Geode Capital Management LLC Acquires 8,276 Shares of Arrow Electronics, Inc. $ARW

Geode Capital Management LLC grew its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,081,122 shares of the technology company’s stock after buying an additional 8,276 shares during the quarter. Geode Capital Management LLC’s holdings in Arrow Electronics were worth $119,928,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ARW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Arrow Electronics by 45.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,748 shares of the technology company’s stock valued at $2,154,000 after buying an additional 6,523 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Arrow Electronics by 8.0% during the first 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 last quarter. Geneos Wealth Management Inc. grew its stake in shares of Arrow Electronics by 68.1% during the first quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company’s stock valued at $37,000 after buying an additional 143 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Arrow Electronics during the second quarter valued at approximately $492,000. Finally, Walleye Capital LLC bought a new position in shares of Arrow Electronics during the second quarter valued at approximately $475,000. Institutional investors own 99.34% of the company’s stock.

Insiders Place Their Bets

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

Arrow Electronics Stock Down 2.4%

Shares of NYSE:ARW opened at $219.11 on Friday. Arrow Electronics, Inc. has a 52-week low of $101.79 and a 52-week high of $233.30. The stock has a market cap of $11.20 billion, a P/E ratio of 15.67 and a beta of 1.19. The business’s 50 day moving average is $187.02 and its 200 day moving average is $148.12. The company has a quick ratio of 1.02, a current ratio of 1.24 and a debt-to-equity ratio of 0.35.

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

Arrow Electronics announced that its Board of Directors has approved a stock repurchase plan on Wednesday, May 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to buy up to 9.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $220.00 target price on shares of Arrow Electronics in a research note on Friday, May 8th. Bank of America raised Arrow Electronics from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $122.00 to $233.00 in a research note on Wednesday, May 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. Zacks Research raised Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Truist Financial increased their price objective on Arrow Electronics from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Arrow Electronics presently has a consensus rating of “Moderate Buy” and an average target price of $219.50.

About Arrow Electronics

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.