Arrow Electronics, Inc. (NYSE:ARW) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 211.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,678 shares of the technology company's stock after buying an additional 5,891 shares during the period. Y Intercept Hong Kong Ltd's holdings in Arrow Electronics were worth $982,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC purchased a new position in Arrow Electronics in the 3rd quarter valued at $31,000. Brooklyn Investment Group acquired a new position in Arrow Electronics during the third quarter worth about $40,000. Principal Securities Inc. boosted its position in Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock worth $54,000 after acquiring an additional 126 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Arrow Electronics during the 3rd quarter valued at about $73,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Arrow Electronics in the 3rd quarter valued at about $78,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Trading Down 2.3 %

ARW traded down $2.44 during trading hours on Monday, reaching $105.63. The company's stock had a trading volume of 361,810 shares, compared to its average volume of 505,011. The business's 50-day moving average is $113.01 and its 200-day moving average is $121.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. The stock has a market cap of $5.51 billion, a PE ratio of 14.51, a P/E/G ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a fifty-two week low of $105.00 and a fifty-two week high of $137.80.

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Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. As a group, equities research analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the sale, the chief accounting officer now directly owns 1,549 shares in the company, valued at $173,658.39. This represents a 18.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ARW shares. Wells Fargo & Company dropped their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research report on Friday, February 7th. Bank of America cut Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $121.25.

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.