Perigon Wealth Management LLC Purchases Shares of 7,119 Arrow Electronics, Inc. $ARW

Perigon Wealth Management LLC purchased a new position in Arrow Electronics, Inc. (NYSE:ARW) during the 2nd quarter, Holdings Channel reports. The firm purchased 7,119 shares of the technology company’s stock, valued at approximately $1,519,000.

Several other institutional investors also recently modified their holdings of ARW. Bayban acquired a new position in shares of Arrow Electronics in the first quarter valued at $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in Arrow Electronics by 112.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock valued at $27,000 after buying an additional 131 shares during the period. Transamerica Financial Advisors LLC acquired a new position in shares of Arrow Electronics in the 4th quarter valued at $27,000. Advisory Services Network LLC bought a new position in shares of Arrow Electronics during the 3rd quarter worth about $31,000. Finally, Quarry LP acquired a new stake in shares of Arrow Electronics during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Buying and Selling

In related news, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the firm’s 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 completion of the sale, the senior vice president directly owned 12,626 shares of the company’s stock, valued at $2,727,216. This trade represents a 19.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eric Nowak sold 3,473 shares of Arrow Electronics stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $210.99, for a total value of $732,768.27. Following the completion of the transaction, the insider owned 48,835 shares of the company’s stock, valued at approximately $10,303,696.65. The trade was a 6.64% decrease in their position. The SEC filing for this sale provides additional information. 0.80% of the stock is owned by corporate insiders.

Arrow Electronics Price Performance

NYSE:ARW opened at $220.60 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The firm has a market cap of $11.23 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 0.33 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’s 50-day moving average price is $214.24 and its two-hundred day moving average price is $185.00.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 earnings per share 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 company had revenue of $9.99 billion during the quarter, compared to analyst estimates of $9.67 billion. During the same quarter last year, the business posted $2.43 earnings per share. The company’s 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 analysts anticipate that Arrow Electronics, Inc. will post 20.44 EPS for the current fiscal year.

Arrow Electronics declared that its Board of Directors has initiated a stock buyback 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 stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating and issued a $250.00 price target on shares of Arrow Electronics in a research report on Friday, August 7th. Wells Fargo & Company lifted their price objective on Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Zacks Research downgraded Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. Finally, Bank of America upgraded Arrow Electronics from an “underperform” rating to a “neutral” rating and upped their price target for the company from $122.00 to $233.00 in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.