Arrow Electronics, Inc. $ARW Shares Sold by Amundi

Key Points

• Amundi reduced its Arrow Electronics stake by 37.5% in the second quarter, selling 78,702 shares and retaining 131,271 shares valued at approximately $28 million. Institutional investors and hedge funds collectively own 99.34% of the company.
• Arrow Electronics reported strong quarterly results, with EPS of $5.45 versus the $4.45 analyst estimate and revenue of $9.99 billion, up 31.8% year over year. The stock was trading at $228.47 after rising 7.0%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $233.25; target prices range from $200 to $250.

Amundi reduced its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 37.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,271 shares of the technology company's stock after selling 78,702 shares during the quarter. Amundi owned 0.26% of Arrow Electronics worth $28,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ARW. California State Teachers Retirement System grew its position in Arrow Electronics by 20,912.3% in the second quarter. California State Teachers Retirement System now owns 12,621,067 shares of the technology company's stock worth $2,693,462,000 after buying an additional 12,561,002 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Arrow Electronics during the 2nd quarter valued at $1,070,534,000. Bank of America Corp DE acquired a new stake in shares of Arrow Electronics during the 2nd quarter valued at $270,981,000. ACR Alpine Capital Research LLC boosted its stake in shares of Arrow Electronics by 42.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 3,445,593 shares of the technology company's stock worth $379,635,000 after acquiring an additional 1,028,778 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Arrow Electronics by 37.7% during the 3rd quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company's stock worth $384,818,000 after acquiring an additional 871,585 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Arrow Electronics Trading Up 7.0%

NYSE ARW opened at $228.47 on Friday. The firm's 50 day moving average price is $210.23 and its two-hundred day moving average price is $193.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.22. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $237.33. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 0.31 and a beta of 1.19.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.45 by $1.00. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.The company had revenue of $9.99 billion during the quarter, compared to analyst estimates of $9.67 billion. During the same quarter in the prior year, the company earned $2.43 earnings per share. 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. Equities analysts anticipate that Arrow Electronics, Inc. will post 21.24 EPS for the current year.

Analyst Ratings Changes

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

Insider Transactions at Arrow Electronics

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

Arrow Electronics Profile

Arrow Electronics, Inc is a global technology distributor that connects electronic component manufacturers with original equipment manufacturers, contract manufacturers and other commercial customers. The company supplies semiconductors, passive components, electromechanical products and related embedded technologies used in products across industries such as communications, industrial, automotive, aerospace and defense, and consumer electronics.

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

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