5 Most Undervalued Tech Stocks To Buy According To Hedge Funds

2. Avnet, Inc. (NASDAQ:AVT)

Number of Hedge Fund Investors In Q2 2023: 31

Latest P/E Ratio: 5.92

Avnet, Inc. (NASDAQ:AVT) supplies electrical products in the market and provides supply chain, logistics, product design, and other surfaces to component manufacturers. It is another stock that is rated Hold on average by analysts, despite four consecutive quarterly EPS beats.

Insider Monkey dug through 910 hedge funds for their June quarter of 2023 shareholdings and discovered that 31 had bought the firm’s shares. Richard S. Pzena’s Pzena Investment Management is the company’s largest hedge fund investor since it owns 8.6 million shares that are worth $438 million.

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