The President of Avnet Inc is Exercising Options

Today it was reported that the President of Avnet Inc (AVT), Philip Gallagher, exercised options to sell 24,068 AVT shares at $24.75 a share, for a total transaction value of $1.04M.

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Based on Avnet Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $5.09 billion and quarterly net profit of $83.72 million. In comparison, last year the company earned revenue of $4.66 billion and had a net profit of $58.3 million. Currently, Avnet Inc has an average volume of 1.18M.

The insider sentiment on Avnet Inc has been neutral according to 32 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Avnet, Inc. engages in the distribution and sale of electronic components. It operates through the Electronics Components (EC) and Premier Farnell (FC) segments. The Electronics Components segment markets and sells semiconductors, interconnect, passive and electromechanical devices and integrated components.