State Street Corp Grows Stock Holdings in Arrow Electronics, Inc. $ARW

Key Points

• Institutional ownership increased: State Street raised its Arrow Electronics stake by 0.5% to 1.69 million shares, while total institutional ownership reached 99.34%.
• Strong quarterly results: Arrow reported adjusted EPS of $5.45, beating estimates by $1.00, and revenue of $9.99 billion, up 31.8% year over year. The company guided for third-quarter EPS of $4.83–$5.03.
• Analyst sentiment remains positive: Arrow has a consensus “Moderate Buy” rating and an average price target of $233.25, close to its reported trading price of $227.02.

State Street Corp lifted its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 0.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,694,603 shares of the technology company's stock after purchasing an additional 8,238 shares during the quarter. State Street Corp owned 3.33% of Arrow Electronics worth $361,645,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Arrow Electronics in the 2nd quarter worth approximately $1,070,534,000. Bank of America Corp DE purchased a new stake in shares of Arrow Electronics in the 2nd quarter valued at $270,981,000. Brandes Investment Partners LP grew its holdings in shares of Arrow Electronics by 1,412.3% during the 4th quarter. Brandes Investment Partners LP now owns 409,461 shares of the technology company's stock valued at $45,115,000 after purchasing an additional 382,385 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Arrow Electronics during the second quarter valued at about $72,308,000. Finally, Bank of New York Mellon Corp bought a new position in Arrow Electronics during the 2nd quarter worth approximately $71,338,000. 99.34% of the stock is currently owned by institutional investors.

Arrow Electronics Trading Up 2.3%

NYSE:ARW opened at $227.02 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. Arrow Electronics, Inc. has a 12 month low of $101.79 and a 12 month high of $237.33. The company has a market cap of $11.56 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 0.33 and a beta of 1.19. The company has a 50 day simple moving average of $212.71 and a two-hundred day simple moving average of $197.12.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, beating the consensus estimate of $4.45 by $1.00. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.The firm had revenue of $9.99 billion for the quarter, compared to analysts' expectations of $9.67 billion. During the same period in the prior year, the firm earned $2.43 EPS. The company'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. Research analysts forecast that Arrow Electronics, Inc. will post 21.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

ARW has been the topic of a number of recent analyst reports. Raymond James Financial reissued an "outperform" rating and issued a $250.00 price target on shares of Arrow Electronics in a report on Friday, August 7th. Zacks Research raised Arrow Electronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 1st. Wall Street Zen downgraded Arrow Electronics from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 19th. Wells Fargo & Company upped their target price on Arrow Electronics from $175.00 to $200.00 and gave the company an "underweight" rating in a report on Friday, August 7th. Finally, Truist Financial lowered their price objective on shares of Arrow Electronics from $260.00 to $250.00 and set a "buy" rating for the company in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $233.25.

Insider Transactions at Arrow Electronics

In other Arrow Electronics news, SVP Carine Jean-Claude sold 1,000 shares of the business's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $209.85, for a total transaction of $209,850.00. Following the completion of the sale, the senior vice president directly owned 11,626 shares in the company, valued at $2,439,716.10. The trade was a 7.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.80% of the company's stock.

About Arrow Electronics

Arrow Electronics, Inc is a global technology distributor that connects electronic component manufacturers with original equipment manufacturers, contract manufacturers and other commercial customers. The company supplies semiconductors, passive components, electromechanical products and related embedded technologies used in products across industries such as communications, industrial, automotive, aerospace and defense, and consumer electronics.

Through its enterprise computing solutions business, Arrow also provides information-technology products and services, including data-center and cloud solutions, software, security, storage, networking and professional services.

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