Arrow Electronics, Inc. (NYSE:ARW) Position Increased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 862 shares of the technology company’s stock after buying an additional 167 shares during the period. GAMMA Investing LLC’s holdings in Arrow Electronics were worth $98,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Arrow Electronics by 115.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock valued at $41,948,000 after acquiring an additional 168,904 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Arrow Electronics by 1,072.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $5,564,000 after acquiring an additional 37,746 shares in the last quarter. Peapack Gladstone Financial Corp lifted its position in shares of Arrow Electronics by 2.8% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 46,664 shares of the technology company’s stock valued at $6,198,000 after acquiring an additional 1,251 shares in the last quarter. Synovus Financial Corp lifted its position in shares of Arrow Electronics by 6.0% in the 3rd quarter. Synovus Financial Corp now owns 3,155 shares of the technology company’s stock valued at $419,000 after acquiring an additional 178 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Arrow Electronics by 3.5% in the 3rd quarter. Tidal Investments LLC now owns 7,223 shares of the technology company’s stock valued at $959,000 after acquiring an additional 245 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Truist Financial reduced their price target on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Raymond James cut their target price on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Arrow Electronics Stock Down 0.2 %

ARW stock opened at $111.92 on Friday. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $137.80. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 12.49 and a beta of 1.26. The company has a 50 day moving average of $117.39 and a two-hundred day moving average of $124.32.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.15. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the prior year, the firm earned $4.14 EPS. The company’s revenue was down 14.8% compared to the same quarter last year. On average, equities analysts anticipate that Arrow Electronics, Inc. will post 10.23 earnings per share for the current fiscal year.

Arrow Electronics 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.