Arrow Electronics, Inc. $ARW Stock Position Decreased by Greenhaven Associates Inc.

Key Points

• Greenhaven Associates reduced its Arrow Electronics stake by 6.9% in the second quarter, selling 131,707 shares. It still held 1.76 million shares worth approximately $376.5 million, representing 4.3% of its portfolio.
• Arrow Electronics exceeded quarterly expectations, reporting $5.45 in EPS and $9.99 billion in revenue, with revenue up 31.8% year over year. The company also authorized a $1 billion share-repurchase program covering up to 9.7% of outstanding shares.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $233.25 versus the stock’s $209.08 opening price. Recent insider activity was negative, as two executives sold shares.

Greenhaven Associates Inc. lowered its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,764,153 shares of the technology company's stock after selling 131,707 shares during the period. Arrow Electronics makes up approximately 4.3% of Greenhaven Associates Inc.'s portfolio, making the stock its 10th largest position. Greenhaven Associates Inc. owned approximately 3.45% of Arrow Electronics worth $376,488,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bayban bought a new stake in Arrow Electronics in the 1st quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Arrow Electronics by 112.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company's stock valued at $27,000 after buying an additional 131 shares during the period. Transamerica Financial Advisors LLC bought a new position in shares of Arrow Electronics during the 4th quarter valued at $27,000. Advisory Services Network LLC purchased a new position in shares of Arrow Electronics in the 3rd quarter worth $31,000. Finally, Quarry LP purchased a new position in shares of Arrow Electronics in the 3rd quarter worth $33,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen raised Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th. Wells Fargo & Company upped their price target on shares of Arrow Electronics from $175.00 to $200.00 and gave the company an "underweight" rating in a research report on Friday, August 7th. Raymond James Financial reiterated an "outperform" rating and issued a $250.00 price objective on shares of Arrow Electronics in a research note on Friday, August 7th. Zacks Research downgraded shares of Arrow Electronics from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $233.25.

Insider Buying and Selling

In other news, insider Eric Nowak sold 3,473 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total value of $732,768.27. Following the sale, the insider directly owned 48,835 shares in the company, valued at approximately $10,303,696.65. This represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $216.00, for a total value of $648,000.00. Following the sale, the senior vice president directly owned 12,626 shares of the company's stock, valued at $2,727,216. This represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.80% of the company's stock.

Arrow Electronics Price Performance

Arrow Electronics stock opened at $209.08 on Friday. Arrow Electronics, Inc. has a 12-month low of $101.79 and a 12-month high of $237.33. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $214.33 and a 200-day moving average price of $183.63. The firm has a market capitalization of $10.64 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 0.32 and a beta of 1.20.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $9.67 billion. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The firm's revenue for the quarter was up 31.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, equities research analysts forecast that Arrow Electronics, Inc. will post 20.44 EPS for the current year.

Arrow Electronics announced that its board has authorized a stock repurchase program on Wednesday, May 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to purchase up to 9.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Arrow Electronics Company 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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