Swiss National Bank Sells 74,900 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Swiss National Bank cut its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 40.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 109,800 shares of the technology company's stock after selling 74,900 shares during the quarter. Swiss National Bank owned 0.20% of Arrow Electronics worth $13,423,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its holdings in Arrow Electronics by 5.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,302 shares of the technology company's stock worth $288,000 after buying an additional 127 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Arrow Electronics by 51.7% during the 3rd quarter. Mackenzie Financial Corp now owns 14,330 shares of the technology company's stock valued at $1,759,000 after acquiring an additional 4,886 shares in the last quarter. Strs Ohio increased its stake in shares of Arrow Electronics by 23.1% in the third quarter. Strs Ohio now owns 18,561 shares of the technology company's stock worth $2,324,000 after acquiring an additional 3,481 shares during the last quarter. Advisor Partners II LLC raised its holdings in shares of Arrow Electronics by 13.9% during the third quarter. Advisor Partners II LLC now owns 4,618 shares of the technology company's stock worth $578,000 after acquiring an additional 565 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in Arrow Electronics during the third quarter valued at $479,000. Institutional investors own 99.34% of the company's stock.

Insider Activity

In other news, CAO Yun Sung Cho sold 739 shares of Arrow Electronics stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $117.22, for a total value of $86,625.58. Following the transaction, the chief accounting officer now owns 1,389 shares of the company's stock, valued at $162,818.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $117.22, for a total transaction of $86,625.58. Following the completion of the sale, the chief accounting officer now directly owns 1,389 shares in the company, valued at $162,818.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 1,495 shares of Arrow Electronics stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the completion of the transaction, the senior vice president now owns 15,271 shares in the company, valued at $1,847,791. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,134 shares of company stock valued at $488,795. Insiders own 1.00% of the company's stock.

Arrow Electronics Stock Up 0.7 %

ARW stock traded up $0.84 during trading hours on Friday, hitting $126.43. The company's stock had a trading volume of 378,202 shares, compared to its average volume of 481,595. The stock has a 50 day moving average price of $124.64 and a two-hundred day moving average price of $120.06. Arrow Electronics, Inc. has a 12 month low of $108.51 and a 12 month high of $147.42. The company has a market capitalization of $6.73 billion, a PE ratio of 9.94 and a beta of 1.39. The company has a quick ratio of 1.07, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.04. Arrow Electronics had a net margin of 2.28% and a return on equity of 14.61%. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.08 billion. During the same quarter in the previous year, the business earned $4.60 EPS. Arrow Electronics's quarterly revenue was down 20.7% compared to the same quarter last year. On average, equities research analysts expect that Arrow Electronics, Inc. will post 11.06 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Truist Financial dropped their target price on Arrow Electronics from $128.00 to $124.00 and set a "hold" rating on the stock in a research report on Friday, February 9th.

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.