** Shares of electronic components supplier Avnet AVT.O dip 2.3% premarket to $53.32 as it looks to raise capital

** Phoenix, Arizona-based AVT announces private offering of $500 mln 5-yr convertible bonds (CBs)

** It intends to use net offering proceeds to repay debt under its revolver

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

** With ~83.5 mln shares outstanding, co has roughly $4.6 bln market value

** AVT shares on Fri ended session down 0.5% at $54.47

** YTD, stock up 4% compared to the Nasdaq's .IXIC 11% advance

** 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))