Fort Washington Investment Advisors Inc. OH lifted its stake in Avnet (NYSE:AVT) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,680,343 shares of the technology company’s stock after purchasing an additional 4,059 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 1.55% of Avnet worth $60,660,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Avnet in the fourth quarter valued at $108,000. Cerebellum GP LLC purchased a new position in Avnet in the fourth quarter valued at $188,000. Northstar Wealth Partners LLC purchased a new position in Avnet in the third quarter valued at $200,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Avnet in the third quarter valued at $206,000. Finally, Jane Street Group LLC purchased a new position in Avnet in the second quarter valued at $210,000. Hedge funds and other institutional investors own 96.44% of the company’s stock.

A number of research firms recently issued reports on AVT. Zacks Investment Research upgraded Avnet from a “sell” rating to a “hold” rating in a report on Monday, October 29th. Citigroup upgraded Avnet from a “sell” rating to a “neutral” rating in a report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Avnet presently has a consensus rating of “Hold” and an average price target of $45.17.

Shares of NYSE AVT opened at $42.56 on Monday. Avnet has a 1 year low of $33.55 and a 1 year high of $49.40.

Avnet (NYSE:AVT) last announced its quarterly earnings results on Thursday, January 24th. The technology company reported $1.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.04. The business had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.07 billion. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share.

In other Avnet news, insider Philip R. Gallagher sold 24,068 shares of Avnet stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $43.18, for a total transaction of $1,039,256.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.65% of the stock is owned by insiders.

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Avnet Company Profile

Avnet, Inc, together with its subsidiaries, distributes electronic components worldwide. The company operates through two segments, Electronic Components and Premier Farnell. The Electronic Components segment markets and sells semiconductors; electronic components, including interconnect, passive and electromechanical devices; and other integrated components from electronic component manufacturers.

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Institutional Ownership by Quarter for Avnet (NYSE:AVT)

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