Cypress Capital Management LLC boosted its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 32.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,277 shares of the technology company’s stock after acquiring an additional 2,045 shares during the period. Cypress Capital Management LLC’s holdings in Arrow Electronics were worth $649,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Advisor Partners LLC lifted its holdings in Arrow Electronics by 2.6% in the second quarter. Advisor Partners LLC now owns 2,802 shares of the technology company’s stock worth $220,000 after acquiring an additional 71 shares during the last quarter. Breton Hill Capital Ltd. lifted its holdings in Arrow Electronics by 2.6% in the second quarter. Breton Hill Capital Ltd. now owns 3,900 shares of the technology company’s stock worth $306,000 after acquiring an additional 100 shares during the last quarter. Synovus Financial Corp lifted its holdings in Arrow Electronics by 2.9% in the second quarter. Synovus Financial Corp now owns 4,541 shares of the technology company’s stock worth $353,000 after acquiring an additional 126 shares during the last quarter. M&T Bank Corp lifted its holdings in Arrow Electronics by 2.1% in the second quarter. M&T Bank Corp now owns 6,471 shares of the technology company’s stock worth $507,000 after acquiring an additional 136 shares during the last quarter. Finally, Aviance Capital Partners LLC lifted its holdings in Arrow Electronics by 0.7% in the second quarter. Aviance Capital Partners LLC now owns 22,016 shares of the technology company’s stock worth $1,726,000 after acquiring an additional 160 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts have issued reports on ARW shares. Zacks Investment Research cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Stifel Nicolaus reissued a “buy” rating and issued a $86.00 target price on shares of Arrow Electronics in a report on Tuesday, September 12th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $81.00 target price (up previously from $76.00) on shares of Arrow Electronics in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $80.60.

In other Arrow Electronics news, Chairman Michael J. Long sold 20,910 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $76.01, for a total value of $1,589,369.10. Following the transaction, the chairman now directly owns 346,486 shares in the company, valued at $26,336,400.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Sean J. Kerins sold 4,477 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $77.16, for a total transaction of $345,445.32. Following the completion of the transaction, the insider now owns 26,213 shares in the company, valued at $2,022,595.08. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Shares of Arrow Electronics, Inc. (NYSE ARW) traded down 0.33% during trading on Monday, reaching $81.89. 164,795 shares of the company’s stock were exchanged. The company has a market capitalization of $7.23 billion, a PE ratio of 14.97 and a beta of 1.15. The company has a 50 day moving average price of $78.82 and a 200-day moving average price of $76.79. Arrow Electronics, Inc. has a 52-week low of $58.51 and a 52-week high of $84.53.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.01. The firm had revenue of $6.47 billion for the quarter, compared to analyst estimates of $6.23 billion. Arrow Electronics had a net margin of 2.01% and a return on equity of 13.52%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 earnings per share. On average, equities analysts forecast that Arrow Electronics, Inc. will post $7.32 earnings per share for the current year.

Arrow Electronics Company Profile

Arrow Electronics, Inc is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from various electronic components and enterprise computing solutions suppliers.

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Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

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