Arrow Electronics, Inc. $ARW Position Lessened by Denali Advisors LLC

Denali Advisors LLC lowered its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 30.3% in the second quarter, HoldingsChannel reports. The firm owned 6,334 shares of the technology company’s stock after selling 2,749 shares during the quarter. Denali Advisors LLC’s holdings in Arrow Electronics were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Arrow Electronics by 45.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,748 shares of the technology company’s stock valued at $2,154,000 after buying an additional 6,523 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Arrow Electronics by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,971 shares of the technology company’s stock worth $20,763,000 after acquiring an additional 14,886 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Arrow Electronics by 68.1% in the 1st 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 in the 2nd quarter valued at about $492,000. Finally, Walleye Capital LLC acquired a new position in Arrow Electronics during the 2nd quarter valued at about $475,000. 99.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ARW. Bank of America upgraded shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and raised their price target for the company from $122.00 to $233.00 in a research note on Wednesday, May 13th. Truist Financial decreased their price objective on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a report on Friday, August 7th. Wall Street Zen upgraded Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $250.00 price target on shares of Arrow Electronics in a research report on Friday, August 7th. Three 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, the stock currently has an average rating of “Hold” and an average price target of $233.25.

Arrow Electronics Trading Down 3.9%

Shares of NYSE:ARW opened at $205.22 on Thursday. The company has a 50 day moving average of $213.91 and a 200-day moving average of $186.11. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The firm has a market cap of $10.45 billion, a P/E ratio of 13.11, a P/E/G ratio of 0.33 and a beta of 1.20. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $237.33.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data 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 business had revenue of $9.99 billion for 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 business’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same quarter last year, the business earned $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, analysts anticipate that Arrow Electronics, Inc. will post 20.44 earnings per share for the current fiscal year.

Arrow Electronics declared that its Board of Directors has initiated a stock buyback program 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 programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $216.00, for a total transaction of $648,000.00. Following the completion of the transaction, the senior vice president owned 12,626 shares of the company’s stock, valued at $2,727,216. This trade represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.80% of the company’s stock.

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.