Virtus Advisers LLC Takes $726,000 Position in Arrow Electronics, Inc. $ARW

Virtus Advisers LLC purchased a new position in Arrow Electronics, Inc. (NYSE:ARW) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,403 shares of the technology company’s stock, valued at approximately $726,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARW. Vanguard Group Inc. lifted its holdings in Arrow Electronics by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 6,122,857 shares of the technology company’s stock worth $674,616,000 after buying an additional 37,417 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Arrow Electronics in the 2nd quarter valued at approximately $1,070,534,000. ACR Alpine Capital Research LLC raised its position in shares of Arrow Electronics by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 3,578,313 shares of the technology company’s stock valued at $513,166,000 after acquiring an additional 132,720 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Arrow Electronics by 37.7% during the 3rd quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company’s stock valued at $384,818,000 after acquiring an additional 871,585 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Arrow Electronics by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,007,509 shares of the technology company’s stock worth $431,280,000 after purchasing an additional 11,894 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Arrow Electronics Price Performance

Shares of NYSE ARW opened at $206.73 on Friday. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $237.33. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 0.31 and a beta of 1.20. The firm has a 50-day moving average of $213.59 and a two-hundred day moving average of $186.63.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data 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 company had revenue of $9.99 billion for the quarter, compared to analysts’ expectations of $9.67 billion. During the same quarter in the previous year, the company posted $2.43 EPS. The business’s revenue was up 31.8% compared to the same quarter last year. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, analysts expect that Arrow Electronics, Inc. will post 20.44 earnings per share for the current fiscal year.

Arrow Electronics declared that its Board of Directors has initiated a share buyback program on Wednesday, May 13th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Truist Financial reduced their price target 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. Raymond James Financial reiterated an “outperform” rating and issued a $250.00 price objective on shares of Arrow Electronics in a report on Friday, August 7th. Zacks Research cut Arrow Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Bank of America upgraded Arrow Electronics from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $122.00 to $233.00 in a research report on Wednesday, May 13th. Three research 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. According to MarketBeat.com, Arrow Electronics currently has a consensus rating of “Hold” and an average target price of $233.25.

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.