Arrow Electronics, Inc. $ARW Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Raises Stake

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in Arrow Electronics, Inc. (NYSE:ARW) by 22.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,236 shares of the technology company’s stock after acquiring an additional 3,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Arrow Electronics were worth $3,913,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ARW. BlackRock Inc. bought a new stake in shares of Arrow Electronics during the second quarter valued at about $1,070,534,000. ACR Alpine Capital Research LLC lifted its holdings in shares of Arrow Electronics by 3.9% in the first quarter. ACR Alpine Capital Research LLC now owns 3,578,313 shares of the technology company’s stock valued at $513,166,000 after buying an additional 132,720 shares during the period. Dimensional Fund Advisors LP boosted 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 valued at $431,280,000 after buying an additional 11,894 shares in the last quarter. State Street Corp boosted its stake in Arrow Electronics by 0.5% during the second quarter. State Street Corp now owns 1,694,603 shares of the technology company’s stock valued at $361,645,000 after buying an additional 8,238 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in Arrow Electronics during the second quarter valued at about $270,981,000. Institutional investors own 99.34% of the company’s stock.

Insider Transactions at Arrow Electronics

In other Arrow Electronics news, SVP Carine Jean-Claude sold 1,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total transaction of $209,850.00. Following the sale, the senior vice president directly owned 11,626 shares of the company’s stock, valued at $2,439,716.10. The trade was a 7.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is currently owned by company insiders.

Arrow Electronics Stock Performance

Shares of ARW opened at $208.17 on Monday. The company has a 50-day moving average of $219.08 and a two-hundred day moving average of $190.37. The stock has a market cap of $10.60 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.31 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.01. Arrow Electronics, Inc. has a one year low of $101.79 and a one year high of $249.43.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $1.00. The business had revenue of $9.99 billion for the quarter, compared to analyst estimates 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 was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, equities research analysts expect that Arrow Electronics, Inc. will post 21.24 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on ARW shares. Weiss Ratings upgraded shares of Arrow Electronics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Raymond James Financial restated an “outperform” rating and set a $250.00 price objective on shares of Arrow Electronics in a research report on Friday, August 7th. Zacks Research lowered shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Wall Street Zen cut shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th. Finally, Truist Financial dropped their target price on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $233.25.

About Arrow Electronics

Arrow Electronics, Inc is a global distributor of electronic components and enterprise computing solutions. The company connects manufacturers of technology products with customers, including original equipment manufacturers, contract manufacturers, commercial enterprises and government organizations.

Arrow’s components business distributes products such as semiconductors, embedded systems, passive and electromechanical components, and related engineering services. Its enterprise computing solutions business provides technology products and services involving data center, cloud, security, networking and software solutions.