Tocqueville Asset Management L.P. Makes New $2.02 Million Investment in Arrow Electronics, Inc. $ARW

Key Points

• Tocqueville Asset Management purchased 9,442 Arrow Electronics shares worth approximately $2.02 million, while institutional investors collectively own 99.34% of the company.
• Arrow Electronics reported quarterly EPS of $5.45, 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.
• Analyst sentiment remains mixed, with three Buy ratings, two Holds and one Sell; the stock has an average rating of Hold and an average price target of $233.25.

Tocqueville Asset Management L.P. purchased a new position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,442 shares of the technology company's stock, valued at approximately $2,015,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Arrow Electronics by 45.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,748 shares of the technology company's stock worth $2,154,000 after buying an additional 6,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 valued at $20,763,000 after acquiring an additional 14,886 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Arrow Electronics by 68.1% in the first quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company's stock worth $37,000 after acquiring an additional 143 shares during the period. Sivia Capital Partners LLC bought a new stake in Arrow Electronics during the 2nd quarter valued at approximately $492,000. Finally, Walleye Capital LLC purchased a new position in Arrow Electronics in the 2nd quarter worth approximately $475,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Stock Performance

NYSE:ARW opened at $206.73 on Friday. The company has a market cap of $10.52 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 0.31 and a beta of 1.20. Arrow Electronics, Inc. has a 1 year low of $101.79 and a 1 year high of $237.33. The stock's 50 day simple moving average is $213.59 and its two-hundred day simple moving average is $186.63. 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 (NYSE:ARW - Get Free Report) last posted its earnings results on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $9.67 billion. During the same period in the prior year, the company earned $2.43 EPS. The company's quarterly 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. As a group, equities analysts anticipate that Arrow Electronics, Inc. will post 20.44 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

Several research firms have recently issued reports on ARW. Bank of America upgraded shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $122.00 to $233.00 in a research report on Wednesday, May 13th. Wells Fargo & Company lifted their price target 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 note on Saturday, July 25th. Zacks Research cut shares of Arrow Electronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. Finally, Truist Financial dropped 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. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Arrow Electronics has an average rating of "Hold" and an average price target of $233.25.

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.

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