Virtus Advisers LLC Makes New $726,000 Investment in Arrow Electronics, Inc. $ARW

Virtus Advisers LLC acquired a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW) in the second quarter, Holdings Channel reports. The fund acquired 3,403 shares of the technology company’s stock, valued at approximately $726,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC raised its holdings in shares of Arrow Electronics by 2.6% during the first quarter. Private Advisor Group LLC now owns 3,054 shares of the technology company’s stock valued at $438,000 after acquiring an additional 78 shares during the period. Root Financial Partners LLC boosted its stake in Arrow Electronics by 38.9% in the 1st quarter. Root Financial Partners LLC now owns 282 shares of the technology company’s stock worth $40,000 after purchasing an additional 79 shares during the period. Krilogy Financial LLC raised its stake in Arrow Electronics by 3.2% during the 1st quarter. Krilogy Financial LLC now owns 2,543 shares of the technology company’s stock valued at $365,000 after purchasing an additional 80 shares during the period. Gateway Investment Advisers LLC lifted its holdings in shares of Arrow Electronics by 3.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 2,276 shares of the technology company’s stock valued at $251,000 after purchasing an additional 84 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Arrow Electronics by 0.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 10,567 shares of the technology company’s stock valued at $2,255,000 after purchasing an additional 84 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Arrow Electronics Trading Up 0.6%

NYSE:ARW opened at $206.73 on Friday. Arrow Electronics, Inc. has a 12 month low of $101.79 and a 12 month high of $237.33. The firm has a market cap of $10.52 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 0.31 and a beta of 1.20. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $213.59 and its 200-day moving average is $186.63.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $9.67 billion. During the same period in the prior year, the firm earned $2.43 EPS. Arrow Electronics’s quarterly revenue was up 31.8% compared to the same quarter last year. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Equities analysts anticipate that Arrow Electronics, Inc. will post 20.44 EPS for the current year.

Arrow Electronics declared that its board has approved a share repurchase program on Wednesday, May 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 9.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ARW shares. 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. Zacks Research cut shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Wall Street Zen raised shares of Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Raymond James Financial restated an “outperform” rating and set a $250.00 target price on shares of Arrow Electronics in a report on Friday, August 7th. Finally, Wells Fargo & Company upped their price target on Arrow Electronics from $175.00 to $200.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. 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 stock. According to data from MarketBeat, Arrow Electronics currently has a consensus rating of “Hold” and an average target price 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.