Millennium Management LLC Purchases 61,657 Shares of Arrow Electronics, Inc. $ARW

Key Points

• Millennium Management LLC increased its stake in Arrow Electronics by 31.7% in the first quarter, owning 255,883 shares valued at approximately $26.57 million after acquiring additional shares.
• Arrow Electronics reported a 10% year-over-year revenue increase of $7.58 billion, surpassing analysts' expectations, and a quarterly earnings per share of $2.43, exceeding consensus estimates of $2.03.
• CEO Sean J. Kerins purchased 8,630 shares of the company's stock at an average price of $114.91 each, reflecting a 7.58% increase in his position.

Millennium Management LLC grew its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 31.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,883 shares of the technology company's stock after buying an additional 61,657 shares during the quarter. Millennium Management LLC owned 0.49% of Arrow Electronics worth $26,568,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ARW. Operose Advisors LLC acquired a new stake in shares of Arrow Electronics in the 1st quarter valued at approximately $31,000. Golden State Wealth Management LLC raised its stake in Arrow Electronics by 111.7% in the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock worth $39,000 after purchasing an additional 200 shares in the last quarter. Quarry LP raised its position in shares of Arrow Electronics by 321.7% in the first quarter. Quarry LP now owns 388 shares of the technology company's stock valued at $40,000 after buying an additional 296 shares in the last quarter. Twin Tree Management LP acquired a new position in Arrow Electronics in the first quarter valued at about $92,000. Finally, Covestor Ltd raised its position in shares of Arrow Electronics by 14.9% in the 1st quarter. Covestor Ltd now owns 1,118 shares of the technology company's stock valued at $116,000 after buying an additional 145 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arrow Electronics

In related news, CEO Sean J. Kerins acquired 8,630 shares of the firm's stock in a transaction on Friday, August 1st. The stock was acquired at an average cost of $114.91 per share, for a total transaction of $991,673.30. Following the acquisition, the chief executive officer owned 122,408 shares of the company's stock, valued at $14,065,903.28. This trade represents a 7.58% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Arrow Electronics from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Bank of America raised their price target on shares of Arrow Electronics from $105.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, June 9th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Arrow Electronics currently has a consensus rating of "Reduce" and a consensus price target of $115.75.

Arrow Electronics Price Performance

Shares of NYSE ARW traded down $7.83 during mid-day trading on Wednesday, reaching $119.18. 192,654 shares of the company were exchanged, compared to its average volume of 533,669. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. The company's 50 day moving average price is $126.29 and its 200 day moving average price is $117.93. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The stock has a market capitalization of $6.14 billion, a PE ratio of 13.48, a PEG ratio of 0.60 and a beta of 1.09.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The technology company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.40. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. The business had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm posted $2.78 earnings per share. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. Sell-side analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Arrow Electronics Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.