Optimize Financial Inc Acquires Shares of 10,842 Arrow Electronics, Inc. $ARW

Optimize Financial Inc acquired a new position in shares of Arrow Electronics, Inc. (NYSE:ARW) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,842 shares of the technology company’s stock, valued at approximately $1,312,000.

A number of other large investors have also modified their holdings of the stock. Root Financial Partners LLC acquired a new position in Arrow Electronics during the 3rd quarter worth approximately $26,000. Winnow Wealth LLC purchased a new stake in shares of Arrow Electronics during the third quarter valued at approximately $26,000. Farther Finance Advisors LLC lifted its position in shares of Arrow Electronics by 84.2% during the second quarter. Farther Finance Advisors LLC now owns 221 shares of the technology company’s stock worth $28,000 after purchasing an additional 101 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Arrow Electronics by 660.0% in the second quarter. True Wealth Design LLC now owns 266 shares of the technology company’s stock valued at $34,000 after purchasing an additional 231 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in Arrow Electronics by 1,547.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 280 shares of the technology company’s stock valued at $36,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Price Performance

Shares of NYSE ARW opened at $135.21 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $136.34. The business has a 50 day simple moving average of $115.42 and a 200-day simple moving average of $118.46.

Wall Street Analysts Forecast Growth

ARW has been the subject of a number of analyst reports. Zacks Research cut shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Wall Street Zen downgraded Arrow Electronics from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings restated a “hold (c)” rating on shares of Arrow Electronics in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company cut their target price on Arrow Electronics from $98.00 to $94.00 and set an “underweight” rating on the stock in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Arrow Electronics currently has a consensus rating of “Reduce” and an average price target of $102.00.

About Arrow Electronics

Arrow Electronics (NYSE: ARW) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company offers a broad portfolio of semiconductors, passives, connectors, electromechanical devices and embedded solutions, serving customers across diverse end markets including automotive, communications, computing, aerospace, defense and healthcare. Through its extensive supplier relationships, Arrow enables design engineers to identify and procure components required for the development of new electronic systems and devices.

In addition to component distribution, Arrow delivers value-added services such as design engineering support, supply chain management, global logistics and technical training.