Avnet Inc. (AVT) Chairman and CEO Roy Vallee sells 25,000 Shares

Chairman and CEO of Avnet Inc. (AVT, Financial) Roy Vallee sells 25,000 shares of AVT on 11/18/2009 at an average price of $28.01 a share.

Avnet Inc. is one of the world's largest industrial distributors of electronic components and computer products. The company is a vital link in the chain that connects suppliers of semiconductors, interconnect products, passive and electromechanical devices to original equipment manufacturers and contract manufacturers that design and build the electronic equipment for end-market use, and to other industrial customers. The company markets, distributes and optimizes the supply-chain and provides design-chain services for the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of capabilities, such as maximizing inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its one lakhs customers, accelerating their growth through cost-effective, value-added services and solutions. Avnet Inc. has a market cap of $4.22 billion; its shares were traded at around $27.88 with a P/E ratio of 16.5 and P/S ratio of 0.3. Avnet Inc. had an annual average earning growth of 25% over the past 5 years.

AVT is in the portfolios of Robert Rodriguez of FPA Capital, Richard Snow of Snow Capital Management, L.P., Arnold Schneider of Schneider Capital Management, Richard Pzena of Pzena Investment Management LLC, NWQ Managers of NWQ Investment Management Co, Kenneth Fisher of Fisher Asset Management, LLC.

Insiders' Positions with AVT

  • Sell:: Director Eleanor Baum sold 3,000 shares of AVT stock on 11/05/2009 at the average price of 25.95, the price of the stock has increased by 7.44% since

  • Sell:: Senior VP David R Birk sold 3,000 shares of AVT stock on 09/10/2009 at the average price of 27.13, the price of the stock has increased by 2.76% since

  • Sell:: Senior Vice President Steven C Church sold 22,500 shares of AVT stock on 09/10/2009 at the average price of 27.21, the price of the stock has increased by 2.46% since

  • Sell:: VP, Chief Information Officer Steven R Phillips sold 800 shares of AVT stock on 09/10/2009 at the average price of 27.08, the price of the stock has increased by 2.95% since

  • Sell:: Director Lawrence W Clarkson sold 2,200 shares of AVT stock on 09/09/2009 at the average price of 27.01, the price of the stock has increased by 3.22% since