Neuberger Berman Group LLC increased its holdings in shares of Avnet (NYSE:AVT) by 3.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,508 shares of the technology company’s stock after buying an additional 303 shares during the period. Neuberger Berman Group LLC’s holdings in Avnet were worth $381,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. FMR LLC lifted its stake in shares of Avnet by 17.4% in the third quarter. FMR LLC now owns 3,402,524 shares of the technology company’s stock worth $152,331,000 after buying an additional 505,237 shares in the last quarter. LSV Asset Management lifted its stake in shares of Avnet by 28.8% in the third quarter. LSV Asset Management now owns 1,827,175 shares of the technology company’s stock worth $81,802,000 after buying an additional 408,507 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Avnet by 2.8% in the third quarter. Vanguard Group Inc now owns 11,420,607 shares of the technology company’s stock worth $511,300,000 after buying an additional 315,288 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Avnet by 2.8% in the third quarter. Vanguard Group Inc. now owns 11,420,607 shares of the technology company’s stock worth $511,300,000 after buying an additional 315,288 shares in the last quarter. Finally, Sensato Investors LLC bought a new position in shares of Avnet in the third quarter worth approximately $12,504,000. 96.44% of the stock is currently owned by institutional investors and hedge funds.

In other Avnet news, insider Philip R. Gallagher sold 24,068 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $43.18, for a total transaction of $1,039,256.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.65% of the stock is currently owned by corporate insiders.

AVT has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Avnet from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Citigroup upgraded shares of Avnet from a “sell” rating to a “neutral” rating in a research note on Friday, October 26th. Finally, TheStreet cut shares of Avnet from a “b” rating to a “c” rating in a report on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.67.

AVT opened at $41.03 on Monday. Avnet has a twelve month low of $33.55 and a twelve month high of $49.40.

Avnet (NYSE:AVT) last released its quarterly earnings data on Thursday, October 25th. The technology company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, December 4th. This represents a $0.80 dividend on an annualized basis and a yield of 1.95%.

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About Avnet

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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