Algert Global LLC Acquires 34,450 Shares of Arrow Electronics, Inc. $ARW

Key Points

• Algert Global increased its Arrow Electronics stake by 78.3% in the second quarter, purchasing 34,450 additional shares and bringing its holdings to 78,430 shares valued at approximately $16.7 million.
• Arrow Electronics reported quarterly EPS of $5.45, beating estimates of $4.45, while revenue rose 31.8% year over year to $9.99 billion. The company also authorized a $1 billion share-repurchase program, covering up to 9.7% of outstanding shares.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $233.25; shares were trading down 4.3% at about $201.87.

Algert Global LLC grew its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 78.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,430 shares of the technology company's stock after purchasing an additional 34,450 shares during the quarter. Algert Global LLC owned approximately 0.15% of Arrow Electronics worth $16,738,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Bayban purchased a new stake in Arrow Electronics during the first quarter worth about $26,000. Northwestern Mutual Wealth Management Co. boosted its stake in Arrow Electronics by 112.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company's stock valued at $27,000 after acquiring an additional 131 shares during the last quarter. Transamerica Financial Advisors LLC purchased a new position in Arrow Electronics in the fourth quarter valued at about $27,000. Keating Financial Advisory Services Inc. bought a new position in shares of Arrow Electronics during the 2nd quarter valued at approximately $28,000. Finally, Advisory Services Network LLC bought a new position in shares of Arrow Electronics during the 3rd quarter valued at approximately $31,000. 99.34% of the stock is currently owned by institutional investors.

Arrow Electronics Trading Down 4.3%

Shares of ARW stock opened at $201.87 on Tuesday. The company's fifty day simple moving average is $212.75 and its two-hundred day simple moving average is $187.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.01. Arrow Electronics, Inc. has a 1 year low of $101.79 and a 1 year high of $237.33. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.32 and a beta of 1.20.

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

Arrow Electronics announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 9.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ARW shares. Zacks Research cut shares of Arrow Electronics from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Wall Street Zen raised Arrow Electronics from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 25th. Bank of America raised 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 research report on Wednesday, May 13th. Weiss Ratings restated a "buy (b-)" rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $250.00 price target on shares of Arrow Electronics in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $233.25.

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.

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