Oppenheimer Asset Management Inc. Acquires Shares of 65,734 Avnet, Inc. $AVT

Posted by Stanley Muller on Aug 16th, 2026

Oppenheimer Asset Management Inc. bought a new stake in Avnet, Inc. (NASDAQ:AVT – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 65,734 shares of the company’s stock, valued at approximately $5,838,000.

Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Avnet by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,885,636 shares of the company’s stock worth $362,655,000 after purchasing an additional 22,137 shares in the last quarter. AQR Capital Management LLC boosted its position in Avnet by 30.7% in the fourth quarter. AQR Capital Management LLC now owns 2,961,608 shares of the company’s stock valued at $142,394,000 after buying an additional 695,929 shares in the last quarter. LSV Asset Management boosted its position in Avnet by 7.6% in 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. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Avnet by 5.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,011,676 shares of the company’s stock worth $105,170,000 after buying an additional 101,873 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Avnet by 16.2% during the fourth quarter. Morgan Stanley now owns 1,524,945 shares of the company’s stock worth $73,319,000 after buying an additional 212,573 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Transactions at Avnet

In related news, CEO Philip R. Gallagher sold 51,900 shares of Avnet stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 168,923 shares in the company, valued at $16,632,158.58. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Avnet Stock Performance

Shares of Avnet stock opened at $95.71 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.78 and a quick ratio of 0.97. The firm has a market cap of $7.85 billion, a P/E ratio of 23.99, a P/E/G ratio of 0.32 and a beta of 1.09. The firm has a 50 day simple moving average of $89.01 and a 200 day simple moving average of $77.10. Avnet, Inc. has a fifty-two week low of $44.25 and a fifty-two week high of $100.00.

Avnet (NASDAQ:AVT – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 earnings per share (EPS) for the quarter, topping 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 return on equity of 9.57% and a net margin of 1.21%.The business’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 EPS. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Sell-side analysts predict that Avnet, Inc. will post 9.66 earnings per share for the current fiscal year.

Avnet Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AVT shares. Zacks Research upgraded shares of Avnet from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Wall Street Zen raised Avnet from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. 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. Bank of America raised Avnet from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $66.00 to $96.00 in a research note on Wednesday, May 13th. Finally, Wells Fargo & Company increased their target price on Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.25.

Read Our Latest Research Report on AVT

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.