Polaris Capital Management LLC Has $41.76 Million Holdings in Arrow Electronics, Inc. $ARW

Key Points

• Polaris Capital Management cut its Arrow Electronics stake by 31.7% in the second quarter, selling 90,903 shares and retaining 195,700 shares worth approximately $41.76 million. Institutional investors collectively own 99.34% of the company.
• Arrow Electronics exceeded quarterly expectations, reporting $5.45 in EPS versus the $4.45 consensus and $9.99 billion in revenue, up 31.8% year over year. The company also authorized a $1 billion share-repurchase program covering up to 9.7% of shares outstanding.
• Analyst sentiment is mixed, with three Buy, two Hold and one Sell rating; the consensus rating is Hold with a $233.25 target price, compared with a reported share price of $209.08.

Polaris Capital Management LLC lowered its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 31.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,700 shares of the technology company's stock after selling 90,903 shares during the period. Arrow Electronics accounts for about 3.9% of Polaris Capital Management LLC's holdings, making the stock its 6th biggest position. Polaris Capital Management LLC owned 0.38% of Arrow Electronics worth $41,764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Arrow Electronics by 45.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,748 shares of the technology company's stock valued at $2,154,000 after purchasing an additional 6,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Arrow Electronics by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,971 shares of the technology company's stock worth $20,763,000 after buying an additional 14,886 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Arrow Electronics by 68.1% during the first quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company's stock valued at $37,000 after buying an additional 143 shares during the period. Sivia Capital Partners LLC bought a new stake in Arrow Electronics during the second quarter valued at $492,000. Finally, Walleye Capital LLC purchased a new position in Arrow Electronics during the second quarter worth about $475,000. Institutional investors own 99.34% of the company's stock.

Insider Activity at Arrow Electronics

In other news, insider Eric Nowak sold 3,473 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $210.99, for a total value of $732,768.27. Following the completion of the sale, the insider directly owned 48,835 shares in the company, valued at approximately $10,303,696.65. The trade was a 6.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the company's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $216.00, for a total transaction of $648,000.00. Following the completion of the sale, the senior vice president directly owned 12,626 shares of the company's stock, valued at $2,727,216. This trade represents a 19.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

ARW has been the topic of several recent analyst reports. 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 report on Friday, August 7th. Raymond James Financial restated an "outperform" rating and issued a $250.00 price objective on shares of Arrow Electronics in a research report on Friday, August 7th. Zacks Research downgraded shares of Arrow Electronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company boosted their price target on shares of Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Arrow Electronics has a consensus rating of "Hold" and a consensus target price of $233.25.

Arrow Electronics Price Performance

ARW opened at $209.08 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $10.64 billion, a P/E ratio of 13.36, a PEG ratio of 0.32 and a beta of 1.20. The stock has a 50-day moving average price of $214.33 and a 200-day moving average price of $183.63. Arrow Electronics, Inc. has a 12-month low of $101.79 and a 12-month high of $237.33.

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, beating analysts' consensus estimates of $4.45 by $1.00. The company had revenue of $9.99 billion for the quarter, compared to analysts' expectations 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 period last year, the firm posted $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Equities analysts predict that Arrow Electronics, Inc. will post 20.44 earnings per share for the current fiscal year.

Arrow Electronics declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

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.

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