Walleye Capital LLC Acquires 122,245 Shares of Arrow Electronics, Inc. $ARW

Walleye Capital LLC boosted its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 1,607.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 129,849 shares of the technology company’s stock after buying an additional 122,245 shares during the quarter. Walleye Capital LLC’s holdings in Arrow Electronics were worth $18,622,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bayban bought a new stake in shares of Arrow Electronics during the first quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Arrow Electronics by 112.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares during the period. Transamerica Financial Advisors LLC purchased a new position in Arrow Electronics during the 4th quarter valued at about $27,000. Advisory Services Network LLC bought a new position in Arrow Electronics in the third quarter worth approximately $31,000. Finally, Quarry LP acquired a new stake in Arrow Electronics in the third quarter valued at approximately $33,000. 99.34% of the stock is currently owned by institutional investors.

Insider Transactions at Arrow Electronics

In other Arrow Electronics news, insider Eric Nowak sold 3,473 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total transaction of $732,768.27. Following the sale, the insider owned 48,835 shares in the company, valued at $10,303,696.65. This represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 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. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

ARW has been the subject of a number of research analyst reports. Truist Financial increased their target price on Arrow Electronics from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Bank of America raised shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $122.00 to $233.00 in a report on Wednesday, May 13th. Wells Fargo & Company increased their price objective on Arrow Electronics from $165.00 to $175.00 and gave the company an “underweight” rating in a report on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. Finally, Raymond James Financial restated an “outperform” rating and issued a $220.00 price objective on shares of Arrow Electronics in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $222.00.

Arrow Electronics Stock Performance

Arrow Electronics stock opened at $219.21 on Thursday. The firm has a market capitalization of $11.21 billion, a P/E ratio of 15.68 and a beta of 1.20. The stock has a fifty day moving average price of $215.46 and a 200 day moving average price of $172.61. Arrow Electronics, Inc. has a 52 week low of $101.79 and a 52 week high of $237.33. The company has a current ratio of 1.24, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35.

Arrow Electronics (NYSE:ARW) last issued its earnings results on Thursday, May 7th. The technology company reported $5.22 earnings per share for the quarter, topping the consensus estimate of $2.92 by $2.30. The business had revenue of $9.47 billion for 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%.The business’s quarterly revenue was up 39.0% on a year-over-year basis. During the same period last year, the company posted $1.80 EPS. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. Equities research analysts anticipate that Arrow Electronics, Inc. will post 19.15 earnings per share for the current 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 repurchase up to 9.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.