Beverly Hills Private Wealth LLC lowered its stake in Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 9.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,388 shares of the technology company’s stock after selling 255 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Arrow Electronics were worth $304,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in ARW. Farther Finance Advisors LLC raised its holdings in shares of Arrow Electronics by 84.2% in the second quarter. Farther Finance Advisors LLC now owns 221 shares of the technology company’s stock worth $28,000 after buying an additional 101 shares during the last quarter. Operose Advisors LLC purchased a new position in shares of Arrow Electronics in the first quarter worth $31,000. Geneos Wealth Management Inc. raised its holdings in shares of Arrow Electronics by 68.1% in the first quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company’s stock worth $37,000 after buying an additional 143 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Arrow Electronics by 111.7% in the first quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company’s stock worth $39,000 after buying an additional 200 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Arrow Electronics by 321.7% in the first quarter. Quarry LP now owns 388 shares of the technology company’s stock worth $40,000 after buying an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Arrow Electronics from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Arrow Electronics in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $115.75.
Arrow Electronics Stock Up 4.7%
NYSE:ARW opened at $124.73 on Tuesday. The firm has a market capitalization of $6.42 billion, a P/E ratio of 14.11, a PEG ratio of 0.56 and a beta of 1.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.07. The company’s fifty day moving average price is $123.30 and its 200-day moving average price is $120.58. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80.
Arrow Electronics (NYSE:ARW – Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.03 by $0.40. The company had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.12 billion. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $2.78 earnings per share. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. As a group, equities research analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current year.
Insider Buying and Selling
In other news, CEO Sean J. Kerins purchased 8,630 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of $114.91 per share, for a total transaction of $991,673.30. Following the completion of the transaction, the chief executive officer owned 122,408 shares in the company, valued at $14,065,903.28. This represents a 7.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.
About Arrow Electronics
Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.
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