Arrow Electronics Inc (NYSE:ARW)’s Stock Is Buy After Less Market Selling

September 16, 2018 - By Richard Doty

Arrow Electronics, Inc. (NYSE:ARW) Logo

Investors sentiment increased to 1.03 in Q2 2018. Its up 0.23, from 0.8 in 2018Q1. It increased, as 32 investors sold Arrow Electronics, Inc. shares while 108 reduced holdings. 34 funds opened positions while 110 raised stakes. 79.64 million shares or 0.26% less from 79.84 million shares in 2018Q1 were reported.
Advisory reported 1,582 shares or 0.01% of all its holdings. Smith Graham & Company Inv Advisors L P has invested 0.47% in Arrow Electronics, Inc. (NYSE:ARW). Jane Street Gp Ltd has invested 0% in Arrow Electronics, Inc. (NYSE:ARW). Cadence Limited Com holds 3,143 shares or 0.01% of its portfolio. Mitsubishi Ufj Trust And Bk Corp reported 0.03% in Arrow Electronics, Inc. (NYSE:ARW). Moreover, Amundi Pioneer Asset Mgmt has 0.01% invested in Arrow Electronics, Inc. (NYSE:ARW). Meeder Asset Inc holds 516 shares or 0% of its portfolio. New England Rech & Inc reported 14,850 shares or 0.74% of all its holdings. Gulf Intll Comml Bank (Uk) Ltd invested in 30,591 shares. Smithfield Trust invested in 55 shares. Axa invested in 0% or 2,965 shares. Barrow Hanley Mewhinney And Strauss reported 221 shares. Aqr Capital Mgmt Ltd Liability has invested 0.19% in Arrow Electronics, Inc. (NYSE:ARW). Ativo Cap Mngmt Limited Liability Corp has invested 0.4% in Arrow Electronics, Inc. (NYSE:ARW). First Quadrant L P Ca has invested 0.06% in Arrow Electronics, Inc. (NYSE:ARW).

Since May 29, 2018, it had 0 insider purchases, and 3 sales for $1.10 million activity. Shares for $156,200 were sold by Melvin Vincent P. Anderson Matthew R sold $132,367 worth of Arrow Electronics, Inc. (NYSE:ARW) on Tuesday, May 29.

The stock of Arrow Electronics Inc (NYSE:ARW) registered a decrease of 0.44% in short interest. ARW’s total short interest was 2.73M shares in September as published by FINRA. Its down 0.44% from 2.74M shares, reported previously. With 444,000 shares average volume, it will take short sellers 6 days to cover their ARW’s short positions. The short interest to Arrow Electronics Inc’s float is 3.15%.

The stock increased 0.98% or $0.75 during the last trading session, reaching $77.04. About 346,097 shares traded. Arrow Electronics, Inc. (NYSE:ARW) has declined 4.21% since September 16, 2017 and is downtrending. It has underperformed by 19.83% the S&P500.

Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company has market cap of $6.73 billion. The firm operates in two divisions, Global Components and Global Enterprise Computing Solutions. It has a 13.82 P/E ratio. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other services and products.

Arrow Electronics, Inc. (NYSE:ARW) Ratings Coverage

Among 3 analysts covering Arrow Electronics (NYSE:ARW), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Arrow Electronics had 3 analyst reports since May 4, 2018 according to SRatingsIntel. Stifel Nicolaus maintained the shares of ARW in report on Friday, May 4 with “Buy” rating. Deutsche Bank maintained the stock with “Hold” rating in Friday, May 4 report.

Arrow Electronics, Inc. (NYSE:ARW) Institutional Positions Chart

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