Assenagon Asset Management S.A. Sells 25,921 Shares of Arrow Electronics, Inc. $ARW

Assenagon Asset Management S.A. reduced its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 32.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,158 shares of the technology company’s stock after selling 25,921 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Arrow Electronics were worth $7,767,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Cidel Asset Management Inc. purchased a new position in Arrow Electronics in the 1st quarter worth about $255,000. Krilogy Financial LLC boosted its position in Arrow Electronics by 3.2% in the 1st quarter. Krilogy Financial LLC now owns 2,543 shares of the technology company’s stock valued at $365,000 after buying an additional 80 shares during the period. Hsbc Holdings PLC boosted its position in Arrow Electronics by 9.5% in the 4th quarter. Hsbc Holdings PLC now owns 22,803 shares of the technology company’s stock valued at $2,536,000 after buying an additional 1,973 shares during the period. Rockefeller Capital Management L.P. grew its stake in Arrow Electronics by 6.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,554 shares of the technology company’s stock worth $171,000 after acquiring an additional 90 shares in the last quarter. Finally, Wick Capital Partners LLC purchased a new position in shares of Arrow Electronics during the fourth quarter worth approximately $729,000. 99.34% of the stock is currently owned by institutional investors.

Arrow Electronics Stock Performance

Shares of ARW stock opened at $215.14 on Monday. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of 15.39 and a beta of 1.19. Arrow Electronics, Inc. has a 52-week low of $101.79 and a 52-week high of $237.33. The company has a quick ratio of 1.02, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $209.00 and its 200 day moving average is $160.85.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, May 7th. The technology company reported $5.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $2.30. The company had revenue of $9.47 billion during the quarter, compared to analyst estimates of $8.39 billion. Arrow Electronics had a return on equity of 11.40% and a net margin of 2.17%.Arrow Electronics’s revenue was up 39.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.80 earnings per share. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. On average, sell-side analysts anticipate that Arrow Electronics, Inc. will post 19.15 EPS for the current fiscal year.

Arrow Electronics declared that its Board of Directors has initiated a share repurchase program on Wednesday, May 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 9.7% of its shares through open market purchases. Shares repurchase programs are often 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 Arrow Electronics stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $216.00, for a total value of $648,000.00. Following the transaction, the senior vice president owned 12,626 shares in the company, valued at $2,727,216. The trade was a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric Nowak sold 3,473 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was 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 $10,303,696.65. This represents a 6.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on ARW shares. Wells Fargo & Company lifted their price target on shares of Arrow Electronics from $140.00 to $165.00 and gave the company an “underweight” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. Truist Financial raised their price objective on Arrow Electronics from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Raymond James Financial reaffirmed an “outperform” rating and set a $220.00 target price on shares of Arrow Electronics in a research report on Friday, May 8th. Finally, Bank of America upgraded Arrow Electronics from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $122.00 to $233.00 in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Arrow Electronics currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.50.

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.