Measured Wealth Private Client Group LLC bought a new stake in Arrow Electronics, Inc. (NYSE:ARW – Free Report) in the 1st quarter, HoldingsChannel.com reports. The firm bought 3,521 shares of the technology company’s stock, valued at approximately $505,000.
Other hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC grew its holdings in shares of Arrow Electronics by 2.6% during the first quarter. Private Advisor Group LLC now owns 3,054 shares of the technology company’s stock worth $438,000 after purchasing an additional 78 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of Arrow Electronics by 38.9% in the first quarter. Root Financial Partners LLC now owns 282 shares of the technology company’s stock valued at $40,000 after buying an additional 79 shares during the last quarter. Krilogy Financial LLC increased its position in Arrow Electronics by 3.2% in the 1st quarter. Krilogy Financial LLC now owns 2,543 shares of the technology company’s stock valued at $365,000 after acquiring an additional 80 shares during the period. Gateway Investment Advisers LLC lifted its position in Arrow Electronics by 3.8% during the 4th quarter. Gateway Investment Advisers LLC now owns 2,276 shares of the technology company’s stock worth $251,000 after acquiring an additional 84 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Arrow Electronics by 25.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 442 shares of the technology company’s stock valued at $56,000 after purchasing an additional 89 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Arrow Electronics news, 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 completion of the transaction, the senior vice president directly owned 12,626 shares in the company, valued at approximately $2,727,216. The trade was a 19.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eric Nowak sold 3,473 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total value of $732,768.27. Following the transaction, the insider owned 48,835 shares in the company, valued at $10,303,696.65. This trade represents a 6.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company’s stock.
Arrow Electronics Stock Performance
Arrow Electronics (NYSE:ARW – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $5.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $2.30. Arrow Electronics had a return on equity of 11.40% and a net margin of 2.17%.The business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the company posted $1.80 EPS. The business’s revenue was up 39.0% on a year-over-year basis. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. Sell-side analysts expect that Arrow Electronics, Inc. will post 19.15 EPS for the current fiscal year.
Arrow Electronics announced that its Board of Directors has authorized a share repurchase program on Wednesday, May 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Bank of America raised Arrow Electronics from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $122.00 to $233.00 in a report on Wednesday, May 13th. Truist Financial lifted their price objective 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. Raymond James Financial restated an “outperform” rating and set a $220.00 price objective on shares of Arrow Electronics in a research report on Friday, May 8th. Finally, Wells Fargo & Company raised their target price on shares of Arrow Electronics from $165.00 to $175.00 and gave the stock an “underweight” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.00.
Check Out Our Latest Stock Analysis on Arrow Electronics
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.
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