Te Ahumairangi Investment Management Ltd bought a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,586 shares of the technology company's stock, valued at approximately $4,607,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in ARW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 acquiring an additional 6,523 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Arrow Electronics by 8.0% during 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 valued at $20,763,000 after purchasing an additional 14,886 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings 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 purchasing an additional 143 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Arrow Electronics in the second quarter valued at approximately $492,000. Finally, Walleye Capital LLC bought a new position in shares of Arrow Electronics in the second quarter valued at approximately $475,000. Institutional investors and hedge funds own 99.34% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on ARW shares. Bank of America upgraded shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and raised their target price for the company from $122.00 to $233.00 in a research note on Wednesday, May 13th. Wells Fargo & Company boosted their target price on shares of Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a research report on Friday, August 7th. Raymond James Financial restated an "outperform" rating and set a $250.00 price target on shares of Arrow Electronics in a report on Friday, August 7th. 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 research report on Friday, August 7th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $233.25.
Check Out Our Latest Analysis on Arrow Electronics
Arrow Electronics Price Performance
NYSE:ARW opened at $210.98 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.01. Arrow Electronics, Inc. has a one year low of $101.79 and a one year high of $237.33. The company has a fifty day moving average price of $213.28 and a 200 day moving average price of $187.18. The stock has a market cap of $10.74 billion, a P/E ratio of 13.48, a PEG ratio of 0.32 and a beta of 1.20.
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 (EPS) for the quarter, topping the consensus estimate of $4.45 by $1.00. The company had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $9.67 billion. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The business's revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Analysts anticipate that Arrow Electronics, Inc. will post 20.44 earnings per share for the current year.
Arrow Electronics declared that its Board of Directors has initiated a share repurchase plan on Wednesday, May 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to reacquire up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.
Arrow Electronics Profile
(
Free Report)
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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