Lecap Asset Management Ltd. Takes Position in Arrow Electronics, Inc. $ARW

Lecap Asset Management Ltd. acquired a new position in shares of Arrow Electronics, Inc. (NYSE:ARW) during the 2nd quarter, Holdings Channel reports. The firm acquired 7,906 shares of the technology company’s stock, valued at approximately $1,687,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bayban acquired a new stake in Arrow Electronics in the 1st quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. grew its holdings in Arrow Electronics by 112.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares during the period. Transamerica Financial Advisors LLC acquired a new position in Arrow Electronics during the fourth quarter worth approximately $27,000. Advisory Services Network LLC acquired a new position in Arrow Electronics during the third quarter worth approximately $31,000. Finally, Quarry LP bought a new stake in Arrow Electronics in the third quarter valued at approximately $33,000. 99.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ARW shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. Wall Street Zen raised Arrow Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Truist Financial cut their price target on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a report on Friday, August 7th. Bank of America raised shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $122.00 to $233.00 in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company upped their price objective 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. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $233.25.

Arrow Electronics Stock Up 2.2%

ARW stock opened at $213.78 on Friday. Arrow Electronics, Inc. has a fifty-two week low of $101.79 and a fifty-two week high of $237.33. 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 $10.88 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 0.32 and a beta of 1.20. The business’s fifty day moving average price is $214.23 and its two-hundred day moving average price is $183.84.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $1.00. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The company had revenue of $9.99 billion during the quarter, compared to analysts’ expectations of $9.67 billion. During the same quarter in the previous year, the business posted $2.43 earnings per share. Arrow Electronics’s quarterly 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. On average, equities 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 authorized a stock buyback plan on Wednesday, May 13th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 9.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, insider Eric Nowak sold 3,473 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $210.99, for a total transaction of $732,768.27. Following the transaction, the insider directly owned 48,835 shares of the company’s stock, valued at approximately $10,303,696.65. This trade represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of Arrow Electronics stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $216.00, for a total transaction of $648,000.00. Following the completion of the sale, the senior vice president owned 12,626 shares of the company’s stock, valued at approximately $2,727,216. The trade was a 19.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is owned by insiders.

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.