Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. decreased its position in Arrow Electronics, Inc. (NYSE:ARW) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,154 shares of the technology company’s stock after selling 267 shares during the quarter. QRG Capital Management Inc.’s holdings in Arrow Electronics were worth $809,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ARW. Proficio Capital Partners LLC acquired a new position in Arrow Electronics during the fourth quarter worth about $1,971,000. Oppenheimer Asset Management Inc. grew its stake in shares of Arrow Electronics by 1.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company’s stock worth $539,000 after purchasing an additional 89 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Arrow Electronics by 26.5% in the 4th quarter. IFP Advisors Inc now owns 630 shares of the technology company’s stock worth $71,000 after purchasing an additional 132 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Arrow Electronics by 211.4% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 8,678 shares of the technology company’s stock worth $982,000 after purchasing an additional 5,891 shares in the last quarter. Finally, Fisher Funds Management LTD acquired a new stake in Arrow Electronics during the fourth quarter valued at approximately $7,455,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on ARW shares. Wells Fargo & Company decreased their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock 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 equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $121.25.

Insider Transactions at Arrow Electronics

In related news, CAO Yun Sung Cho sold 237 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $108.73, for a total value of $25,769.01. Following the completion of the sale, the chief accounting officer now directly owns 2,086 shares of the company’s stock, valued at approximately $226,810.78. This represents a 10.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Arrow Electronics Stock Performance

Shares of ARW opened at $105.63 on Tuesday. Arrow Electronics, Inc. has a one year low of $105.00 and a one year high of $137.80. The company has a 50-day moving average of $113.01 and a two-hundred day moving average of $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 price-to-earnings ratio of 14.51, a PEG ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. On average, equities research analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share 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.