Evolve Private Wealth LLC bought a new position in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) in the second quarter, Holdings Channel.com reports. The fund bought 15,541 shares of the technology company’s stock, valued at approximately $3,317,000.
A number of other hedge funds have also modified their holdings of ARW. WealthShield Partners LLC purchased a new position in shares of Arrow Electronics in the second quarter worth about $213,000. Landscape Capital Management L.L.C. acquired a new position in Arrow Electronics during the second quarter worth about $255,000. EP Wealth Advisors LLC purchased a new stake in Arrow Electronics during the 2nd quarter valued at about $648,000. Rakuten Securities Inc. purchased a new stake in Arrow Electronics during the 2nd quarter valued at about $64,000. Finally, Ieq Capital LLC acquired a new stake in Arrow Electronics in the 2nd quarter valued at about $19,577,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have weighed in on ARW. Bank of America raised shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $122.00 to $233.00 in a research note on Wednesday, May 13th. Wall Street Zen raised Arrow Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. 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 research report on Friday, August 7th. Raymond James Financial reiterated an “outperform” rating and set a $250.00 price objective on shares of Arrow Electronics in a research report on Friday, August 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Arrow Electronics in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Arrow Electronics presently has an average rating of “Hold” and an average price target of $233.25.
Arrow Electronics Price Performance
Arrow Electronics stock opened at $210.98 on Friday. 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 50-day moving average price of $213.28 and a 200 day moving average price of $186.80. Arrow Electronics, Inc. has a 12-month low of $101.79 and a 12-month high of $237.33. The stock has a market cap of $10.74 billion, a P/E ratio of 13.48, a PEG ratio of 0.32 and a beta of 1.20.
Arrow Electronics (NYSE:ARW – Get Free Report) last posted its earnings results 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 for the quarter, compared to analyst estimates of $9.67 billion. During the same period in the previous 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. Sell-side analysts anticipate that Arrow Electronics, Inc. will post 20.44 earnings per share for the current year.
Arrow Electronics declared that its board has approved a share repurchase plan on Wednesday, May 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
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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