324,846 Shares in Avnet, Inc. $AVT Acquired by William Blair Investment Management LLC

23 Aug 2026, 05:59 by Jessica Moore · The Cerbat Gem

William Blair Investment Management LLC purchased a new stake in Avnet, Inc. (NASDAQ:AVT – Free Report) during the second quarter, HoldingsChannel.com reports. The firm purchased 324,846 shares of the company’s stock, valued at approximately $28,853,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Avnet during the second quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in shares of Avnet in the 4th quarter worth about $28,000. BOKF NA raised its holdings in shares of Avnet by 1,116.7% in the 3rd quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after purchasing an additional 536 shares during the period. State of Wyoming acquired a new position in shares of Avnet in the 2nd quarter valued at about $37,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of Avnet by 62.0% in the 4th quarter. Hantz Financial Services Inc. now owns 852 shares of the company’s stock valued at $41,000 after purchasing an additional 326 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AVT. Bank of America upgraded Avnet from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $66.00 to $96.00 in a report on Wednesday, May 13th. Wells Fargo & Company raised their price target on shares of Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Monday, July 20th. Wall Street Zen upgraded shares of Avnet from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Truist Financial increased their price objective on shares of Avnet from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $95.00 target price on shares of Avnet in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.25.

View Our Latest Analysis on AVT

Insiders Place Their Bets

In other Avnet news, CEO Philip R. Gallagher sold 51,900 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $98.46, for a total value of $5,110,074.00. Following the completion of the transaction, the chief executive officer directly owned 168,923 shares of the company’s stock, valued at $16,632,158.58. This represents a 23.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael Ryan Mccoy sold 32,052 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $91.10, for a total value of $2,919,937.20. Following the sale, the senior vice president owned 76,674 shares of the company’s stock, valued at $6,985,001.40. This represents a 29.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by company insiders.

Avnet Price Performance

AVT stock opened at $88.64 on Friday. The firm has a market cap of $7.27 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 0.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.78. Avnet, Inc. has a 1 year low of $44.25 and a 1 year high of $100.00. The stock has a 50-day simple moving average of $89.35 and a 200-day simple moving average of $78.27.

Avnet (NASDAQ:AVT – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $1.80 by $0.48. Avnet had a return on equity of 9.57% and a net margin of 1.21%.The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same period in the previous year, the company posted $0.81 EPS. Avnet’s revenue for the quarter was up 47.7% on a year-over-year basis. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. On average, equities analysts predict that Avnet, Inc. will post 10.45 earnings per share for the current fiscal year.

Avnet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 9th. This is a positive change from Avnet’s previous quarterly dividend of $0.35. Avnet’s dividend payout ratio (DPR) is 35.09%.

Trending Headlines about Avnet

Here are the key news stories impacting Avnet this week:

Positive Sentiment: Broad-based earnings estimate increases: Zacks Research raised its EPS forecasts across multiple periods, including Q1 2027 to $2.85 from $1.53, Q2 2027 to $2.16 from $1.74, Q3 2027 to $1.96 from $1.55, and FY2027 to $9.00 from $6.65. The firm also lifted FY2028 estimates to $9.79 from $7.19 and projects FY2029 EPS of $10.15. Zacks maintains a “Strong-Buy” rating. Zacks Research earnings estimates
Positive Sentiment: Higher forward-quarter expectations: The firm increased its Q1 2028 forecast to $3.14 from $1.85, Q2 2028 to $2.35 from $1.89, Q3 2028 to $2.06 from $1.66, and Q4 2028 to $2.23 from $1.79. These revisions point to stronger anticipated earnings momentum than previously expected. Avnet forward earnings revisions
Positive Sentiment: Dividend increase: Avnet declared a quarterly dividend of $0.37 per share, up from $0.35, representing a 5.7% increase. The dividend is payable September 23 to shareholders of record September 9, with an indicated annual yield of approximately 1.7%. Avnet increases quarterly dividend
Neutral Sentiment: Valuation remains a focus: Zacks is examining whether Avnet is undervalued based on value, growth, momentum, and earnings-estimate trends. The discussion could attract value-oriented investors, although the article details provided do not include a specific valuation conclusion. Are Investors Undervaluing Avnet

Avnet Profile

(Free Report)

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.