Qsemble Capital Management LP Makes New $628,000 Investment in Arrow Electronics, Inc. (NYSE:ARW)

Qsemble Capital Management LP purchased a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,731 shares of the technology company's stock, valued at approximately $628,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARW. Versant Capital Management Inc grew its position in Arrow Electronics by 794.6% in the second quarter. Versant Capital Management Inc now owns 331 shares of the technology company's stock worth $40,000 after acquiring an additional 294 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Arrow Electronics in the 3rd quarter valued at $73,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Arrow Electronics during the 3rd quarter worth $78,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Arrow Electronics during the 3rd quarter worth about $88,000. Finally, GAMMA Investing LLC raised its holdings in Arrow Electronics by 24.6% in the 3rd quarter. GAMMA Investing LLC now owns 695 shares of the technology company's stock valued at $92,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Stock Down 1.2 %

Arrow Electronics stock traded down $1.48 during mid-day trading on Wednesday, reaching $119.39. 284,912 shares of the company's stock were exchanged, compared to its average volume of 463,473. The company has a fifty day moving average of $127.45 and a 200-day moving average of $127.29. The company has a market cap of $6.28 billion, a P/E ratio of 13.49 and a beta of 1.27. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share 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 firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period in the prior year, the firm earned $4.14 earnings per share. The business's quarterly revenue was down 14.8% compared to the same quarter last year. Sell-side analysts expect that Arrow Electronics, Inc. will post 10.23 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ARW shares. Raymond James dropped their price target 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. Truist Financial dropped their target price on shares of Arrow Electronics from $141.00 to $120.00 and set a "hold" rating for the company in a report on Friday, November 1st. Finally, Wells Fargo & Company raised their price target on Arrow Electronics from $100.00 to $110.00 and gave the stock an "underweight" rating in a research report on Friday, August 2nd. One 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. Based on data from MarketBeat.com, Arrow Electronics currently has an average rating of "Hold" and a consensus price target of $124.25.

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.