Savvy Advisors Inc. acquired a new position in Arrow Electronics, Inc. (NYSE:ARW – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor acquired 1,649 shares of the technology company’s stock, valued at approximately $210,000.
A number of other institutional investors and hedge funds also recently modified their holdings of ARW. ACR Alpine Capital Research LLC lifted its position in shares of Arrow Electronics by 2,391.7% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 2,156,373 shares of the technology company’s stock worth $274,787,000 after buying an additional 2,069,832 shares during the last quarter. DnB Asset Management AS raised its stake in Arrow Electronics by 23.4% during the first quarter. DnB Asset Management AS now owns 685,051 shares of the technology company’s stock worth $71,129,000 after acquiring an additional 129,986 shares during the period. Northern Trust Corp raised its stake in Arrow Electronics by 6.3% during the first quarter. Northern Trust Corp now owns 672,375 shares of the technology company’s stock worth $69,813,000 after acquiring an additional 40,120 shares during the period. ARGA Investment Management LP lifted its holdings in Arrow Electronics by 94.7% in the second quarter. ARGA Investment Management LP now owns 571,645 shares of the technology company’s stock worth $72,845,000 after acquiring an additional 278,084 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Arrow Electronics by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 509,679 shares of the technology company’s stock valued at $52,920,000 after acquiring an additional 10,772 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Arrow Electronics in a research report on Wednesday, October 8th. Zacks Research raised Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Wells Fargo & Company cut their target price on Arrow Electronics from $98.00 to $94.00 and set an “underweight” rating on the stock in a research note on Friday. Finally, Wall Street Zen lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $102.00.
Arrow Electronics Stock Down 1.7%
Shares of Arrow Electronics stock opened at $111.36 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.07. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $134.74. The business’s fifty day moving average price is $122.03 and its two-hundred day moving average price is $122.09. The company has a market capitalization of $5.74 billion, a P/E ratio of 12.60, a PEG ratio of 0.55 and a beta of 1.09.
Arrow Electronics (NYSE:ARW – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.13. Arrow Electronics had a return on equity of 8.37% and a net margin of 1.64%.The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same period last year, the company earned $2.38 earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Arrow Electronics has set its Q4 2025 guidance at 3.440-3.640 EPS. As a group, research analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current year.
Arrow Electronics Profile
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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