Nuveen LLC Takes $11.63 Million Position in Arrow Electronics, Inc. $ARW

Key Points

• Nuveen LLC acquired a new stake in Arrow Electronics, purchasing 112,051 shares worth approximately $11.6 million, representing 0.22% ownership of the company at the end of the last quarter.
• Arrow Electronics reported $2.43 earnings per share for the last quarter, exceeding expectations by $0.40, with revenue reaching $7.58 billion, a 10% increase year-over-year.
• Wall Street analysts have varying opinions on Arrow Electronics, with one upgrade to a "buy" rating and an average price target of $115.75, while institutional investors hold 99.34% of the company's stock.

Nuveen LLC bought a new position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 112,051 shares of the technology company's stock, valued at approximately $11,634,000. Nuveen LLC owned approximately 0.22% of Arrow Electronics as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its holdings in shares of Arrow Electronics by 111.7% during the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock worth $39,000 after acquiring an additional 200 shares during the period. Covestor Ltd lifted its holdings in shares of Arrow Electronics by 14.9% during the 1st quarter. Covestor Ltd now owns 1,118 shares of the technology company's stock worth $116,000 after acquiring an additional 145 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of Arrow Electronics during the 1st quarter worth approximately $120,000. Lindbrook Capital LLC lifted its holdings in shares of Arrow Electronics by 300.5% during the 1st quarter. Lindbrook Capital LLC now owns 1,550 shares of the technology company's stock worth $161,000 after acquiring an additional 1,163 shares during the period. Finally, Simon Quick Advisors LLC bought a new stake in shares of Arrow Electronics during the 1st quarter worth approximately $203,000. Institutional investors own 99.34% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Bank of America upped their price target on shares of Arrow Electronics from $105.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, June 9th. Wall Street Zen raised shares of Arrow Electronics from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $115.75.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CEO Sean J. Kerins purchased 8,630 shares of the company's stock in a transaction dated Friday, August 1st. The stock was purchased at an average price of $114.91 per share, with a total value of $991,673.30. Following the completion of the purchase, the chief executive officer owned 122,408 shares of the company's stock, valued at approximately $14,065,903.28. The trade was a 7.58% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total transaction of $331,542.40. Following the transaction, the senior vice president directly owned 17,057 shares of the company's stock, valued at $2,125,984.48. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Price Performance

NYSE:ARW traded down $0.86 on Thursday, hitting $126.93. The company had a trading volume of 367,656 shares, compared to its average volume of 548,144. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 0.61 and a beta of 1.10. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $126.86 and a two-hundred day moving average of $116.35. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.03 by $0.40. The business had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.12 billion. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. The firm's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.78 EPS. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. On average, research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

About Arrow Electronics

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.