Hsbc Holdings PLC lifted its stake in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 45.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,261 shares of the technology company’s stock after acquiring an additional 10,458 shares during the period. Hsbc Holdings PLC’s holdings in Arrow Electronics were worth $4,709,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Private Advisor Group LLC lifted its stake in shares of Arrow Electronics by 2.6% in the first quarter. Private Advisor Group LLC now owns 3,054 shares of the technology company’s stock valued at $438,000 after buying an additional 78 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Arrow Electronics by 38.9% during the first quarter. Root Financial Partners LLC now owns 282 shares of the technology company’s stock worth $40,000 after acquiring an additional 79 shares in the last quarter. Krilogy Financial LLC increased its position in shares of Arrow Electronics by 3.2% during the first quarter. Krilogy Financial LLC now owns 2,543 shares of the technology company’s stock worth $365,000 after acquiring an additional 80 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of Arrow Electronics by 3.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 2,276 shares of the technology company’s stock worth $251,000 after acquiring an additional 84 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Arrow Electronics by 25.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 442 shares of the technology company’s stock worth $56,000 after acquiring an additional 89 shares during the last quarter. 99.34% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Arrow Electronics news, insider Eric Nowak sold 3,473 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $210.99, for a total transaction 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. This trade represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.00, for a total value of $648,000.00. Following the completion of the sale, the senior vice president directly owned 12,626 shares in the company, valued at $2,727,216. This trade represents a 19.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is owned by corporate insiders.
Arrow Electronics Trading Down 1.4%
Arrow Electronics (NYSE:ARW – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $5.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $2.30. Arrow Electronics had a return on equity of 11.40% and a net margin of 2.17%.The company had revenue of $9.47 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the company earned $1.80 earnings per share. The firm’s quarterly revenue was up 39.0% on a year-over-year basis. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. As a group, analysts anticipate that Arrow Electronics, Inc. will post 19.15 earnings per share for the current year.
Arrow Electronics declared that its board has initiated a stock buyback plan 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 plans are often a sign that the company’s board believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of analysts have commented on ARW shares. Wall Street Zen raised Arrow Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday. Bank of America raised Arrow Electronics from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $122.00 to $233.00 in a research note on Wednesday, May 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Arrow Electronics in a report on Tuesday, May 26th. Truist Financial lifted their target price on Arrow Electronics from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $220.00 price target on shares of Arrow Electronics in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arrow Electronics presently has an average rating of “Moderate Buy” and a consensus target price of $222.00.
View Our Latest Research Report on Arrow Electronics
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.
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