Avnet, Inc. $AVT Stock Position Decreased by California Public Employees Retirement System

25 Jul 2026, 03:30 by Amy Steele · The Cerbat Gem

California Public Employees Retirement System lowered its holdings in Avnet, Inc. (NASDAQ:AVT – Free Report) by 5.1% during the first quarter, HoldingsChannel.com reports. The fund owned 221,768 shares of the company’s stock after selling 11,874 shares during the period. California Public Employees Retirement System’s holdings in Avnet were worth $13,665,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Summit Securities Group LLC bought a new position in shares of Avnet during the fourth quarter valued at approximately $28,000. BOKF NA raised its position in shares of Avnet by 1,116.7% during 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. Allworth Financial LP lifted its holdings in shares of Avnet by 199.1% in the 3rd quarter. Allworth Financial LP now owns 700 shares of the company’s stock worth $37,000 after purchasing an additional 466 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Avnet by 62.0% during 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 during the period. Finally, Clearstead Advisors LLC boosted its position in Avnet by 123.7% during the 4th quarter. Clearstead Advisors LLC now owns 1,385 shares of the company’s stock valued at $67,000 after purchasing an additional 766 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Avnet Stock Down 0.6%

Shares of AVT opened at $89.42 on Friday. The company has a 50-day simple moving average of $87.31 and a 200-day simple moving average of $72.65. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 2.01. The firm has a market capitalization of $7.33 billion, a P/E ratio of 34.79, a P/E/G ratio of 0.28 and a beta of 1.09. Avnet, Inc. has a 52 week low of $44.25 and a 52 week high of $95.26.

Avnet (NASDAQ:AVT – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.15. The company had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.45 billion. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, equities research analysts expect that Avnet, Inc. will post 5.12 earnings per share for the current year.

Avnet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. Avnet’s payout ratio is currently 54.47%.

Insider Activity at Avnet

In other Avnet news, CEO Philip R. Gallagher sold 23,920 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $82.92, for a total transaction of $1,983,446.40. Following the completion of the sale, the chief executive officer directly owned 145,003 shares of the company’s stock, valued at approximately $12,023,648.76. The trade was a 14.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

AVT has been the topic of several analyst reports. Zacks Research lowered Avnet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Bank of America raised shares of Avnet from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $96.00 in a report on Wednesday, May 13th. Weiss Ratings upgraded shares of Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Truist Financial increased their price objective on shares of Avnet to $95.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $95.00 price objective on shares of Avnet in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.50.

Get Our Latest Analysis on AVT

Avnet Company 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.