BlackRock Inc. Purchases Shares of 5,016,324 Arrow Electronics, Inc. $ARW

BlackRock Inc. acquired a new position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,016,324 shares of the technology company's stock, valued at approximately $1,070,534,000. BlackRock Inc. owned 9.81% of Arrow Electronics at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Arrow Electronics by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,122,857 shares of the technology company's stock worth $674,616,000 after acquiring an additional 37,417 shares during the period. ACR Alpine Capital Research LLC boosted its holdings in shares of Arrow Electronics by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 3,578,313 shares of the technology company's stock worth $513,166,000 after purchasing an additional 132,720 shares during the last quarter. AQR Capital Management LLC grew its holdings in Arrow Electronics by 37.7% in the 3rd quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company's stock valued at $384,818,000 after buying an additional 871,585 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Arrow Electronics by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,007,509 shares of the technology company's stock valued at $431,280,000 after purchasing an additional 11,894 shares during the period. Finally, FIL Ltd increased its position in Arrow Electronics by 33.8% during the fourth quarter. FIL Ltd now owns 1,231,833 shares of the technology company's stock worth $135,723,000 after purchasing an additional 310,936 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their price target on Arrow Electronics from $175.00 to $200.00 and gave the company an "underweight" rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. Raymond James Financial reaffirmed an "outperform" rating and set a $250.00 target price on shares of Arrow Electronics in a research note on Friday, August 7th. Bank of America raised shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $122.00 to $233.00 in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of Arrow Electronics from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 25th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Arrow Electronics presently has a consensus rating of "Hold" and an average target price of $233.25.

Arrow Electronics Stock Performance

NYSE:ARW opened at $210.98 on Friday. The firm's fifty day moving average price is $213.28 and its 200 day moving average price is $186.80. Arrow Electronics, Inc. has a 1-year low of $101.79 and a 1-year high of $237.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.01. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 0.32 and a beta of 1.20.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its 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. 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%.The firm's quarterly revenue was up 31.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, sell-side analysts expect that Arrow Electronics, Inc. will post 20.44 EPS for the current year.

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

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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