Shares of Avnet (NYSE:AVT) Sees Large Inflow of Net Money Flow

Avnet (NYSE:AVT) dropped slightly amid mild profit booking and the last known price was $41.88 per share. The price decreased by -0.34 points or -0.81% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $5.44 million. The total upticks were valued at $10.46 million and the total downticks aggregated to $5.01 million, thereby putting the up/down ratio at 2.09,. The shares have seen a change in the share price of 1.97% on a weekly basis.In a big block trade which occurred today, the total uptick value was $6.82 million and the total downtick value was $1.36, resulting in an up/down ratio of 5.01. The net money flow for the block trade was calculated to be $5.46 million.


Currently the company Insiders own 1.13% of Avnet shares according to the proxy statements. Institutional Investors own 94.46% of Avnet shares. On the companys insider trading activities, Miller Maryann G., officer (Senior Vice President) of Avnet Inc, unloaded 9,562 shares at an average price of $42.45 on September 9, 2015. The total amount of the transaction was worth $405,907, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Avnet (NYSE:AVT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.49 points or 1.16% at $41.73 with 1,047,842 shares getting traded. Post opening the session at $41.95, the shares hit an intraday low of $41.71 and an intraday high of $42.27 and the price was in this range throughout the day. The company has a market cap of $5,363 million and the number of outstanding shares have been calculated to be 128,515,224 shares. The 52-week high of Avnet (NYSE:AVT) is $46.95 and the 52-week low is $36.415.

Many analysts have stated their opinion on the company shares. Goldman Sachs upgrades their rating on the shares of Avnet (NYSE:AVT). The current rating of the shares is Neutral. Earlier, the shares were rated a Sell by the brokerage firm. Equity Analysts at the Firm raises the price target to $41 per share from $39 per share. The rating by the firm was issued on June 7, 2016.

Avnet, Inc. distributes electronic components, enterprise computer and storage products, information technology solutions and services, and embedded subsystems. The Company operates in two segments: Electronics Marketing (EM) and Technology Solutions (TS). Both operating groups have operations in each of the three economic regions of the world: the Americas; Europe, the Middle East and Africa; and Asia/Pacific, consisting of Asia, Australia and New Zealand. The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices, and embedded products to a diverse customer base serving many end-markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and complex solutions from the technology manufacturers. The TS segment also provides hard disk drives, microprocessor, motherboard and dynamic random-access memory module technologies to manufacturers of computers and system builders.

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