Arrow Electronics, Inc. $ARW Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,039 shares of the technology company’s stock after purchasing an additional 3,218 shares during the period. Principal Financial Group Inc. owned approximately 0.22% of Arrow Electronics worth $16,354,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ARW. Bayban purchased a new stake in shares of Arrow Electronics during the 1st quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. grew its position in Arrow Electronics by 112.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock worth $27,000 after acquiring an additional 131 shares during the period. Transamerica Financial Advisors LLC acquired a new stake in Arrow Electronics during the fourth quarter worth $27,000. Advisory Services Network LLC acquired a new stake in Arrow Electronics during the third quarter worth $31,000. Finally, Quarry LP purchased a new stake in Arrow Electronics in the third quarter valued at $33,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Up 1.4%

Shares of NYSE:ARW opened at $219.21 on Thursday. The firm has a market capitalization of $11.21 billion, a PE ratio of 15.68 and a beta of 1.20. Arrow Electronics, Inc. has a 1 year low of $101.79 and a 1 year high of $237.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 1.02. The firm’s 50-day moving average is $215.46 and its two-hundred day moving average is $172.61.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $5.22 EPS for the quarter, beating the consensus estimate of $2.92 by $2.30. The business had revenue of $9.47 billion during the quarter, compared to analyst estimates of $8.39 billion. Arrow Electronics had a net margin of 2.17% and a return on equity of 11.40%. The business’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.80 earnings per share. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. Analysts predict that Arrow Electronics, Inc. will post 19.15 EPS for the current year.

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

Insider Buying and Selling at Arrow Electronics

In related news, insider Eric Nowak sold 3,473 shares of Arrow Electronics stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total value of $732,768.27. Following the completion of the transaction, the insider directly owned 48,835 shares in the company, valued at approximately $10,303,696.65. This trade represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.00, for a total value of $648,000.00. Following the transaction, the senior vice president directly owned 12,626 shares of the company’s stock, valued at $2,727,216. The trade was a 19.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ARW. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arrow Electronics in a report on Tuesday, May 26th. Bank of America raised shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $122.00 to $233.00 in a research note on Wednesday, May 13th. Truist Financial lifted their price target on shares of Arrow Electronics from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Wells Fargo & Company boosted their price target on shares of Arrow Electronics from $165.00 to $175.00 and gave the company an “underweight” rating in a research note on Monday. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $220.00 target price on shares of Arrow Electronics in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $222.00.

Arrow Electronics Profile

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.