Empowered Funds LLC Buys Shares of 98,014 Arrow Electronics, Inc. $ARW

Empowered Funds LLC bought a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW) during the 2nd quarter, Holdings Channel reports. The firm bought 98,014 shares of the technology company’s stock, valued at approximately $20,917,000.

A number of other institutional investors also recently bought and sold shares of ARW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Arrow Electronics by 45.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,748 shares of the technology company’s stock worth $2,154,000 after purchasing an additional 6,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Arrow Electronics by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,971 shares of the technology company’s stock valued at $20,763,000 after purchasing an additional 14,886 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Arrow Electronics by 68.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company’s stock valued at $37,000 after buying an additional 143 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Arrow Electronics during the second quarter valued at $492,000. Finally, Walleye Capital LLC purchased a new position in shares of Arrow Electronics in the 2nd quarter worth approximately $475,000. Institutional investors own 99.34% of the company’s stock.

Analysts Set New Price Targets

ARW has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Raymond James Financial reiterated an “outperform” rating and issued a $250.00 target price on shares of Arrow Electronics in a research note on Friday, August 7th. Wells Fargo & Company upped their price target on shares of Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Wall Street Zen upgraded Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Finally, Bank of America upgraded shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and upped their price objective for the stock 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $233.25.

Arrow Electronics Price Performance

Arrow Electronics stock opened at $208.88 on Friday. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.32 and a beta of 1.20. 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 1 year low of $101.79 and a 1 year high of $237.33. The firm has a 50 day moving average price of $211.36 and a 200 day moving average price of $188.92.

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, beating analysts’ consensus estimates of $4.45 by $1.00. The company had revenue of $9.99 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the company posted $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Sell-side analysts predict that Arrow Electronics, Inc. will post 20.44 earnings per share for the current year.

Arrow Electronics declared that its board has initiated a share repurchase plan on Wednesday, May 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

About Arrow Electronics

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.