Arrow Electronics, Inc. $ARW Shares Sold by ARGA Investment Management LP

ARGA Investment Management LP cut its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 28.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 80,504 shares of the technology company's stock after selling 32,081 shares during the period. ARGA Investment Management LP owned about 0.16% of Arrow Electronics worth $18,274,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARW. State Street Corp lifted its position in Arrow Electronics by 0.5% during the second quarter. State Street Corp now owns 1,694,603 shares of the technology company's stock worth $361,645,000 after buying an additional 8,238 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Arrow Electronics by 307.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 220,920 shares of the technology company's stock valued at $47,147,000 after buying an additional 166,762 shares in the last quarter. Empowered Funds LLC grew its holdings in Arrow Electronics by 306.8% in the 1st quarter. Empowered Funds LLC now owns 36,928 shares of the technology company's stock valued at $5,296,000 after buying an additional 27,851 shares in the last quarter. Calamos Advisors LLC acquired a new stake in shares of Arrow Electronics in the 2nd quarter worth $5,817,000. Finally, SummerHaven Investment Management LLC acquired a new stake in shares of Arrow Electronics in the 3rd quarter worth $1,465,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, SVP Carine Jean-Claude sold 1,000 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president owned 11,626 shares in the company, valued at $2,439,716.10. The trade was a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

ARW has been the topic of several analyst reports. Wall Street Zen lowered Arrow Electronics from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 19th. Wells Fargo & Company upped their price objective on shares of Arrow Electronics from $175.00 to $200.00 and gave the company an "underweight" rating in a report on Friday, August 7th. Raymond James Financial restated an "outperform" rating and set a $250.00 price objective on shares of Arrow Electronics in a research report on Friday, August 7th. Truist Financial reduced their target price on shares of Arrow Electronics from $260.00 to $250.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Arrow Electronics from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $233.25.

Arrow Electronics Stock Performance

Shares of ARW stock opened at $208.72 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.22. The firm has a market cap of $10.62 billion, a P/E ratio of 11.63, a P/E/G ratio of 0.30 and a beta of 1.20. The firm's 50 day moving average price is $219.06 and its 200-day moving average price is $191.27. Arrow Electronics, Inc. has a one year low of $101.79 and a one year high of $249.43.

Arrow Electronics (NYSE:ARW - Get Free Report) last released 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 company had revenue of $9.99 billion for 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%. The firm's revenue was up 31.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, equities research analysts predict that Arrow Electronics, Inc. will post 21.24 EPS for the current year.

Arrow Electronics Company Profile

Arrow Electronics, Inc is a global distributor of electronic components and enterprise computing solutions. The company connects manufacturers of technology products with customers, including original equipment manufacturers, contract manufacturers, commercial enterprises and government organizations.

Arrow's components business distributes products such as semiconductors, embedded systems, passive and electromechanical components, and related engineering services. Its enterprise computing solutions business provides technology products and services involving data center, cloud, security, networking and software solutions.

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