Evolve Private Wealth LLC Takes Position in Arrow Electronics, Inc. $ARW

Key Points

• Evolve Private Wealth LLC initiated a position in Arrow Electronics during the second quarter, purchasing 15,541 shares valued at approximately $3.3 million. Institutional investors collectively own 99.34% of the company.
• Arrow Electronics reported strong quarterly results, with EPS of $5.45 beating estimates by $1.00 and revenue of $9.99 billion rising 31.8% year over year. The company issued third-quarter 2026 EPS guidance of $4.83–$5.03.
• The board authorized a $1 billion stock buyback, allowing repurchases of up to 9.7% of outstanding shares. Analysts remain mixed, with a consensus “Hold” rating and an average price target of $233.25.

Evolve Private Wealth LLC bought a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 15,541 shares of the technology company's stock, valued at approximately $3,317,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Arrow Electronics by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,122,857 shares of the technology company's stock valued at $674,616,000 after buying an additional 37,417 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Arrow Electronics in the second quarter worth about $1,070,534,000. ACR Alpine Capital Research LLC boosted its stake 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 acquiring an additional 132,720 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Arrow Electronics by 37.7% during the 3rd quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company's stock worth $384,818,000 after acquiring an additional 871,585 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Arrow Electronics by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,007,509 shares of the technology company's stock valued at $431,280,000 after acquiring an additional 11,894 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Stock Up 2.1%

ARW opened at $210.98 on Friday. The company has a market cap of $10.74 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 0.32 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. The company has a 50-day moving average price of $213.28 and a 200 day moving average price of $186.80. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $9.99 billion for the quarter, compared to analysts' expectations of $9.67 billion. During the same period in the previous year, the firm posted $2.43 EPS. Arrow Electronics'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. Sell-side 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 approved a stock buyback program on Wednesday, May 13th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 9.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

ARW has been the subject of several recent analyst reports. Bank of America upgraded Arrow Electronics from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $122.00 to $233.00 in a research note on Wednesday, May 13th. Truist Financial lowered their price target on Arrow Electronics from $260.00 to $250.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Weiss Ratings reissued a "buy (b-)" rating on shares of Arrow Electronics in a report on Tuesday, May 26th. Wells Fargo & Company boosted their price objective on Arrow Electronics from $175.00 to $200.00 and gave the company an "underweight" rating in a research report on Friday, August 7th. Finally, 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. Three 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's stock. According to data from MarketBeat.com, Arrow Electronics has a consensus rating of "Hold" and a consensus price target of $233.25.

About Arrow Electronics

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source