.30, for a total transaction of $387,387.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.

Avnet Price Performance

Shares of AVT stock opened at $44.92 on Monday. The stock has a 50 day moving average of $47.76 and a two-hundred day moving average of $47.63. The company has a current ratio of 2.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.55. Avnet, Inc. has a 12 month low of $39.64 and a 12 month high of $51.65. The company has a market capitalization of $4.06 billion, a P/E ratio of 6.20, a P/E/G ratio of 0.58 and a beta of 1.24.

Avnet (NASDAQ:AVTGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.01. Avnet had a return on equity of 13.60% and a net margin of 2.62%. The company had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter last year, the company earned $2.00 EPS. As a group, equities analysts expect that Avnet, Inc. will post 5.34 EPS for the current year.

Avnet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were given a dividend of $0.31 per share. The ex-dividend date was Tuesday, December 5th. This represents a $1.24 annualized dividend and a dividend yield of 2.76%. Avnet’s dividend payout ratio (DPR) is presently 17.13%.

About Avnet

(Free Report)

Avnet, Inc, distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers.

Featured Stories

Want to see what other hedge funds are holding AVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avnet, Inc. (NASDAQ:AVTFree Report).

Institutional Ownership by Quarter for Avnet (NASDAQ: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.