CEO of Avnet Inc (AVT) Richard P Hamada sells 13,108 shares of AVT on 01/29/2013 at an average price of $35.5 a share.

Avnet Inc has a market cap of $4.82 billion; its shares were traded at around $35.26 with a P/E ratio of 9.8 and P/S ratio of 0.2.

This is the annual revenues and earnings per share of AVT over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of AVT.

CEO Recent Trades:

• CEO Richard P Hamada sold 13,108 shares of AVT stock on 01/29/2013 at the average price of 35.5. Richard P Hamada owns at least 161,811 shares after this. The price of the stock has decreased by 0.68% since.

This is the insider trade history vs. stock price of AVT. For the complete insider trading history of AVT, click here.

Directors and Officers Recent Trades:

• Senior Vice President Harley Feldberg sold 6,959 shares of AVT stock on 01/29/2013 at the average price of 35.18. Harley Feldberg owns at least 132,777 shares after this. The price of the stock has increased by 0.23% since.
• Senior Vice President Philip R Gallagher sold 5,066 shares of AVT stock on 01/29/2013 at the average price of 34.92. Philip R Gallagher owns at least 61,210 shares after this. The price of the stock has increased by 0.97% since.
• Senior Vice President Steven R Phillips sold 3,597 shares of AVT stock on 01/29/2013 at the average price of 35.4. Steven R Phillips owns at least 25,842 shares after this. The price of the stock has decreased by 0.4% since.
• Director Frank R Noonan sold 3,801 shares of AVT stock on 01/29/2013 at the average price of 35.18. Frank R Noonan owns at least 4,818 shares after this. The price of the stock has increased by 0.23% since.
• Vice President Gerard Fay sold 2,571 shares of AVT stock on 01/29/2013 at the average price of 35.5. Gerard Fay owns at least 8,664 shares after this. The price of the stock has decreased by 0.68% since.

For the complete insider trading history of AVT, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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