Hsbc Holdings PLC Sells 27,509 Shares of Arrow Electronics, Inc. $ARW

Key Points

• Hsbc Holdings PLC cut its Arrow Electronics stake by 82.7% in the second quarter, selling 27,509 shares and retaining 5,752 shares valued at approximately $1.22 million. Institutional investors collectively own 99.34% of the company.
• Arrow Electronics reported strong quarterly results, with EPS of $5.45 versus the $4.45 consensus and revenue of $9.99 billion, up 31.8% year over year. The stock was trading at $228.47, near its 12-month high of $237.33.
• Analyst sentiment remains broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $233.25, although individual targets range from $200 to $250.

Hsbc Holdings PLC decreased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 82.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,752 shares of the technology company's stock after selling 27,509 shares during the quarter. Hsbc Holdings PLC's holdings in Arrow Electronics were worth $1,219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in Arrow Electronics in the second quarter worth $1,070,534,000. ACR Alpine Capital Research LLC increased 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 valued at $513,166,000 after acquiring an additional 132,720 shares during the last quarter. AQR Capital Management LLC increased its holdings 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 valued at $384,818,000 after acquiring an additional 871,585 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Arrow Electronics by 0.4% in 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 in the last quarter. Finally, Bank of America Corp DE acquired a new stake in Arrow Electronics in the 2nd quarter worth approximately $270,981,000. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Trading Up 7.0%

Arrow Electronics stock opened at $228.47 on Friday. The business has a 50 day moving average price of $210.23 and a two-hundred day moving average price of $193.08. 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, Inc. has a 12 month low of $101.79 and a 12 month high of $237.33. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 0.33 and a beta of 1.19.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 earnings per share 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 analyst estimates of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.Arrow Electronics's revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, equities analysts forecast that Arrow Electronics, Inc. will post 21.24 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on ARW. Raymond James Financial reissued an "outperform" rating and issued a $250.00 price target on shares of Arrow Electronics in a research report on Friday, August 7th. Zacks Research raised Arrow Electronics from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 1st. Wells Fargo & Company increased 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. Wall Street Zen upgraded shares of Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 25th. Finally, Truist Financial dropped their target price on shares of Arrow Electronics from $260.00 to $250.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Arrow Electronics currently has an average rating of "Moderate Buy" and a consensus target price of $233.25.

Insiders Place Their Bets

In other Arrow Electronics news, SVP Carine Jean-Claude sold 1,000 shares of Arrow Electronics stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $209.85, for a total transaction of $209,850.00. Following the sale, the senior vice president directly owned 11,626 shares of the company's stock, valued at approximately $2,439,716.10. The trade was a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.80% of the company's stock.

Arrow Electronics Profile

Arrow Electronics, Inc is a global technology distributor that connects electronic component manufacturers with original equipment manufacturers, contract manufacturers and other commercial customers. The company supplies semiconductors, passive components, electromechanical products and related embedded technologies used in products across industries such as communications, industrial, automotive, aerospace and defense, and consumer electronics.

Through its enterprise computing solutions business, Arrow also provides information-technology products and services, including data-center and cloud solutions, software, security, storage, networking and professional services.

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.