Jones Financial Companies Adds $46M in Arrow Electronics, Inc. ($ARW)
Key Points
- Jones Financial Companies changed its Arrow Electronics, Inc. ($ARW) stake by 17219.0% last quarter, boosting to 206,789 shares worth $46.08 million.
- Wall Street's consensus rating on $ARW is Hold and an average price target of $219.50.
- $ARW last traded around $222.86.
Jones Financial Companies increased its position in Arrow Electronics, Inc. ($ARW) by 17219.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,789 shares of Arrow Electronics, Inc. after buying 205,595 shares during the quarter. Jones Financial Companies's holdings in Arrow Electronics, Inc. were worth $46.08 million as of its most recent filing.
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About Arrow Electronics, Inc.
Arrow Electronics, Inc. sources and engineers technology for manufacturers, service providers, and users of enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes electronic components, including semiconductor products and related services; interconnect, passive, and electromechanical products comprising capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services. Its Global Enterprise Computing Solutions segment offers computing solutions, such as datacenter, cloud, security, and analytics solutions, as well as engineering and integration support, warehousing and logistics, marketing resources, and authorized hardware and software training services. The company serves original equipment manufacturers, value-added resellers, managed service providers, contract manufacturers, and other commercial customers. Arrow Electronics, Inc. was founded in 1935 and is based in Centennial, Colorado.
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