Envestnet Asset Management Inc. Acquires 303,942 Shares of Arrow Electronics, Inc. $ARW

Envestnet Asset Management Inc. boosted its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 197.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 458,036 shares of the technology company’s stock after acquiring an additional 303,942 shares during the period. Envestnet Asset Management Inc.’s holdings in Arrow Electronics were worth $55,422,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ARW. ACR Alpine Capital Research LLC grew its position in Arrow Electronics by 12.1% in the 3rd quarter. ACR Alpine Capital Research LLC now owns 2,416,815 shares of the technology company’s stock worth $292,435,000 after purchasing an additional 260,442 shares in the last quarter. Creative Planning increased its position in Arrow Electronics by 77.0% in the second quarter. Creative Planning now owns 15,080 shares of the technology company’s stock worth $1,922,000 after buying an additional 6,558 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Arrow Electronics by 19.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 41,195 shares of the technology company’s stock worth $4,984,000 after acquiring an additional 6,808 shares during the last quarter. Bayforest Capital Ltd raised its position in shares of Arrow Electronics by 653.1% in the second quarter. Bayforest Capital Ltd now owns 6,650 shares of the technology company’s stock valued at $847,000 after purchasing an additional 5,767 shares during the period. Finally, XTX Topco Ltd raised its holdings in Arrow Electronics by 278.4% during the 2nd quarter. XTX Topco Ltd now owns 11,690 shares of the technology company’s stock valued at $1,490,000 after acquiring an additional 8,601 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARW has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of Arrow Electronics from $94.00 to $115.00 and gave the stock an “underweight” rating in a research note on Friday. Zacks Research lowered Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Truist Financial upped their price target on shares of Arrow Electronics from $120.00 to $148.00 and gave the company a “hold” rating in a report on Friday. Finally, Wall Street Zen upgraded Arrow Electronics from a “hold” rating to a “buy” rating in a report on Saturday. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $124.33.

Arrow Electronics Stock Performance

Shares of ARW opened at $158.08 on Tuesday. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $160.63. The stock has a market cap of $8.14 billion, a P/E ratio of 14.45, a P/E/G ratio of 1.24 and a beta of 1.04. The business’s 50 day moving average price is $118.71 and its 200-day moving average price is $119.01. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 0.46.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, February 5th. The technology company reported $4.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.55 by $0.84. The firm had revenue of $8.75 billion during the quarter, compared to analyst estimates of $8.16 billion. Arrow Electronics had a return on equity of 9.01% and a net margin of 1.85%.Arrow Electronics’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.97 EPS. Arrow Electronics has set its Q1 2026 guidance at 2.130-2.330 EPS. Equities research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Arrow Electronics 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.