Principle Wealth Partners LLC Takes $1.05 Million Position in Arrow Electronics, Inc. $ARW

Principle Wealth Partners LLC acquired a new stake in Arrow Electronics, Inc. (NYSE:ARW) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 4,905 shares of the technology company’s stock, valued at approximately $1,047,000.

Several other hedge funds have also added to or reduced their stakes in the business. Bayban acquired a new position in Arrow Electronics in the first quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Arrow Electronics by 112.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares during the period. Transamerica Financial Advisors LLC bought a new position in shares of Arrow Electronics during the 4th quarter valued at about $27,000. Advisory Services Network LLC acquired a new position in shares of Arrow Electronics in the 3rd quarter valued at approximately $31,000. Finally, Quarry LP acquired a new position in shares of Arrow Electronics in the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insiders Place Their Bets

In other Arrow Electronics news, insider Eric Nowak sold 3,473 shares of Arrow Electronics 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 directly owned 48,835 shares in the company, valued at approximately $10,303,696.65. The trade was a 6.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $216.00, for a total transaction of $648,000.00. Following the sale, the senior vice president directly owned 12,626 shares in the company, valued at $2,727,216. This trade represents a 19.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.80% of the stock is currently owned by company insiders.

Arrow Electronics Trading Up 3.1%

NYSE:ARW opened at $220.60 on Tuesday. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $237.33. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $214.24 and a two-hundred day moving average price of $185.00. The company has a market cap of $11.23 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 0.33 and a beta of 1.20.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $1.00. The company had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $9.67 billion. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The firm’s revenue was up 31.8% compared to the same quarter last year. During the same period last year, the company earned $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, analysts expect that Arrow Electronics, Inc. will post 20.44 EPS for the current fiscal year.

Arrow Electronics declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to purchase up to 9.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Arrow Electronics in a research note on Friday, August 7th. Truist Financial lowered their price objective on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Zacks Research lowered shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Bank of America raised shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $122.00 to $233.00 in a research report on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $233.25.

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.