Connor Clark & Lunn Investment Management Ltd. Takes $22.23 Million Position in Avnet, Inc. $AVT

Posted by Brenda Bartman on Aug 26th, 2026

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Avnet, Inc. (NASDAQ:AVT – Free Report) in the second quarter, Holdings Channel.com reports. The fund acquired 250,229 shares of the company’s stock, valued at approximately $22,225,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Avnet during the 2nd quarter valued at about $916,146,000. Pzena Investment Management LLC bought a new position in Avnet in the second quarter worth about $277,153,000. Norges Bank bought a new position in Avnet in the fourth quarter worth about $62,393,000. Bank of New York Mellon Corp purchased a new stake in Avnet in the second quarter worth about $74,897,000. Finally, AQR Capital Management LLC lifted its holdings in Avnet by 30.7% in the fourth quarter. AQR Capital Management LLC now owns 2,961,608 shares of the company’s stock worth $142,394,000 after buying an additional 695,929 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings raised Avnet from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Wall Street Zen raised Avnet from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Zacks Research upgraded Avnet from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Wells Fargo & Company lifted their price target on Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Monday, July 20th. Finally, Truist Financial upped their price target on Avnet from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.25.

Read Our Latest Report on Avnet

Insider Buying and Selling

In other news, SVP Michael Ryan Mccoy sold 32,052 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $91.10, for a total value of $2,919,937.20. Following the completion of the sale, the senior vice president directly owned 76,674 shares in the company, valued at $6,985,001.40. This represents a 29.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Philip R. Gallagher sold 51,900 shares of the company’s 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 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 position. The SEC filing for this sale provides additional information. 1.90% of the stock is currently owned by corporate insiders.

Avnet Stock Up 1.5%

NASDAQ:AVT opened at $87.57 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.78. The firm has a market cap of $7.19 billion, a P/E ratio of 21.95, a P/E/G ratio of 0.26 and a beta of 1.09. Avnet, Inc. has a fifty-two week low of $44.25 and a fifty-two week high of $100.00. The firm has a 50-day simple moving average of $89.18 and a two-hundred day simple moving average of $78.70.

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 the consensus estimate of $1.80 by $0.48. The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $7.56 billion. Avnet had a return on equity of 9.57% and a net margin of 1.21%.The company’s revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Analysts predict that Avnet, Inc. will post 10.45 earnings per share for the current fiscal year.

Avnet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th will be issued a dividend of $0.37 per share. This is an increase from Avnet’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 9th. Avnet’s dividend payout ratio is currently 35.09%.

Avnet 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.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.