Principal Financial Group Inc. lifted its position in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 2.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 114,039 shares of the technology company’s stock after purchasing an additional 3,218 shares during the period. Principal Financial Group Inc.’s holdings in Arrow Electronics were worth $16,354,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Bayban acquired a new stake in Arrow Electronics in the first quarter valued at $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Arrow Electronics by 112.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock valued at $27,000 after acquiring an additional 131 shares during the last quarter. Transamerica Financial Advisors LLC purchased a new position in shares of Arrow Electronics in the 4th quarter valued at about $27,000. Advisory Services Network LLC acquired a new stake in shares of Arrow Electronics during the 3rd quarter worth about $31,000. Finally, Quarry LP acquired a new stake in shares of Arrow Electronics during the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.
Insiders Place Their Bets
In related news, insider Eric Nowak sold 3,473 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total transaction of $732,768.27. Following the transaction, the insider owned 48,835 shares of the company’s stock, valued at $10,303,696.65. This trade represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $216.00, for a total value of $648,000.00. Following the completion of the transaction, the senior vice president owned 12,626 shares in the company, valued at $2,727,216. This trade represents a 19.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company’s stock.
Arrow Electronics Price Performance
Arrow Electronics (NYSE:ARW – Get Free Report) last announced its earnings results on Thursday, May 7th. The technology company reported $5.22 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $2.30. Arrow Electronics had a net margin of 2.17% and a return on equity of 11.40%. The business had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the previous year, the company posted $1.80 EPS. The company’s quarterly revenue was up 39.0% on a year-over-year basis. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. As a group, equities analysts anticipate that Arrow Electronics, Inc. will post 19.15 EPS for the current year.
Arrow Electronics declared that its board has initiated a share buyback plan on Wednesday, May 13th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 9.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on ARW shares. Bank of America raised Arrow Electronics from an “underperform” rating to a “neutral” rating and upped their price target for the company from $122.00 to $233.00 in a report on Wednesday, May 13th. Truist Financial increased their target price on shares of Arrow Electronics from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. Wells Fargo & Company boosted their price target on shares of Arrow Electronics from $165.00 to $175.00 and gave the company an “underweight” rating in a research report on Monday. Finally, Raymond James Financial restated an “outperform” rating and issued a $220.00 price objective on shares of Arrow Electronics in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $222.00.
View Our Latest Analysis on ARW
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.
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