Qsemble Capital Management LP Invests $628,000 in Arrow Electronics, Inc. (NYSE:ARW)

Qsemble Capital Management LP acquired a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,731 shares of the technology company’s stock, valued at approximately $628,000.

A number of other large investors also recently bought and sold shares of ARW. Versant Capital Management Inc raised its position in shares of Arrow Electronics by 794.6% in the 2nd quarter. Versant Capital Management Inc now owns 331 shares of the technology company’s stock worth $40,000 after acquiring an additional 294 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Arrow Electronics in the third quarter valued at about $73,000. DekaBank Deutsche Girozentrale bought a new position in Arrow Electronics in the third quarter worth about $78,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Arrow Electronics in the 3rd quarter worth approximately $88,000. Finally, GAMMA Investing LLC boosted its stake in Arrow Electronics by 24.6% in the third quarter. GAMMA Investing LLC now owns 695 shares of the technology company’s stock valued at $92,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ARW shares. Raymond James decreased their price objective on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Truist Financial decreased their price target on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Wells Fargo & Company upped their target price on Arrow Electronics from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Arrow Electronics currently has a consensus rating of “Hold” and a consensus price target of $124.25.

Arrow Electronics Price Performance

NYSE:ARW opened at $120.87 on Wednesday. The firm’s fifty day moving average is $127.63 and its two-hundred day moving average is $127.32. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 13.49 and a beta of 1.27. Arrow Electronics, Inc. has a one year low of $108.51 and a one year high of $137.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, October 31st. The technology company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.23 by $0.15. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period last year, the company earned $4.14 earnings per share. Arrow Electronics’s revenue for the quarter was down 14.8% compared to the same quarter last year. Research analysts expect that Arrow Electronics, Inc. will post 10.23 EPS 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.