9,637 Shares in Arrow Electronics, Inc. $ARW Acquired by Globeflex Capital L P

Key Points

• Globeflex Capital acquired 9,637 shares of Arrow Electronics worth approximately $2.06 million during the second quarter. Institutional investors collectively own 99.34% of the company’s outstanding shares.
• Arrow reported strong quarterly results, with EPS of $5.45 exceeding estimates by $1.00 and revenue of $9.99 billion, up 31.8% year over year. The company guided for third-quarter EPS of $4.83–$5.03.
• The board authorized a $1 billion share-repurchase program, covering up to 9.7% of shares. Despite mixed analyst views, Arrow has a consensus “Hold” rating and an average price target of $233.25.

Globeflex Capital L P acquired a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,637 shares of the technology company's stock, valued at approximately $2,057,000.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in shares of Arrow Electronics by 2.6% in the first quarter. Private Advisor Group LLC now owns 3,054 shares of the technology company's stock worth $438,000 after purchasing an additional 78 shares during the last quarter. Root Financial Partners LLC boosted its position in shares of Arrow Electronics by 38.9% during the first quarter. Root Financial Partners LLC now owns 282 shares of the technology company's stock valued at $40,000 after buying an additional 79 shares during the last quarter. Krilogy Financial LLC increased its holdings in Arrow Electronics by 3.2% in the 1st quarter. Krilogy Financial LLC now owns 2,543 shares of the technology company's stock worth $365,000 after buying an additional 80 shares in the last quarter. Gateway Investment Advisers LLC raised its position in Arrow Electronics by 3.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 2,276 shares of the technology company's stock worth $251,000 after buying an additional 84 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Arrow Electronics by 0.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,567 shares of the technology company's stock worth $2,255,000 after buying an additional 84 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Electronics Trading Up 0.1%

Arrow Electronics stock opened at $210.98 on Monday. Arrow Electronics, Inc. has a 52-week low of $101.79 and a 52-week high of $237.33. The company has a market cap of $10.74 billion, a P/E ratio of 13.48, a P/E/G ratio of 0.32 and a beta of 1.20. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $213.28 and a two-hundred day simple moving average of $187.18.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, topping the consensus estimate of $4.45 by $1.00. The firm had revenue of $9.99 billion for the quarter, compared to analysts' expectations of $9.67 billion. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The business's quarterly revenue was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Analysts predict that Arrow Electronics, Inc. will post 20.44 EPS for the current year.

Arrow Electronics announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 9.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

ARW has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Arrow Electronics from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Wells Fargo & Company boosted their price objective on shares of Arrow Electronics from $175.00 to $200.00 and gave the company an "underweight" rating in a report on Friday, August 7th. Bank of America upgraded shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $122.00 to $233.00 in a report on Wednesday, May 13th. Truist Financial cut their target price on shares of Arrow Electronics from $260.00 to $250.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 25th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Arrow Electronics currently has a consensus rating of "Hold" and a consensus price target of $233.25.

Arrow Electronics Company Profile

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.

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