Hsbc Holdings PLC Has $873,000 Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Hsbc Holdings PLC decreased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 77.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,139 shares of the technology company’s stock after selling 24,575 shares during the quarter. Hsbc Holdings PLC’s holdings in Arrow Electronics were worth $873,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Vinva Investment Management Ltd increased its holdings in shares of Arrow Electronics by 4.7% during the 3rd quarter. Vinva Investment Management Ltd now owns 1,888 shares of the technology company’s stock worth $243,000 after acquiring an additional 85 shares during the last quarter. Nilsine Partners LLC increased its holdings in shares of Arrow Electronics by 2.3% during the 3rd quarter. Nilsine Partners LLC now owns 4,861 shares of the technology company’s stock worth $609,000 after acquiring an additional 110 shares during the last quarter. Strs Ohio increased its holdings in shares of Arrow Electronics by 0.6% during the 4th quarter. Strs Ohio now owns 18,681 shares of the technology company’s stock worth $2,283,000 after acquiring an additional 120 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Arrow Electronics by 5.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,302 shares of the technology company’s stock worth $288,000 after acquiring an additional 127 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Arrow Electronics by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 25,163 shares of the technology company’s stock worth $3,151,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Stock Performance

ARW traded down $2.14 during trading on Thursday, hitting $122.71. The stock had a trading volume of 815,024 shares, compared to its average volume of 539,733. The company has a 50 day moving average price of $123.41 and a 200-day moving average price of $119.48. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 7.77 and a beta of 1.39. Arrow Electronics, Inc. has a one year low of $108.51 and a one year high of $147.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.00.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $3.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.72 by $0.26. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.84 billion. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The firm’s quarterly revenue was down 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $5.69 EPS. As a group, research analysts predict that Arrow Electronics, Inc. will post 11.53 EPS for the current year.

Insider Activity

In other news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total transaction of $180,895.00. Following the completion of the sale, the senior vice president now directly owns 15,271 shares in the company, valued at approximately $1,847,791. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Richard John Marano sold 1,900 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $116.46, for a total transaction of $221,274.00. Following the completion of the sale, the insider now directly owns 12,108 shares in the company, valued at approximately $1,410,097.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total value of $180,895.00. Following the sale, the senior vice president now owns 15,271 shares of the company’s stock, valued at $1,847,791. The disclosure for this sale can be found here. In the last three months, insiders sold 4,134 shares of company stock worth $488,795. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Truist Financial decreased their target price on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating on the stock in a 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.