Arrow Electronics, Inc. (NYSE:ARW – Get Free Report) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $219.50.
ARW has been the subject of a number of research reports. Weiss Ratings reiterated 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 target price on shares of Arrow Electronics in a report on Friday, May 8th. Bank of America raised shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $122.00 to $233.00 in a research report on Wednesday, May 13th. Wells Fargo & Company increased their target price on shares of Arrow Electronics from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Friday, May 8th. Finally, Truist Financial upped their price target on Arrow Electronics from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, June 4th.
Get Our Latest Research Report on ARW
Arrow Electronics Stock Up 0.7%
Arrow Electronics (NYSE:ARW – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $5.22 EPS 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 analysts’ expectations 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 previous year, the firm earned $1.80 EPS. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. On average, equities analysts expect that Arrow Electronics will post 19.15 EPS for the current year.
Arrow Electronics announced that its Board of Directors has authorized a share buyback program on Wednesday, May 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to purchase up to 9.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is 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 shares were 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. This trade represents a 19.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric Nowak sold 3,473 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $210.99, for a total transaction of $732,768.27. Following the sale, the insider owned 48,835 shares of the company’s stock, valued at approximately $10,303,696.65. The trade was a 6.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Arrow Electronics
Large investors have recently bought and sold shares of the stock. Wedge Capital Management L L P NC purchased a new stake in shares of Arrow Electronics during the second quarter valued at approximately $72,308,000. Insight Wealth Strategies LLC bought a new position in shares of Arrow Electronics in the second quarter worth approximately $4,792,000. Hudson Value Partners LLC purchased a new position in shares of Arrow Electronics in the second quarter worth $947,000. Elevation Wealth Partners LLC increased its stake in shares of Arrow Electronics by 137.9% in the second quarter. Elevation Wealth Partners LLC now owns 276 shares of the technology company’s stock worth $59,000 after buying an additional 160 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Arrow Electronics by 307.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 220,920 shares of the technology company’s stock valued at $47,147,000 after buying an additional 166,762 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.
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.
Read More
- Five stocks we like better than Arrow Electronics
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
- MarketBeat Week in Review – 07/06 – 07/10
- AeroVironment Flies Under Wall Street’s Radar Toward a $4 Billion Target
Receive News & Ratings for Arrow Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Electronics and related companies with MarketBeat.com's FREE daily email newsletter.
