Arrow Electronics, Inc. $ARW Holdings Increased by DnB Asset Management AS

Key Points

• DnB Asset Management AS increased its holdings in Arrow Electronics by 23.4%, owning approximately 1.32% of the company worth $71.13 million after acquiring nearly 130,000 additional shares.
• Arrow Electronics reported a net margin of 1.64% and a revenue of $7.58 billion for the quarter, exceeding analyst expectations, with earnings per share (EPS) of $2.43, which was notably above the consensus estimate of $2.03.
• Despite the strong earnings performance, Bank of America downgraded Arrow Electronics to an "underperform" rating and adjusted its target price to $110.00, indicating a cautious outlook from analysts.

DnB Asset Management AS increased its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 23.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 685,051 shares of the technology company's stock after buying an additional 129,986 shares during the period. DnB Asset Management AS owned about 1.32% of Arrow Electronics worth $71,129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC bought a new stake in shares of Arrow Electronics in the 1st quarter worth about $31,000. Golden State Wealth Management LLC increased its position in shares of Arrow Electronics by 111.7% in the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock worth $39,000 after purchasing an additional 200 shares during the last quarter. Quarry LP increased its position in shares of Arrow Electronics by 321.7% in the 1st quarter. Quarry LP now owns 388 shares of the technology company's stock worth $40,000 after purchasing an additional 296 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of Arrow Electronics in the 1st quarter worth about $92,000. Finally, Covestor Ltd increased its position in shares of Arrow Electronics by 14.9% in the 1st quarter. Covestor Ltd now owns 1,118 shares of the technology company's stock worth $116,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insider Transactions at Arrow Electronics

In other news, CEO Sean J. Kerins bought 8,630 shares of Arrow Electronics stock in a transaction on Friday, August 1st. The stock was purchased at an average cost of $114.91 per share, with a total value of $991,673.30. Following the purchase, the chief executive officer directly 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total transaction of $331,542.40. Following the sale, the senior vice president owned 17,057 shares in the company, valued at $2,125,984.48. This trade represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

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

Arrow Electronics Stock Performance

Shares of NYSE ARW traded up $0.70 during midday trading on Friday, hitting $127.40. The company's stock had a trading volume of 426,694 shares, compared to its average volume of 408,545. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. The firm's fifty day moving average price is $126.78 and its 200-day moving average price is $117.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.39. The firm has a market cap of $6.56 billion, a P/E ratio of 14.41, a P/E/G ratio of 0.60 and a beta of 1.09.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.03 by $0.40. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. The business had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the business posted $2.78 EPS. 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. On average, sell-side analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Arrow Electronics Company Profile

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.