Sigma Planning Corp raised its stake in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 129.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,127 shares of the technology company’s stock after buying an additional 4,016 shares during the quarter. Sigma Planning Corp’s holdings in Arrow Electronics were worth $1,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in Arrow Electronics by 0.5% during the second quarter. State Street Corp now owns 1,694,603 shares of the technology company’s stock valued at $361,645,000 after acquiring an additional 8,238 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Arrow Electronics by 307.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 220,920 shares of the technology company’s stock valued at $47,147,000 after acquiring an additional 166,762 shares during the last quarter. Empowered Funds LLC increased its holdings in Arrow Electronics by 306.8% in the 1st quarter. Empowered Funds LLC now owns 36,928 shares of the technology company’s stock valued at $5,296,000 after acquiring an additional 27,851 shares during the last quarter. Calamos Advisors LLC purchased a new stake in Arrow Electronics in the 2nd quarter worth $5,817,000. Finally, Quantinno Capital Management LP lifted its stake in Arrow Electronics by 287.7% in the 1st quarter. Quantinno Capital Management LP now owns 309,430 shares of the technology company’s stock worth $44,375,000 after purchasing an additional 229,612 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.
Arrow Electronics Trading Up 1.1%
Shares of ARW stock opened at $222.15 on Thursday. Arrow Electronics, Inc. has a 1 year low of $101.79 and a 1 year high of $249.43. 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’s 50 day simple moving average is $218.74 and its two-hundred day simple moving average is $189.38. The company has a market cap of $11.31 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.31 and a beta of 1.16.
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 (EPS) for the quarter, beating the consensus estimate of $4.45 by $1.00. The business had revenue of $9.99 billion during the quarter, compared to analyst estimates of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%. The company’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same period last year, the company earned $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Research analysts predict that Arrow Electronics, Inc. will post 21.24 earnings per share for the current year.
Insider Activity
In other news, SVP Carine Jean-Claude sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total value of $209,850.00. Following the completion of the sale, the senior vice president owned 11,626 shares in the company, valued at approximately $2,439,716.10. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on ARW shares. Wells Fargo & Company raised their price objective on Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a research report on Friday, August 7th. Wall Street Zen cut Arrow Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 19th. Zacks Research downgraded Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday. Raymond James Financial reissued an “outperform” rating and set a $250.00 price target on shares of Arrow Electronics in a research note on Friday, August 7th. Finally, 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. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $233.25.
View Our Latest Research Report on Arrow Electronics
Arrow Electronics Profile
Arrow Electronics, Inc is a global distributor of electronic components and enterprise computing solutions. The company connects manufacturers of technology products with customers, including original equipment manufacturers, contract manufacturers, commercial enterprises and government organizations.
Arrow’s components business distributes products such as semiconductors, embedded systems, passive and electromechanical components, and related engineering services. Its enterprise computing solutions business provides technology products and services involving data center, cloud, security, networking and software solutions.
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