Arrow Electronics, Inc. (NYSE:ARW) Shares Bought by Khrom Capital Management LLC

Khrom Capital Management LLC grew its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 37.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,921 shares of the technology company’s stock after purchasing an additional 78,656 shares during the quarter. Arrow Electronics makes up approximately 6.6% of Khrom Capital Management LLC’s portfolio, making the stock its 8th largest holding. Khrom Capital Management LLC owned 0.54% of Arrow Electronics worth $35,011,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Private Advisor Group LLC purchased a new position in Arrow Electronics during the fourth quarter worth $204,000. Norges Bank acquired a new position in Arrow Electronics in the 4th quarter valued at about $79,027,000. Assetmark Inc. raised its stake in Arrow Electronics by 1.9% in the 4th quarter. Assetmark Inc. now owns 12,265 shares of the technology company’s stock valued at $1,499,000 after purchasing an additional 224 shares during the last quarter. Johnson Financial Group Inc. lifted its holdings in Arrow Electronics by 17.1% in the 4th quarter. Johnson Financial Group Inc. now owns 937 shares of the technology company’s stock valued at $115,000 after purchasing an additional 137 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Arrow Electronics during the fourth quarter worth about $229,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ARW has been the topic of a number of analyst reports. Wells Fargo & Company raised their target price on shares of Arrow Electronics from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Truist Financial raised their price objective on Arrow Electronics from $124.00 to $141.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. The Goldman Sachs Group upped their target price on Arrow Electronics from $116.00 to $132.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Finally, Raymond James increased their target price on Arrow Electronics from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $130.75.

Arrow Electronics Trading Down 1.7 %

Shares of ARW stock opened at $131.64 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. Arrow Electronics, Inc. has a fifty-two week low of $108.51 and a fifty-two week high of $136.93. The firm’s 50 day moving average price is $127.46 and its two-hundred day moving average price is $126.54. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 10.35 and a beta of 1.27.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.62. The firm had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.52 billion. Arrow Electronics had a return on equity of 12.77% and a net margin of 1.97%. The firm’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.37 EPS. On average, analysts anticipate that Arrow Electronics, Inc. will post 10.74 EPS for the current year.

Arrow Electronics Company Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.