Arrow Electronics, Inc. (NYSE:ARW) Shares Bought by Analog Century Management LP

Analog Century Management LP boosted its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 411,610 shares of the technology company's stock after purchasing an additional 13,287 shares during the period. Arrow Electronics comprises approximately 3.1% of Analog Century Management LP's holdings, making the stock its 19th largest position. Analog Century Management LP owned about 0.78% of Arrow Electronics worth $46,561,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ARW. BOK Financial Private Wealth Inc. acquired a new stake in shares of Arrow Electronics during the 4th quarter valued at approximately $25,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Arrow Electronics during the 4th quarter valued at approximately $31,000. New Age Alpha Advisors LLC acquired a new stake in shares of Arrow Electronics during the 4th quarter valued at approximately $47,000. Principal Securities Inc. lifted its position in shares of Arrow Electronics by 35.7% during the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after acquiring an additional 126 shares during the period. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Arrow Electronics during the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Insider Activity

In related news, Director William F. Austen bought 1,900 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the acquisition, the director now owns 7,858 shares in the company, valued at $818,174.96. This represents a 31.89 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Yun Sung Cho sold 237 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $108.73, for a total value of $25,769.01. Following the sale, the chief accounting officer now owns 2,086 shares in the company, valued at approximately $226,810.78. The trade was a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Arrow Electronics Trading Down 1.4 %

ARW stock traded down $1.57 during midday trading on Tuesday, hitting $111.41. The stock had a trading volume of 154,837 shares, compared to its average volume of 587,901. The firm has a market cap of $5.78 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80. The company's 50-day moving average price is $104.35 and its 200 day moving average price is $113.60.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate 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 predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Bank of America cut shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Two investment 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $121.25.

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.