Assenagon Asset Management S.A. Lowers Stock Holdings in Arrow Electronics, Inc. $ARW

Key Points

• Assenagon Asset Management S.A. significantly reduced its stake in Arrow Electronics by 68.6%, now holding 87,616 shares valued at approximately $11.17 million.
• Despite Assenagon's sell-off, other institutional investors like Pallas Capital Advisors LLC and Wealth Enhancement Advisory Services LLC increased their stakes substantially, indicating mixed market sentiment.
• CEO Sean J. Kerins purchased 8,630 shares at $114.91 each, raising his ownership by 7.58%, demonstrating insider confidence amid varied Wall Street ratings.

Assenagon Asset Management S.A. lowered its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 68.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,616 shares of the technology company's stock after selling 191,074 shares during the period. Assenagon Asset Management S.A. owned 0.17% of Arrow Electronics worth $11,165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. NorthCrest Asset Manangement LLC grew its position in shares of Arrow Electronics by 30.8% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 7,540 shares of the technology company's stock valued at $997,000 after purchasing an additional 1,774 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Arrow Electronics by 186.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 33,960 shares of the technology company's stock worth $4,488,000 after buying an additional 22,096 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Arrow Electronics in the 2nd quarter worth about $492,000. Pallas Capital Advisors LLC increased its stake in Arrow Electronics by 416.1% in the 2nd quarter. Pallas Capital Advisors LLC now owns 12,391 shares of the technology company's stock worth $1,579,000 after acquiring an additional 9,990 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Arrow Electronics by 79.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,034 shares of the technology company's stock valued at $259,000 after acquiring an additional 902 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arrow Electronics

In other news, CEO Sean J. Kerins bought 8,630 shares of the business's stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $114.91 per share, for a total transaction of $991,673.30. Following the completion of the acquisition, the chief executive officer owned 122,408 shares of the company's stock, valued at approximately $14,065,903.28. This trade represents a 7.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Arrow Electronics from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Bank of America boosted their price target on shares of Arrow Electronics from $105.00 to $110.00 and gave the stock an "underperform" rating in a research note on Monday, June 9th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $115.75.

Arrow Electronics Price Performance

Shares of NYSE:ARW opened at $121.06 on Wednesday. The company's fifty day moving average is $125.21 and its 200 day moving average is $118.46. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The stock has a market cap of $6.23 billion, a PE ratio of 13.69, a PEG ratio of 0.58 and a beta of 1.09.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.03 by $0.40. Arrow Electronics had a return on equity of 8.37% and a net margin of 1.64%.The firm had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the business earned $2.78 earnings per share. The company's quarterly revenue was up 10.0% on a year-over-year basis. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. Research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

About Arrow Electronics

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.

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