23,092 Shares in Arrow Electronics, Inc. $ARW Purchased by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in Arrow Electronics, Inc. (NYSE:ARW) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 23,092 shares of the technology company’s stock, valued at approximately $4,932,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Arrow Electronics during the 2nd quarter worth approximately $1,070,534,000. ACR Alpine Capital Research LLC increased its holdings in shares of Arrow Electronics by 42.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 3,445,593 shares of the technology company’s stock valued at $379,635,000 after purchasing an additional 1,028,778 shares during the period. AQR Capital Management LLC increased its holdings in shares of Arrow Electronics by 37.7% in the third quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company’s stock valued at $384,818,000 after purchasing an additional 871,585 shares during the period. Brandes Investment Partners LP raised its stake in shares of Arrow Electronics by 1,412.3% during the fourth quarter. Brandes Investment Partners LP now owns 409,461 shares of the technology company’s stock worth $45,115,000 after purchasing an additional 382,385 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Arrow Electronics during the second quarter worth $72,308,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Trading Up 0.1%

Shares of ARW stock opened at $204.13 on Tuesday. The business’s fifty day moving average price is $210.17 and its 200 day moving average price is $189.58. The firm has a market capitalization of $10.39 billion, a PE ratio of 13.04, a P/E/G ratio of 0.30 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.01. Arrow Electronics, Inc. has a 1-year low of $101.79 and a 1-year high of $237.33.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $1.00. The company had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.Arrow Electronics’s quarterly revenue was up 31.8% compared to the same quarter last year. During the same quarter 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, sell-side analysts forecast that Arrow Electronics, Inc. will post 21.24 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $250.00 price objective on shares of Arrow Electronics in a research report on Friday, August 7th. Truist Financial reduced their target price on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Bank of America raised shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $122.00 to $233.00 in a report on Wednesday, May 13th. Wells Fargo & Company boosted their price target on shares of Arrow Electronics from $175.00 to $200.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. Finally, Zacks Research cut shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $233.25.

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.