Denali Advisors LLC Decreases Stake in Arrow Electronics, Inc. $ARW

Denali Advisors LLC cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 30.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,334 shares of the technology company’s stock after selling 2,749 shares during the period. Denali Advisors LLC’s holdings in Arrow Electronics were worth $1,352,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. NewEdge Wealth LLC purchased a new position in Arrow Electronics in the second quarter valued at about $395,000. Great Lakes Advisors LLC acquired a new stake in Arrow Electronics during the 2nd quarter valued at approximately $1,466,000. BOK Financial Private Wealth Inc. purchased a new stake in Arrow Electronics during the 2nd quarter worth approximately $47,000. Foster & Motley Inc. purchased a new stake in Arrow Electronics during the 2nd quarter worth approximately $2,900,000. Finally, Pzena Investment Management LLC acquired a new position in shares of Arrow Electronics in the 2nd quarter valued at approximately $26,712,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Price Performance

Shares of ARW opened at $205.22 on Thursday. Arrow Electronics, Inc. has a 52 week low of $101.79 and a 52 week 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 firm has a market cap of $10.45 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 0.33 and a beta of 1.20. The stock has a 50 day moving average of $213.91 and a 200-day moving average of $186.11.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $1.00. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.The business had revenue of $9.99 billion for the quarter, compared to analyst estimates of $9.67 billion. During the same period in the prior 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 forecast that Arrow Electronics, Inc. will post 20.44 EPS for the current year.

Arrow Electronics announced that its board has authorized a stock repurchase program on Wednesday, May 13th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to buy up to 9.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $216.00, for a total transaction of $648,000.00. Following the sale, the senior vice president directly owned 12,626 shares of the company’s stock, valued at approximately $2,727,216. This represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ARW has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arrow Electronics in a report on Tuesday, May 26th. Wells Fargo & Company increased their price objective on shares of Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a research note on Friday, August 7th. Raymond James Financial reissued an “outperform” rating and set a $250.00 price objective on shares of Arrow Electronics in a report on Friday, August 7th. Finally, Bank of America upgraded shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and upped their target price for the company from $122.00 to $233.00 in a research note on Wednesday, May 13th. Three investment 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.com, the company has an average rating of “Hold” and a consensus price target 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.