UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Arrow Electronics, Inc. $ARW

Key Points

• UBS Asset Management reduced its Arrow Electronics position by 2.8% in the second quarter, selling 4,874 shares and retaining 171,556 shares valued at approximately $36.6 million. Institutional investors collectively own 99.34% of the company.
• Analyst sentiment remains positive overall, with Arrow Electronics carrying a “Moderate Buy” consensus rating and an average price target of $233.25, despite Wells Fargo maintaining an underweight rating.
• Arrow reported strong quarterly results, posting $5.45 in earnings per share versus the $4.45 estimate and $9.99 billion in revenue, up 31.8% year over year. The company also authorized a $1 billion share buyback, covering up to 9.7% of outstanding shares.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,556 shares of the technology company's stock after selling 4,874 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.34% of Arrow Electronics worth $36,612,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. MUFG Securities EMEA plc bought a new position in Arrow Electronics during the fourth quarter valued at $14,544,000. Intech Investment Management LLC grew its stake in Arrow Electronics by 92.3% in the 4th quarter. Intech Investment Management LLC now owns 10,042 shares of the technology company's stock valued at $1,106,000 after buying an additional 4,821 shares in the last quarter. Empowered Funds LLC raised its holdings in Arrow Electronics by 306.8% during the 1st quarter. Empowered Funds LLC now owns 36,928 shares of the technology company's stock valued at $5,296,000 after acquiring an additional 27,851 shares during the period. Atria Investments Inc lifted its position in shares of Arrow Electronics by 48.0% during the fourth quarter. Atria Investments Inc now owns 80,092 shares of the technology company's stock worth $8,825,000 after acquiring an additional 25,965 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Arrow Electronics by 307.9% during the second quarter. Assenagon Asset Management S.A. now owns 220,920 shares of the technology company's stock worth $47,147,000 after acquiring an additional 166,762 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on ARW shares. Zacks Research raised Arrow Electronics from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Bank of America raised shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $122.00 to $233.00 in a report on Wednesday, May 13th. Wells Fargo & Company increased their price objective on Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a research report on Friday, August 7th. Wall Street Zen raised shares of Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 25th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Arrow Electronics in a research report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Arrow Electronics currently has a consensus rating of "Moderate Buy" and a consensus price target of $233.25.

Arrow Electronics Stock Up 1.4%

Shares of Arrow Electronics stock opened at $211.01 on Friday. 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, Inc. has a 52-week low of $101.79 and a 52-week high of $237.33. The company's 50 day moving average price is $209.09 and its 200-day moving average price is $190.68. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 0.31 and a beta of 1.19.

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

Arrow Electronics declared that its board has initiated a stock buyback 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 shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are 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.

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