Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 42,974 shares of the technology company’s stock, valued at approximately $9,171,000. Connor Clark & Lunn Investment Management Ltd. owned 0.08% of Arrow Electronics as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of ARW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $2,154,000 after purchasing an additional 6,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Arrow Electronics by 8.0% during 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 valued at $20,763,000 after buying an additional 14,886 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Arrow Electronics by 68.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company’s stock worth $37,000 after buying an additional 143 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Arrow Electronics during the 2nd quarter worth about $492,000. Finally, Walleye Capital LLC acquired a new stake in shares of Arrow Electronics in the 2nd quarter worth approximately $475,000. Institutional investors own 99.34% of the company’s stock.
Analyst Upgrades and Downgrades
ARW has been the subject of several recent analyst reports. Wells Fargo & Company increased 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. Raymond James Financial reissued an “outperform” rating and set a $250.00 target price on shares of Arrow Electronics in a report on Friday, August 7th. Zacks Research downgraded Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Truist Financial decreased their price target on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Bank of America upgraded Arrow Electronics from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $122.00 to $233.00 in a research report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $233.25.
Arrow Electronics Price Performance
Shares of NYSE ARW opened at $207.21 on Thursday. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $237.33. 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 company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.31 and a beta of 1.20. The firm has a 50-day moving average of $211.84 and a two-hundred day moving average of $188.57.
Arrow Electronics (NYSE:ARW – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $9.67 billion. During the same quarter last year, the firm posted $2.43 EPS. The business’s revenue for the quarter 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, analysts expect that Arrow Electronics, Inc. will post 20.44 earnings per share for the current fiscal year.
Arrow Electronics declared that its board has initiated a stock 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 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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