Tocqueville Asset Management L.P. Takes $2.02 Million Position in Arrow Electronics, Inc. $ARW

Tocqueville Asset Management L.P. bought a new position in Arrow Electronics, Inc. (NYSE:ARW) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 9,442 shares of the technology company’s stock, valued at approximately $2,015,000.

Several other large investors have also recently modified their holdings of the stock. West Family Investments Inc. bought a new position in shares of Arrow Electronics during the 2nd quarter valued at approximately $351,000. NewEdge Wealth LLC bought a new stake in Arrow Electronics in the second quarter worth $395,000. Great Lakes Advisors LLC purchased a new position in Arrow Electronics during the second quarter worth $1,466,000. BOK Financial Private Wealth Inc. purchased a new position in Arrow Electronics during the second quarter worth $47,000. Finally, Foster & Motley Inc. bought a new position in Arrow Electronics during the second quarter valued at $2,900,000. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Performance

ARW stock 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 firm has a market cap 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 business’s fifty day simple moving average is $213.59 and its two-hundred day simple moving average is $186.63. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29.

Arrow Electronics (NYSE:ARW) last issued its 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 firm had revenue of $9.99 billion during 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 business’s revenue was up 31.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Analysts predict that Arrow Electronics, Inc. will post 20.44 earnings per share for the current year.

Arrow Electronics declared that its Board of Directors has approved 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 generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Wells Fargo & Company lifted their price target on shares of Arrow Electronics from $175.00 to $200.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. Bank of America upgraded shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and upped their price target for the company from $122.00 to $233.00 in a report on Wednesday, May 13th. Raymond James Financial reissued an “outperform” rating and issued a $250.00 price objective on shares of Arrow Electronics in a research report on Friday, August 7th. Finally, Wall Street Zen raised shares of Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $233.25.

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.