Public Employees Retirement System of Ohio Makes New Investment in Avnet, Inc. $AVT

Posted by Francis Steltz on Sep 6th, 2026

Public Employees Retirement System of Ohio purchased a new stake in Avnet, Inc. (NASDAQ:AVT – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 25,130 shares of the company’s stock, valued at approximately $2,232,000.

A number of other institutional investors have also made changes to their positions in AVT. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Avnet during the 2nd quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in Avnet in the 4th quarter valued at approximately $28,000. BOKF NA grew its holdings in Avnet by 1,116.7% in the 3rd quarter. BOKF NA now owns 584 shares of the company’s stock valued at $31,000 after buying an additional 536 shares during the last quarter. State of Wyoming bought a new position in Avnet in the 2nd quarter worth approximately $37,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Avnet by 62.0% during the fourth quarter. Hantz Financial Services Inc. now owns 852 shares of the company’s stock worth $41,000 after buying an additional 326 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AVT. Truist Financial increased their price objective on Avnet from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Avnet from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Bank of America upgraded shares of Avnet from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $66.00 to $96.00 in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of Avnet from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 14th. Finally, Zacks Research upgraded shares of Avnet from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.

Get Our Latest Analysis on AVT

Insider Transactions at Avnet

In other Avnet news, 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 transaction of $2,919,937.20. Following the completion of the transaction, the senior vice president owned 76,674 shares in the company, valued at $6,985,001.40. This trade represents a 29.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Philip R. Gallagher sold 51,900 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 168,923 shares in the company, valued at approximately $16,632,158.58. This represents a 23.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by company insiders.

Avnet Stock Performance

Shares of NASDAQ AVT opened at $92.06 on Friday. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 0.28 and a beta of 1.10. Avnet, Inc. has a one year low of $44.25 and a one year high of $100.00. The business has a fifty day simple moving average of $89.22 and a 200 day simple moving average of $79.98. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49.

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

Avnet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.6%. This is a boost from Avnet’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, September 9th. Avnet’s dividend payout ratio (DPR) is currently 35.09%.

About Avnet

(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.