SMART Wealth LLC Purchases Shares of 10,079 Arrow Electronics, Inc. $ARW

Key Points

• SMART Wealth LLC acquired 10,079 Arrow Electronics shares worth approximately $2.15 million in the second quarter. Institutional investors collectively own 99.34% of the company, including new stakes from BlackRock and Bank of America.
• Analysts maintain a generally positive outlook, with Arrow receiving a consensus “Moderate Buy” rating and an average price target of $233.25. Recent targets range from $200 to $250.
• Arrow reported quarterly earnings of $5.45 per share, beating estimates by $1.00, while revenue rose 31.8% year over year to $9.99 billion. The company also authorized a $1 billion share repurchase program, covering up to 9.7% of outstanding shares.

SMART Wealth LLC acquired a new position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,079 shares of the technology company's stock, valued at approximately $2,151,000.

A number of other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Arrow Electronics during the 2nd quarter worth approximately $1,070,534,000. ACR Alpine Capital Research LLC grew its holdings in Arrow Electronics by 3.9% in 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 buying an additional 132,720 shares in the last quarter. AQR Capital Management LLC increased its position in 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 worth $384,818,000 after buying an additional 871,585 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Arrow Electronics by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,007,509 shares of the technology company's stock worth $431,280,000 after buying an additional 11,894 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Arrow Electronics during the second quarter worth $270,981,000. Institutional investors own 99.34% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on ARW. Bank of America upgraded shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and upped their price target for the company from $122.00 to $233.00 in a research note on Wednesday, May 13th. Wells Fargo & Company boosted their price objective on shares of Arrow Electronics from $175.00 to $200.00 and gave the company an "underweight" rating in a 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 report on Saturday, July 25th. Raymond James Financial reaffirmed an "outperform" rating and set a $250.00 target price on shares of Arrow Electronics in a report on Friday, August 7th. Finally, Truist Financial dropped their price target on shares of Arrow Electronics from $260.00 to $250.00 and set a "buy" rating for the company in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Arrow Electronics presently has a consensus rating of "Moderate Buy" and an average price target of $233.25.

Insider Activity

In related news, SVP Carine Jean-Claude sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total transaction of $209,850.00. Following the sale, the senior vice president owned 11,626 shares in the company, valued at approximately $2,439,716.10. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.80% of the company's stock.

Arrow Electronics Stock Up 2.6%

Shares of NYSE ARW opened at $216.34 on Friday. The stock has a market capitalization of $11.01 billion, a P/E ratio of 13.82, a PEG ratio of 0.31 and a beta of 1.19. The stock's fifty day moving average is $209.12 and its 200 day moving average is $190.86. Arrow Electronics, Inc. has a 52 week low of $101.79 and a 52 week high of $237.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.22.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted 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. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The business had revenue of $9.99 billion during the quarter, compared to analysts' expectations of $9.67 billion. During the same quarter in the prior year, the business posted $2.43 earnings per share. Arrow Electronics's revenue was up 31.8% compared to the same quarter last year. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Sell-side analysts forecast that Arrow Electronics, Inc. will post 21.24 earnings per share for the current fiscal year.

Arrow Electronics announced that its Board of Directors has authorized a share buyback plan on Wednesday, May 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 9.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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