Bank of America Corp DE Takes $270.98 Million Position in Arrow Electronics, Inc. $ARW

Key Points

• Bank of America acquired 1.27 million Arrow Electronics shares worth approximately $271 million in the second quarter, giving it a 2.49% stake. Institutional investors collectively own 99.34% of the company.
• Arrow Electronics reported quarterly EPS of $5.45, beating estimates by $1.00, while revenue rose 31.8% year over year to $9.99 billion. The company issued third-quarter EPS guidance of $4.83–$5.03.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $233.25, although one analyst maintains a sell rating. Separately, an Arrow senior vice president sold 1,000 shares at $209.85 each.

Bank of America Corp DE acquired a new position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,269,769 shares of the technology company's stock, valued at approximately $270,981,000. Bank of America Corp DE owned 2.49% of Arrow Electronics as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ARW. MUFG Securities EMEA plc purchased a new position in Arrow Electronics during the fourth quarter valued at $14,544,000. Intech Investment Management LLC lifted its stake in Arrow Electronics by 92.3% in the 4th quarter. Intech Investment Management LLC now owns 10,042 shares of the technology company's stock worth $1,106,000 after purchasing an additional 4,821 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Arrow Electronics by 307.9% during 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 purchasing an additional 166,762 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Arrow Electronics by 306.8% during the 1st quarter. Empowered Funds LLC now owns 36,928 shares of the technology company's stock valued at $5,296,000 after purchasing an additional 27,851 shares during the last quarter. Finally, Natixis Advisors LLC grew its position in shares of Arrow Electronics by 3.7% during the fourth quarter. Natixis Advisors LLC now owns 191,334 shares of the technology company's stock valued at $21,081,000 after purchasing an additional 6,868 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insiders Place Their Bets

In other Arrow Electronics news, SVP Carine Jean-Claude sold 1,000 shares of Arrow Electronics 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 transaction, the senior vice president directly owned 11,626 shares of the company's stock, valued at approximately $2,439,716.10. The trade was a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is currently owned by company insiders.

Arrow Electronics Price Performance

Shares of ARW stock opened at $211.62 on Thursday. Arrow Electronics, Inc. has a 1-year low of $101.79 and a 1-year high of $237.33. The stock's 50-day moving average is $211.21 and its 200 day moving average is $194.53. The company has a market cap of $10.77 billion, a P/E ratio of 13.52, a PEG ratio of 0.31 and a beta of 1.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.01.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its 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. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The business had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $9.67 billion. During the same period in the previous year, the company posted $2.43 earnings per share. The firm's revenue was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Research analysts predict that Arrow Electronics, Inc. will post 21.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on ARW shares. Wall Street Zen upgraded shares of Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th. Raymond James Financial reaffirmed an "outperform" rating and issued a $250.00 price objective on shares of Arrow Electronics in a research report on Friday, August 7th. Truist Financial decreased their target price 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. Zacks Research raised shares of Arrow Electronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 1st. Finally, Wells Fargo & Company boosted their target price on shares of Arrow Electronics from $175.00 to $200.00 and gave the company an "underweight" rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Arrow Electronics currently has an average rating of "Moderate Buy" and an average target price of $233.25.

About Arrow Electronics

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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