Cullen Capital Management LLC Invests $4.48 Million in Arrow Electronics, Inc. $ARW

Key Points

• Cullen Capital Management initiated a $4.48 million position in Arrow Electronics during the second quarter, purchasing 20,980 shares. Institutional investors collectively own 99.34% of the company.
• Arrow Electronics exceeded quarterly expectations, reporting $5.45 in EPS on $9.99 billion in revenue, with revenue up 31.8% year over year. Analysts’ consensus rating is “Hold,” with an average price target of $233.25.
• The company authorized a $1 billion share-repurchase program, allowing it to buy back up to 9.7% of outstanding shares; ARW recently traded at $201.87, down 4.3%.

Cullen Capital Management LLC purchased a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,980 shares of the technology company's stock, valued at approximately $4,477,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bayban purchased a new position in Arrow Electronics in the 1st quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. raised its holdings in 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 acquiring an additional 131 shares during the period. Transamerica Financial Advisors LLC bought a new position in shares of Arrow Electronics in the fourth quarter worth $27,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Arrow Electronics in the second quarter valued at $28,000. Finally, Advisory Services Network LLC purchased a new position in shares of Arrow Electronics in the third quarter valued at $31,000. 99.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Zacks Research lowered Arrow Electronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. Bank of America upgraded Arrow Electronics from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $122.00 to $233.00 in a research note on Wednesday, May 13th. Wall Street Zen raised Arrow Electronics from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. Finally, Truist Financial lowered their price target on shares of Arrow Electronics from $260.00 to $250.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $233.25.

Arrow Electronics Stock Down 4.3%

ARW opened at $201.87 on Tuesday. The firm has a market capitalization of $10.28 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 0.32 and a beta of 1.20. Arrow Electronics, Inc. has a one year low of $101.79 and a one year high of $237.33. The company has a fifty day moving average price of $212.75 and a 200-day moving average price of $187.65. 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 issued its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) 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 the consensus estimate of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.During the same quarter last year, the business posted $2.43 earnings per share. The firm's revenue was up 31.8% compared to the same quarter last year. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Equities research analysts expect that Arrow Electronics, Inc. will post 20.44 earnings per share for the current fiscal year.

Arrow Electronics announced that its Board of Directors has authorized a share repurchase plan on Wednesday, May 13th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 9.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is 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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