3,111 Shares in Arrow Electronics, Inc. $ARW Bought by Sigma Planning Corp

Sigma Planning Corp acquired a new position in Arrow Electronics, Inc. (NYSE:ARW) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,111 shares of the technology company’s stock, valued at approximately $664,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ARW. BlackRock Inc. purchased a new stake in shares of Arrow Electronics during the 2nd quarter worth $1,070,534,000. Bank of America Corp DE purchased a new position in shares of Arrow Electronics in the 2nd quarter valued at about $270,981,000. ACR Alpine Capital Research LLC increased its holdings in shares of Arrow Electronics by 42.6% in the 4th quarter. ACR Alpine Capital Research LLC now owns 3,445,593 shares of the technology company’s stock valued at $379,635,000 after purchasing an additional 1,028,778 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Arrow Electronics by 37.7% in the third quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company’s stock valued at $384,818,000 after purchasing an additional 871,585 shares during the period. Finally, Brandes Investment Partners LP boosted its holdings in Arrow Electronics by 1,412.3% during the fourth quarter. Brandes Investment Partners LP now owns 409,461 shares of the technology company’s stock worth $45,115,000 after buying an additional 382,385 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Price Performance

Arrow Electronics stock opened at $205.75 on Wednesday. The firm has a market capitalization of $10.47 billion, a PE ratio of 13.15, a P/E/G ratio of 0.30 and a beta of 1.19. Arrow Electronics, Inc. has a 52 week low of $101.79 and a 52 week high of $237.33. The firm’s 50-day simple moving average is $209.77 and its 200 day simple moving average is $189.92. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29.

Arrow Electronics (NYSE:ARW) last posted its 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 firm had revenue of $9.99 billion during 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 firm’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same period last year, the firm posted $2.43 EPS. 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.

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 shares. This buyback authorization authorizes the technology company to purchase up to 9.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ARW shares. Raymond James Financial restated an “outperform” rating and set a $250.00 target price on shares of Arrow Electronics in a research report on Friday, August 7th. Zacks Research downgraded shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Wells Fargo & Company upped their price target on Arrow Electronics from $175.00 to $200.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. Wall Street Zen raised Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Finally, 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 report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $233.25.

Arrow Electronics 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.