Tidal Investments LLC grew its holdings in Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 66.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,862 shares of the technology company’s stock after acquiring an additional 26,809 shares during the quarter. Tidal Investments LLC’s holdings in Arrow Electronics were worth $14,269,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of ARW. Bayban acquired a new position in Arrow Electronics during the 1st quarter valued at $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Arrow Electronics by 112.0% during the 4th 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 acquired a new position in shares of Arrow Electronics during the fourth quarter valued at about $27,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Arrow Electronics during the second quarter valued at about $28,000. Finally, Advisory Services Network LLC bought a new stake in shares of Arrow Electronics in the third quarter valued at about $31,000. Institutional investors own 99.34% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Raymond James Financial restated an “outperform” rating and set a $250.00 price target on shares of Arrow Electronics in a research note on Friday, August 7th. Truist Financial reduced their price objective on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Wells Fargo & Company lifted 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. Zacks Research upgraded Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 1st. Finally, Wall Street Zen raised Arrow Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Arrow Electronics currently has a consensus rating of “Moderate Buy” and an average target price of $233.25.
Arrow Electronics Stock Performance
Shares of NYSE:ARW opened at $228.47 on Friday. The business has a fifty day moving average of $210.23 and a 200-day moving average of $193.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.22. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $237.33. The firm has a market cap of $11.63 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 0.31 and a beta of 1.19.
Arrow Electronics (NYSE:ARW – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $1.00. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The business had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $9.67 billion. During the same quarter in the prior year, the company earned $2.43 EPS. The firm’s quarterly revenue was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, equities research analysts predict that Arrow Electronics, Inc. will post 21.24 EPS for the current fiscal year.
Insider Buying and Selling
In other news, SVP Carine Jean-Claude sold 1,000 shares of Arrow Electronics stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $209.85, for a total value of $209,850.00. Following the completion of the sale, the senior vice president directly owned 11,626 shares of the company’s stock, valued at approximately $2,439,716.10. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.
Arrow Electronics Profile
Arrow Electronics, Inc is a global technology distributor that connects electronic component manufacturers with original equipment manufacturers, contract manufacturers and other commercial customers. The company supplies semiconductors, passive components, electromechanical products and related embedded technologies used in products across industries such as communications, industrial, automotive, aerospace and defense, and consumer electronics.
Through its enterprise computing solutions business, Arrow also provides information-technology products and services, including data-center and cloud solutions, software, security, storage, networking and professional services.
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