Te Ahumairangi Investment Management Ltd lifted its position in Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 5.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 32,548 shares of the technology company’s stock after purchasing an additional 1,571 shares during the period. Te Ahumairangi Investment Management Ltd’s holdings in Arrow Electronics were worth $4,148,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caxton Associates LLP bought a new position in shares of Arrow Electronics during the first quarter valued at about $501,000. OMNI 360 Wealth Inc. bought a new stake in shares of Arrow Electronics in the second quarter worth about $263,000. Bayforest Capital Ltd increased its holdings in Arrow Electronics by 653.1% during the 2nd quarter. Bayforest Capital Ltd now owns 6,650 shares of the technology company’s stock valued at $847,000 after purchasing an additional 5,767 shares during the period. LPL Financial LLC raised its position in Arrow Electronics by 7.8% during the 1st quarter. LPL Financial LLC now owns 34,386 shares of the technology company’s stock valued at $3,570,000 after purchasing an additional 2,475 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Arrow Electronics by 31.7% in the 1st quarter. Millennium Management LLC now owns 255,883 shares of the technology company’s stock worth $26,568,000 after buying an additional 61,657 shares during the period. 99.34% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on ARW shares. Weiss Ratings reissued a “hold (c)” rating on shares of Arrow Electronics in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price target on shares of Arrow Electronics from $98.00 to $94.00 and set an “underweight” rating on the stock in a report on Friday, October 31st. Zacks Research downgraded shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Wall Street Zen cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $102.00.
Arrow Electronics Stock Up 0.8%
NYSE:ARW opened at $106.77 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.07. The firm’s 50-day moving average price is $115.78 and its 200-day moving average price is $121.77. The company has a market capitalization of $5.50 billion, a PE ratio of 12.08, a P/E/G ratio of 0.55 and a beta of 1.10. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $134.74.
Arrow Electronics (NYSE:ARW – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.13. The company had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. Arrow Electronics’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the company posted $2.38 EPS. Arrow Electronics has set its Q4 2025 guidance at 3.440-3.640 EPS. On average, equities analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.
About Arrow Electronics
Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.
Read More
- Five stocks we like better than Arrow Electronics
- Pros And Cons Of Monthly Dividend Stocks
- History Says These are 3 Stocks to Buy for December
- Want to Profit on the Downtrend? Downtrends, Explained.
- Warner Bros. Sale Rumors Heat Up: What Investors Need to Know
- Why is the Ex-Dividend Date Significant to Investors?
- From Science Project to Solvent: WeRide’s 761% Revenue Surge
Want to see what other hedge funds are holding ARW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arrow Electronics, Inc. (NYSE:ARW – Free Report).
Receive News & Ratings for Arrow Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Electronics and related companies with MarketBeat.com's FREE daily email newsletter.
