Philip Gallagher Sells 23,920 Shares of Avnet (NASDAQ:AVT) Stock

Key Points

• CEO Philip Gallagher sold 23,920 shares on May 5 at an average price of $82.92 for about $1.98M, trimming his stake by 14.16% to 145,003 shares (≈$12.02M).
• Avnet recently reported $1.48 EPS vs. a $1.33 consensus and revenue of $7.12B (up 34% year‑over‑year), and has set Q4 2026 guidance at 1.700–1.800 EPS.
• Shares traded up 1.6% to $83.70 on heavy volume and sit near their 12‑month high; the stock yields 1.7% and carries a MarketBeat consensus rating of Moderate Buy with an average target of $77.50.

Avnet, Inc. (NASDAQ:AVT - Get Free Report) CEO Philip Gallagher sold 23,920 shares of the firm's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $82.92, for a total value of $1,983,446.40. Following the completion of the transaction, the chief executive officer owned 145,003 shares in the company, valued at $12,023,648.76. This represents a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Avnet Trading Up 1.6%

Shares of NASDAQ:AVT traded up $1.30 during midday trading on Wednesday, hitting $83.70. The company had a trading volume of 2,008,395 shares, compared to its average volume of 1,203,638. Avnet, Inc. has a 12 month low of $44.25 and a 12 month high of $84.75. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 0.58 and a beta of 1.09. The firm has a fifty day simple moving average of $66.65 and a 200 day simple moving average of $57.23.

Avnet (NASDAQ:AVT - Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.15. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.45 billion. Avnet had a return on equity of 7.07% and a net margin of 0.86%.The company's revenue for the quarter was up 34.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, analysts predict that Avnet, Inc. will post 4.92 EPS for the current year.

Avnet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.40 annualized dividend and a yield of 1.7%. Avnet's payout ratio is currently 54.47%.

Institutional Trading of Avnet

Institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. lifted its holdings in shares of Avnet by 132.7% in the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company's stock valued at $27,000 after purchasing an additional 300 shares in the last quarter. Summit Securities Group LLC bought a new stake in Avnet during the fourth quarter worth about $28,000. BOKF NA raised its holdings in Avnet by 1,116.7% during the third quarter. BOKF NA now owns 584 shares of the company's stock worth $31,000 after acquiring an additional 536 shares in the last quarter. MAI Capital Management raised its holdings in Avnet by 53.7% during the third quarter. MAI Capital Management now owns 673 shares of the company's stock worth $35,000 after acquiring an additional 235 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Avnet by 53.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 737 shares of the company's stock worth $35,000 after acquiring an additional 258 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on AVT shares. Zacks Research upgraded Avnet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 14th. Truist Financial lifted their target price on Avnet to $95.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Wells Fargo & Company lifted their target price on Avnet from $60.00 to $70.00 and gave the stock an "underweight" rating in a report on Thursday, April 30th. Weiss Ratings lowered Avnet from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, March 19th. Finally, Wall Street Zen upgraded Avnet from a "buy" rating to a "strong-buy" rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $77.50.

About Avnet

Avnet, Inc NASDAQ: AVT is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet's offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.

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