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

A number of other hedge funds have also recently modified their holdings of the company. Greenhaven Associates Inc. grew its holdings in shares of Arrow Electronics by 0.5% in the first quarter. Greenhaven Associates Inc. now owns 1,913,757 shares of the technology company's stock valued at $198,705,000 after purchasing an additional 8,900 shares during the period. Earnest Partners LLC boosted its stake in Arrow Electronics by 5.5% during the fourth quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock worth $168,114,000 after buying an additional 77,396 shares during the period. Bank of America Corp DE boosted its stake in Arrow Electronics by 163.7% during the fourth quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company's stock worth $133,089,000 after buying an additional 730,408 shares during the period. Northern Trust Corp boosted its stake in Arrow Electronics by 15.6% during the fourth quarter. Northern Trust Corp now owns 632,255 shares of the technology company's stock worth $71,521,000 after buying an additional 85,207 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Arrow Electronics by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 509,679 shares of the technology company's stock worth $52,920,000 after buying an additional 10,772 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Arrow Electronics

In other news, CEO Sean J. Kerins bought 8,630 shares of Arrow Electronics stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average price of $114.91 per share, with a total value of $991,673.30. Following the completion of the acquisition, the chief executive officer directly owned 122,408 shares in the company, valued at $14,065,903.28. The trade was a 7.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 17,057 shares in the company, valued at approximately $2,125,984.48. This trade represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.80% of the company's stock.

Arrow Electronics Stock Up 0.7%

Shares of NYSE ARW traded up $0.86 during midday trading on Wednesday, hitting $127.87. The company's stock had a trading volume of 271,739 shares, compared to its average volume of 544,037. The business's fifty day simple moving average is $126.70 and its two-hundred day simple moving average is $116.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.07. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.61 and a beta of 1.10.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted 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. 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 quarter last year, the firm posted $2.78 earnings per share. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. On average, equities analysts predict that Arrow Electronics, Inc. will post 10.57 EPS 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.