Pallas Capital Advisors LLC Buys Shares of 5,407 Arrow Electronics, Inc. $ARW

Pallas Capital Advisors LLC purchased a new position in shares of Arrow Electronics, Inc. (NYSE:ARW) in the second quarter, Holdings Channel reports. The fund purchased 5,407 shares of the technology company’s stock, valued at approximately $1,154,000.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Arrow Electronics by 45.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,748 shares of the technology company’s stock worth $2,154,000 after purchasing an additional 6,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Arrow Electronics by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,971 shares of the technology company’s stock valued at $20,763,000 after buying an additional 14,886 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Arrow Electronics by 68.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company’s stock worth $37,000 after buying an additional 143 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Arrow Electronics during the 2nd quarter worth about $492,000. Finally, Walleye Capital LLC acquired a new stake in shares of Arrow Electronics in the 2nd quarter worth approximately $475,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Arrow Electronics Stock Performance

NYSE:ARW opened at $213.26 on Wednesday. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $237.33. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $214.12 and a 200-day moving average of $185.60. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 0.33 and a beta of 1.20.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.67 billion. During the same period in the previous year, the firm earned $2.43 EPS. The business’s revenue for the quarter was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Analysts forecast that Arrow Electronics, Inc. will post 20.44 earnings per share for the current fiscal year.

Arrow Electronics announced that its board has authorized a stock repurchase program on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ARW. Bank of America upgraded shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $122.00 to $233.00 in a report on Wednesday, May 13th. Truist Financial dropped their target price on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. Wells Fargo & Company increased their price target on Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $233.25.

Insider Transactions at Arrow Electronics

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 3,000 shares of Arrow Electronics stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $216.00, for a total value of $648,000.00. Following the transaction, the senior vice president owned 12,626 shares in the company, valued at approximately $2,727,216. The trade was a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

Arrow Electronics Company 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.