Arrow Electronics, Inc. $ARW Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 36.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 301,489 shares of the technology company's stock after buying an additional 80,569 shares during the quarter. Assenagon Asset Management S.A. owned about 0.59% of Arrow Electronics worth $68,438,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ARW. Keating Financial Advisory Services Inc. acquired a new stake in shares of Arrow Electronics in the 2nd quarter worth $28,000. Fiduciary Financial Advisors purchased a new position in Arrow Electronics during the 2nd quarter worth $33,000. Jones Financial Companies Lllp purchased a new position in Arrow Electronics during the 2nd quarter worth $37,000. Bayban acquired a new position in Arrow Electronics during the 1st quarter valued at about $26,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in Arrow Electronics during the 2nd quarter valued at about $47,000. 99.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Arrow Electronics news, SVP Carine Jean-Claude sold 1,000 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total transaction of $209,850.00. Following the transaction, the senior vice president directly owned 11,626 shares of the company's stock, valued at $2,439,716.10. This trade represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ARW shares. Weiss Ratings upgraded shares of Arrow Electronics from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Wall Street Zen lowered shares of Arrow Electronics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 19th. Truist Financial lowered 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 note on Friday, August 7th. Wells Fargo & Company boosted their target price on shares of Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a research report on Friday, August 7th. Finally, Raymond James Financial reissued an "outperform" rating and set a $250.00 target price on shares of Arrow Electronics in a research report on Friday, August 7th. One equities research 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 given a Sell rating to the company's stock. According to data from MarketBeat, Arrow Electronics presently has a consensus rating of "Moderate Buy" and an average price target of $233.25.

Arrow Electronics Price Performance

Shares of Arrow Electronics stock opened at $213.86 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $249.43. The business has a 50-day moving average price of $218.05 and a 200 day moving average price of $207.28. The firm has a market cap of $10.89 billion, a PE ratio of 12.60, a P/E/G ratio of 0.32 and a beta of 1.16.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, topping analysts' consensus estimates of $4.45 by $1.00. The company had revenue of $9.99 billion during the quarter, compared to analysts' expectations of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%. Arrow Electronics's quarterly revenue was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Sell-side analysts predict that Arrow Electronics, Inc. will post 21.24 earnings per share for the current fiscal year.

Arrow Electronics Profile

Arrow Electronics, Inc is a global distributor of electronic components and enterprise computing products. The company connects manufacturers with industrial and commercial customers, supplying semiconductors, embedded components, and related technologies used in products such as automotive systems, communications equipment, industrial machinery, and consumer electronics.

Through its enterprise computing business, Arrow provides data-center and information-technology products and services, including servers, storage, networking equipment, software, cloud solutions, and security technologies.

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