Cwm LLC Purchases 641 Shares of Arrow Electronics, Inc. (NYSE:ARW) (2024)

Cwm LLC increased its position in Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 59.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,714 shares of the technology company’s stock after purchasing an additional 641 shares during the period. Cwm LLC’s holdings in Arrow Electronics were worth $207,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC purchased a new position in Arrow Electronics in the 1st quarter worth about $32,000. Versant Capital Management Inc raised its position in Arrow Electronics by 794.6% in the 2nd quarter. Versant Capital Management Inc now owns 331 shares of the technology company’s stock worth $40,000 after buying an additional 294 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Arrow Electronics by 76.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 346 shares of the technology company’s stock worth $45,000 after buying an additional 150 shares during the last quarter. Principal Securities Inc. purchased a new position in Arrow Electronics in the 4th quarter worth about $56,000. Finally, GAMMA Investing LLC purchased a new position in Arrow Electronics in the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on ARW

Arrow Electronics Stock Performance

Shares of NYSE ARW opened at $129.85 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.07. The firm has a fifty day moving average price of $124.62 and a 200-day moving average price of $123.50. The stock has a market cap of $6.91 billion, a PE ratio of 10.21 and a beta of 1.27. Arrow Electronics, Inc. has a 1 year low of $108.51 and a 1 year high of $135.31.

Arrow Electronics (NYSE:ARW – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.62. Arrow Electronics had a return on equity of 12.77% and a net margin of 1.97%. The company had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.52 billion. During the same period in the previous year, the firm earned $4.37 EPS. The firm’s revenue was down 19.0% compared to the same quarter last year. Equities analysts anticipate that Arrow Electronics, Inc. will post 10.34 earnings per share for the current fiscal year.

Insider Activity at Arrow Electronics

In other news, Director Gail Hamilton sold 2,987 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $132.59, for a total value of $396,046.33. Following the sale, the director now owns 102 shares of the company’s stock, valued at $13,524.18. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Gail Hamilton sold 2,987 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $132.59, for a total value of $396,046.33. Following the sale, the director now owns 102 shares of the company’s stock, valued at $13,524.18. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew Charles Kerin sold 1,520 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $131.66, for a total transaction of $200,123.20. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Arrow Electronics Company Profile

(Free Report)

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.

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