Nomura Holdings Inc. Takes Position in Arrow Electronics, Inc. (NYSE:ARW)

Nomura Holdings Inc. purchased a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,978 shares of the technology company's stock, valued at approximately $789,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Meixler Investment Management Ltd. boosted its holdings in shares of Arrow Electronics by 2.6% during the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company's stock valued at $387,000 after acquiring an additional 88 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Arrow Electronics by 1.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company's stock valued at $539,000 after acquiring an additional 89 shares during the last quarter. Ironwood Investment Management LLC boosted its holdings in shares of Arrow Electronics by 0.4% during the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company's stock valued at $2,550,000 after acquiring an additional 100 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Arrow Electronics by 24.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock valued at $64,000 after acquiring an additional 112 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings 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 last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ARW shares. Wells Fargo & Company dropped their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Bank of America downgraded shares of 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 given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $121.25.

Arrow Electronics Stock Performance

ARW opened at $120.94 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.52 and a beta of 1.10. The company's 50 day moving average is $107.24 and its 200 day moving average is $112.02. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.33. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. The company had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.32 billion. During the same quarter last year, the business earned $2.41 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Insiders Place Their Bets

In other Arrow Electronics news, insider Eric Nowak sold 4,952 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $122.39, for a total transaction of $606,075.28. Following the sale, the insider now owns 43,895 shares in the company, valued at approximately $5,372,309.05. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gail Hamilton sold 1,458 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $178,444.62. Following the sale, the director now owns 101 shares in the company, valued at approximately $12,361.39. The trade was a 93.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,763 shares of company stock worth $824,095. Company insiders own 1.00% of the company's stock.

About Arrow Electronics

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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