Cullen Capital Management LLC Invests $4.48 Million in Arrow Electronics, Inc. $ARW

Cullen Capital Management LLC bought a new position in Arrow Electronics, Inc. (NYSE:ARW) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 20,980 shares of the technology company’s stock, valued at approximately $4,477,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bayban bought a new position in shares of Arrow Electronics during the first quarter valued at $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in Arrow Electronics by 112.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares in the last quarter. Transamerica Financial Advisors LLC purchased a new position in Arrow Electronics in the 4th quarter worth about $27,000. Keating Financial Advisory Services Inc. bought a new position in Arrow Electronics during the 2nd quarter valued at about $28,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Arrow Electronics during the 3rd quarter valued at about $31,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Trading Down 4.3%

Shares of Arrow Electronics stock opened at $201.87 on Tuesday. Arrow Electronics, Inc. has a 1-year low of $101.79 and a 1-year high of $237.33. The company’s fifty day simple moving average is $212.75 and its 200-day simple moving average is $187.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.01. The stock has a market capitalization of $10.28 billion, a PE ratio of 12.90, a P/E/G ratio of 0.32 and a beta of 1.20.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $9.67 billion. During the same period in the prior year, the business posted $2.43 EPS. Arrow Electronics’s revenue was up 31.8% on a year-over-year basis. 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 year.

Arrow Electronics declared that its board has authorized a share buyback plan on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 9.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

ARW has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. 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 report on Friday, August 7th. Wells Fargo & Company lifted their price objective on Arrow Electronics from $175.00 to $200.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. Zacks Research downgraded Arrow Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Bank of America upgraded Arrow Electronics from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $122.00 to $233.00 in a research note on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $233.25.

About Arrow Electronics

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.