** Shares of electronic components distributor Avnet AVT.O down 0.3% to $51.90 after raising more capital than planned

** Phoenix, Arizona-based AVT early Weds announced pricing offering of $550 mln 1.75% 5-yr convertible bonds (CBs)

** Initial conversion price of $70.27 represents 35% premium over stock's last close

** AVT shares fell 4.6% to $52.05 on Tues after co earlier in the day announced $500 mln offering to repay debt under its revolving credit facility

** Co also intends to use $100 mln of net proceeds to repurchase its stock from CB purchasers

** Including session moves, shares down nearly 1% YTD vs Nasdaq's .IXIC 11% gain

** Last month, co posted fiscal Q4 top and bottom line beat and forecasted current qtr sales of $5.55-$5.85 bln

** Of 6 analysts covering AVT, 1 rates "strong buy", 2 rate "hold" and 3 recommend "sell"; median PT is $52, according to LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))