Convergence Investment Partners LLC Makes New $2.29 Million Investment in Arrow Electronics, Inc. $ARW

Convergence Investment Partners LLC bought a new stake in Arrow Electronics, Inc. (NYSE:ARW) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,751 shares of the technology company’s stock, valued at approximately $2,294,000.

Several other hedge funds have also bought and sold shares of ARW. Bayban purchased a new stake in shares of Arrow Electronics in the 1st quarter worth approximately $26,000. Transamerica Financial Advisors LLC bought a new position in Arrow Electronics during the 4th quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Arrow Electronics by 112.0% in 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 last quarter. Evergreen Advisors LLC purchased a new position in shares of Arrow Electronics in the 1st quarter worth $36,000. Finally, Advisory Services Network LLC purchased a new stake in Arrow Electronics during the third quarter valued at $31,000. Institutional investors own 99.34% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were 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 owned 12,626 shares of the company’s stock, valued at approximately $2,727,216. This represents a 19.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Eric Nowak sold 3,473 shares of the firm’s stock in a transaction dated 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. This represents a 6.64% 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 insiders.

Arrow Electronics Trading Up 2.2%

Arrow Electronics stock opened at $213.78 on Friday. The firm has a 50 day moving average of $214.23 and a 200 day moving average of $183.84. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 0.32 and a beta of 1.20. Arrow Electronics, Inc. has a 12-month low of $101.79 and a 12-month high of $237.33. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, beating the consensus estimate of $4.45 by $1.00. The business 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 company’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, research analysts predict that Arrow Electronics, Inc. will post 20.44 earnings per share for the current year.

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

Analyst Ratings Changes

A number of research firms have issued reports on ARW. Truist Financial cut their price target on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Zacks Research cut shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Wells Fargo & Company increased their price target on shares of Arrow Electronics from $175.00 to $200.00 and gave the stock an “underweight” rating in a research report on Friday, August 7th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $250.00 price target on shares of Arrow Electronics in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.