Meeder Asset Management Inc. Makes New Investment in Avnet, Inc. $AVT

Posted by on Aug 19th, 2026

Meeder Asset Management Inc. acquired a new stake in Avnet, Inc. (NASDAQ:AVT – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 33,527 shares of the company’s stock, valued at approximately $2,978,000.

Several other large investors have also recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Avnet in the 2nd quarter worth about $25,000. Summit Securities Group LLC bought a new position in Avnet during the fourth quarter valued at about $28,000. BOKF NA increased its holdings in Avnet by 1,116.7% during the third quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after buying an additional 536 shares during the last quarter. State of Wyoming purchased a new stake in Avnet during the second quarter worth about $37,000. Finally, Hantz Financial Services Inc. raised its position in Avnet by 62.0% in the fourth quarter. Hantz Financial Services Inc. now owns 852 shares of the company’s stock worth $41,000 after acquiring an additional 326 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Avnet Price Performance

Shares of NASDAQ:AVT opened at $93.40 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.78 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $7.66 billion, a PE ratio of 23.41, a P/E/G ratio of 0.32 and a beta of 1.09. Avnet, Inc. has a twelve month low of $44.25 and a twelve month high of $100.00. The company has a 50-day moving average price of $89.37 and a two-hundred day moving average price of $77.84.

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

Insider Transactions at Avnet

In other Avnet news, CEO Philip R. Gallagher sold 51,900 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $98.46, for a total transaction of $5,110,074.00. Following the sale, the chief executive officer owned 168,923 shares of the company’s stock, valued at $16,632,158.58. The trade was a 23.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on Avnet

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.

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Institutional Ownership by Quarter for Avnet (NASDAQ:AVT)

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