Arrow Electronics (NYSE:ARW) to Repurchase $1.00 billion in Outstanding Stock

Arrow Electronics (NYSE:ARWGet Free Report) declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 13th, RTT News reports. The company plans to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to purchase up to 9.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Arrow Electronics Trading Up 5.2%

Shares of ARW stock traded up $10.43 during mid-day trading on Wednesday, reaching $211.89. 800,511 shares of the stock traded hands, compared to its average volume of 753,440. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. 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 stock’s fifty day simple moving average is $161.33 and its two-hundred day simple moving average is $135.93. Arrow Electronics has a 1-year low of $101.79 and a 1-year high of $212.44.

Arrow Electronics (NYSE:ARWGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $5.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $2.30. The company had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $8.39 billion. Arrow Electronics had a return on equity of 11.40% and a net margin of 2.17%.The firm’s revenue was up 39.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.80 earnings per share. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. On average, research analysts anticipate that Arrow Electronics will post 16.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ARW. Wells Fargo & Company boosted their target price on shares of Arrow Electronics from $140.00 to $165.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Truist Financial raised their target price on shares of Arrow Electronics from $183.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Bank of America raised shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $122.00 to $233.00 in a research note on Wednesday. Finally, Weiss Ratings upgraded shares of Arrow Electronics from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arrow Electronics has an average rating of “Moderate Buy” and an average target price of $214.50.

Read Our Latest Stock Analysis on ARW

Insider Activity at Arrow Electronics

In other Arrow Electronics news, CEO William F. Austen purchased 3,960 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were bought at an average price of $151.87 per share, for a total transaction of $601,405.20. Following the completion of the acquisition, the chief executive officer owned 44,722 shares in the company, valued at approximately $6,791,930.14. This trade represents a 9.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard John Marano sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $155.32, for a total transaction of $388,300.00. Following the completion of the sale, the insider directly owned 24,096 shares in the company, valued at approximately $3,742,590.72. This represents a 9.40% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.80% of the company’s stock.

Arrow Electronics Company Profile

Get Free Report)

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.

See Also

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.