5 Best Affordable Tech Stocks To Buy Now

4. Avnet, Inc. (NASDAQ:AVT)

Number of Hedge Fund Investors In Q2 2023: 31

Latest P/E Ratio: 5.84

Avnet, Inc. (NASDAQ:AVT) is a chip firm that offers different products and design services. The firm increased its dividend to 31 cents a share in early September but its stock is still rated Hold on average.

Insider Monkey dug through 910 hedge funds for their June quarter of 2023 investments and found that 31 had invested in the firm. Avnet, Inc. (NASDAQ:AVT)’s largest hedge fund investor is Richard S. Pzena’s Pzena Investment Management due to its $438 million investment.

Follow Avnet Inc (NYSE:AVT)