Avnet (NASDAQ:AVT) CEO Philip Gallagher Sells 51,900 Shares of Stock

Posted by Brian Himes on Aug 14th, 2026

Avnet, Inc. (NASDAQ:AVT – Get Free Report) CEO Philip Gallagher sold 51,900 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $98.46, for a total value of $5,110,074.00. Following the transaction, the chief executive officer owned 168,923 shares of the company’s stock, valued at approximately $16,632,158.58. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Avnet Stock Performance

Shares of AVT opened at $95.99 on Friday. The firm has a fifty day moving average of $88.83 and a 200-day moving average of $76.97. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 0.32 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.

Avnet (NASDAQ:AVT – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.48. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $7.56 billion. Avnet had a net margin of 1.21% and a return on equity of 9.57%. Avnet’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same period last year, the firm posted $0.81 EPS. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. As a group, equities analysts anticipate that Avnet, Inc. will post 9.66 earnings per share for the current year.

Avnet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, June 3rd. Avnet’s dividend payout ratio (DPR) is currently 35.09%.

Wall Street Analyst Weigh In

AVT has been the subject of several recent analyst reports. Weiss Ratings cut shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Truist Financial upped their target price on Avnet from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen raised Avnet from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Bank of America upgraded Avnet from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $66.00 to $96.00 in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company boosted their price objective on Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.25.

Get Our Latest Stock Report on AVT

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AVT. Jefferies Financial Group Inc. purchased a new stake in shares of Avnet in the fourth quarter valued at $602,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Avnet in the fourth quarter worth $4,865,000. GSA Capital Partners LLP grew its holdings in shares of Avnet by 255.2% during the fourth quarter. GSA Capital Partners LLP now owns 41,830 shares of the company’s stock valued at $2,011,000 after buying an additional 30,052 shares in the last quarter. LSV Asset Management grew its holdings in shares of Avnet by 7.6% during the fourth quarter. LSV Asset Management now owns 2,811,171 shares of the company’s stock valued at $135,161,000 after buying an additional 197,400 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Avnet during the first quarter valued at $2,400,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Avnet Company Profile

(Get 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.