Bank of New York Mellon Corp Makes New $71.34 Million Investment in Arrow Electronics, Inc. $ARW

Key Points

• Bank of New York Mellon initiated a $71.34 million position in Arrow Electronics, purchasing 334,277 shares and holding approximately 0.65% of the company. Institutional investors collectively own 99.34% of Arrow’s stock.
• Arrow Electronics reported quarterly EPS of $5.45, beating estimates of $4.45, 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 remains mixed, with a consensus rating of “Hold” and an average price target of $233.25. ARW recently traded at $202.72, below its 50-day average of $212.22 but above its 200-day average of $188.10.

Bank of New York Mellon Corp bought a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 334,277 shares of the technology company's stock, valued at approximately $71,338,000. Bank of New York Mellon Corp owned 0.65% of Arrow Electronics as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Arrow Electronics by 45.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,748 shares of the technology company's stock worth $2,154,000 after acquiring an additional 6,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Arrow Electronics by 8.0% in the 1st 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 purchasing an additional 14,886 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Arrow Electronics by 68.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company's stock worth $37,000 after purchasing an additional 143 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Arrow Electronics during the 2nd quarter worth about $492,000. Finally, Walleye Capital LLC bought a new position in Arrow Electronics during the 2nd quarter valued at about $475,000. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Stock Performance

ARW stock opened at $202.72 on Wednesday. The business's fifty day moving average is $212.22 and its 200-day moving average is $188.10. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The company has a market cap of $10.32 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 0.31 and a beta of 1.20. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve 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 (EPS) for the quarter, topping the consensus estimate of $4.45 by $1.00. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.The business had revenue of $9.99 billion for the quarter, compared to analyst estimates of $9.67 billion. During the same period last year, the company earned $2.43 EPS. 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. Equities research analysts forecast that Arrow Electronics, Inc. will post 20.44 EPS for the current year.

Arrow Electronics announced that its board has approved a share buyback plan on Wednesday, May 13th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ARW shares. Wall Street Zen raised Arrow Electronics from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 25th. Raymond James Financial reaffirmed an "outperform" rating and set a $250.00 price target on shares of Arrow Electronics in a report on Friday, August 7th. Truist Financial cut 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. Weiss Ratings reissued a "buy (b-)" rating on shares of Arrow Electronics in a research note on Friday. Finally, Bank of America upgraded Arrow Electronics from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $122.00 to $233.00 in a report on Wednesday, May 13th. Three investment 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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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