Arrow Electronics, Inc. (NYSE:ARW – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $233.67 and last traded at $232.8050, with a volume of 29180 shares trading hands. The stock had previously closed at $229.27.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arrow Electronics in a report on Tuesday, May 26th. Raymond James Financial restated an “outperform” rating and issued a $220.00 price target on shares of Arrow Electronics in a research note on Friday, May 8th. Truist Financial raised their price target on Arrow Electronics from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Wells Fargo & Company raised their price target on Arrow Electronics from $140.00 to $165.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Finally, Bank of America upgraded Arrow Electronics from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $122.00 to $233.00 in a research note on Wednesday, May 13th. One 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 assigned a Sell rating to the company. According to MarketBeat, Arrow Electronics has a consensus rating of “Moderate Buy” and an average target price of $219.50.
Check Out Our Latest Report on ARW
Arrow Electronics Stock Performance
Arrow Electronics (NYSE:ARW – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $5.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $2.30. The company had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $8.39 billion. Arrow Electronics had a net margin of 2.17% and a return on equity of 11.40%. The firm’s revenue was up 39.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.80 earnings per share. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. As a group, research analysts predict that Arrow Electronics, Inc. will post 19.15 EPS for the current fiscal year.
Arrow Electronics declared that its board has authorized a stock buyback plan on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 9.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.
Insider Buying and Selling at Arrow Electronics
In related news, SVP Carine Lamercie Jean-Claude sold 3,000 shares of Arrow Electronics stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.00, for a total transaction of $648,000.00. Following the transaction, the senior vice president directly owned 12,626 shares in the company, valued at approximately $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 accessible through the SEC website. Also, insider Eric Nowak sold 3,473 shares of Arrow Electronics stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $210.99, for a total value of $732,768.27. Following the transaction, the insider owned 48,835 shares in the company, valued at $10,303,696.65. This trade represents a 6.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Arrow Electronics
Institutional investors and hedge funds have recently bought and sold shares of the stock. ACR Alpine Capital Research LLC lifted its holdings in Arrow Electronics by 42.6% during the fourth quarter. ACR Alpine Capital Research LLC now owns 3,445,593 shares of the technology company’s stock valued at $379,635,000 after purchasing an additional 1,028,778 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Arrow Electronics by 37.7% during the third quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company’s stock valued at $384,818,000 after purchasing an additional 871,585 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in Arrow Electronics by 1,412.3% during the fourth quarter. Brandes Investment Partners LP now owns 409,461 shares of the technology company’s stock valued at $45,115,000 after purchasing an additional 382,385 shares in the last quarter. FIL Ltd lifted its holdings in Arrow Electronics by 33.8% during the fourth quarter. FIL Ltd now owns 1,231,833 shares of the technology company’s stock valued at $135,723,000 after purchasing an additional 310,936 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in Arrow Electronics during the fourth quarter valued at approximately $29,255,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
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.
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