Arrow Electronics, Inc. $ARW Shares Sold by Ruffer LLP

Key Points

• Ruffer LLP cut its Arrow Electronics stake by 96.5% in the second quarter, selling 32,575 shares and retaining 1,170 shares valued at approximately $249,000. Institutional investors and hedge funds collectively own 99.34% of the company.
• Arrow Electronics reported quarterly earnings of $5.45 per share, beating estimates by $1.00, while revenue rose 31.8% year over year to $9.99 billion. The company also authorized a $1 billion share-repurchase program covering up to 9.7% of outstanding shares.
• Analyst sentiment is mixed but leans positive: the stock has an average “Hold” rating and a consensus price target of $233.25, compared with an opening price of $209.08 in the report.

Ruffer LLP decreased its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 96.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,170 shares of the technology company's stock after selling 32,575 shares during the quarter. Ruffer LLP's holdings in Arrow Electronics were worth $249,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ARW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Arrow Electronics by 45.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,748 shares of the technology company's stock worth $2,154,000 after buying an additional 6,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Arrow Electronics by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,971 shares of the technology company's stock worth $20,763,000 after acquiring an additional 14,886 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Arrow Electronics by 68.1% in the first quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company's stock worth $37,000 after acquiring an additional 143 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Arrow Electronics during the second quarter worth $492,000. Finally, Walleye Capital LLC purchased a new stake in shares of Arrow Electronics during the second quarter worth $475,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Insider Activity

In related news, insider Eric Nowak sold 3,473 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total transaction of $732,768.27. Following the completion of the sale, the insider owned 48,835 shares in the company, valued at $10,303,696.65. The trade was a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $216.00, for a total value of $648,000.00. Following the completion of the transaction, the senior vice president directly owned 12,626 shares of the company's stock, valued at $2,727,216. This trade represents a 19.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is currently owned by company insiders.

Arrow Electronics Stock Performance

Shares of ARW stock opened at $209.08 on Friday. The company has a market cap of $10.64 billion, a P/E ratio of 13.36, a PEG ratio of 0.32 and a beta of 1.20. The firm has a fifty day moving average price of $214.33 and a 200 day moving average price of $183.63. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. Arrow Electronics, Inc. has a 12 month low of $101.79 and a 12 month high of $237.33.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, beating 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%.Arrow Electronics's quarterly revenue was up 31.8% on a year-over-year basis. During the same period last year, the firm earned $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Sell-side analysts predict that Arrow Electronics, Inc. will post 20.44 earnings per share for the current fiscal year.

Arrow Electronics announced that its Board of Directors has approved a stock buyback program on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 9.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ARW. Raymond James Financial reiterated an "outperform" rating and issued a $250.00 target price on shares of Arrow Electronics in a report on Friday, August 7th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. Bank of America upgraded Arrow Electronics from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $122.00 to $233.00 in a research note on Wednesday, May 13th. Truist Financial lowered their price objective 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. Finally, Wall Street Zen raised Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $233.25.

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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