Ieq Capital LLC Purchases New Position in Arrow Electronics, Inc. $ARW

Key Points

• Ieq Capital LLC purchased 91,735 Arrow Electronics shares worth approximately $19.6 million, giving it a 0.18% stake. Institutional investors collectively own 99.34% of the company.
• Arrow Electronics reported quarterly EPS of $5.45, beating estimates by $1.00, while revenue rose 31.8% year over year to $9.99 billion. The company guided for third-quarter EPS of $4.83–$5.03.
• The board authorized a $1 billion share-repurchase program, covering up to 9.7% of outstanding shares. Analysts’ consensus rating is “Hold,” with an average price target of $233.25.

Ieq Capital LLC purchased a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 91,735 shares of the technology company's stock, valued at approximately $19,577,000. Ieq Capital LLC owned about 0.18% of Arrow Electronics at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Arrow Electronics in the 2nd quarter worth approximately $1,070,534,000. ACR Alpine Capital Research LLC lifted its stake in Arrow Electronics by 42.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 3,445,593 shares of the technology company's stock worth $379,635,000 after acquiring an additional 1,028,778 shares during the period. AQR Capital Management LLC boosted its holdings in Arrow Electronics by 37.7% in the third 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 in the last quarter. Brandes Investment Partners LP boosted its holdings in Arrow Electronics by 1,412.3% in the fourth quarter. Brandes Investment Partners LP now owns 409,461 shares of the technology company's stock valued at $45,115,000 after acquiring an additional 382,385 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in Arrow Electronics during the 2nd quarter valued at $72,308,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Stock Up 2.1%

NYSE:ARW opened at $210.98 on Friday. 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's 50-day moving average price is $213.28 and its 200-day moving average price is $186.80. The company has a market capitalization of $10.74 billion, a PE ratio of 13.48, a P/E/G ratio of 0.32 and a beta of 1.20. Arrow Electronics, Inc. has a 1-year low of $101.79 and a 1-year high of $237.33.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.45 by $1.00. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The company had revenue of $9.99 billion during the quarter, compared to analysts' expectations of $9.67 billion. During the same period last year, the company posted $2.43 EPS. Arrow Electronics's revenue was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, equities analysts predict that Arrow Electronics, Inc. will post 20.44 EPS for the current fiscal year.

Arrow Electronics announced that its board has authorized a stock repurchase program on Wednesday, May 13th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 9.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ARW shares. Wells Fargo & Company raised their target price on shares of Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a research report on Friday, August 7th. Weiss Ratings restated a "buy (b-)" rating on shares of Arrow Electronics in a report on Tuesday, May 26th. Bank of America raised Arrow Electronics from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $122.00 to $233.00 in a research report on Wednesday, May 13th. Zacks Research lowered Arrow Electronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 3rd. Finally, Raymond James Financial restated an "outperform" rating and issued a $250.00 target price on shares of Arrow Electronics in a research note on Friday, August 7th. 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. Based on data from MarketBeat, Arrow Electronics presently has an average rating of "Hold" and an average price target of $233.25.

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.

Want to see what other hedge funds are holding ARW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arrow Electronics, Inc. (NYSE:ARW - Free Report).

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