Allianz Asset Management GmbH Sells 12,963 Shares of Arrow Electronics, Inc. $ARW

Key Points

• Allianz Asset Management reduced its Arrow Electronics stake by 3.6%, selling 12,963 shares in the second quarter and retaining 348,823 shares valued at approximately $74.4 million. Institutional investors collectively own 99.34% of ARW.
• Arrow Electronics reported strong quarterly results, with EPS of $5.45 versus the $4.45 consensus and revenue of $9.99 billion, up 31.8% year over year. The company issued third-quarter EPS guidance of $4.83–$5.03.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $233.25. Arrow also has a $1 billion share-repurchase authorization, covering up to 9.7% of shares.

Allianz Asset Management GmbH lessened its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 348,823 shares of the technology company's stock after selling 12,963 shares during the quarter. Allianz Asset Management GmbH owned 0.69% of Arrow Electronics worth $74,442,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Keating Financial Advisory Services Inc. acquired a new position in Arrow Electronics during the second quarter worth about $28,000. Fiduciary Financial Advisors bought a new position in Arrow Electronics during the second quarter worth $33,000. Jones Financial Companies Lllp bought a new stake in Arrow Electronics during the second quarter valued at $37,000. Bayban acquired a new stake in Arrow Electronics during the 1st quarter worth about $26,000. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of Arrow Electronics in the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Insider Activity

In related news, SVP Carine Jean-Claude sold 1,000 shares of Arrow Electronics stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total value of $209,850.00. Following the sale, the senior vice president owned 11,626 shares of the company's stock, valued at approximately $2,439,716.10. The trade was a 7.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ARW has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a report on Friday, August 7th. Raymond James Financial reiterated an "outperform" rating and issued a $250.00 price target on shares of Arrow Electronics in a report on Friday, August 7th. Wall Street Zen raised shares of Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th. Truist Financial decreased their price target on shares of Arrow Electronics from $260.00 to $250.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Arrow Electronics in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $233.25.

Arrow Electronics Stock Up 0.2%

ARW opened at $216.34 on Tuesday. Arrow Electronics, Inc. has a fifty-two week low of $101.79 and a fifty-two week high of $237.33. The firm has a market capitalization of $11.01 billion, a P/E ratio of 13.82, a PEG ratio of 0.32 and a beta of 1.19. The company's 50-day moving average is $209.15 and its 200 day moving average is $191.55. 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 (NYSE:ARW - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, beating the consensus estimate of $4.45 by $1.00. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The firm had revenue of $9.99 billion during the quarter, compared to analyst estimates of $9.67 billion. During the same quarter last year, the business posted $2.43 EPS. The company's revenue for the quarter was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Research analysts expect that Arrow Electronics, Inc. will post 21.24 earnings per share for the current fiscal year.

Arrow Electronics declared that its board has authorized a stock repurchase program on Wednesday, May 13th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 9.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Arrow Electronics 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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