Arrow Electronics (NYSE:ARW) Sets New 52-Week High – Time to Buy?

Arrow Electronics, Inc. (NYSE:ARWGet Free Report)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $206.07 and last traded at $202.9170, with a volume of 757758 shares trading hands. The stock had previously closed at $194.95.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on ARW

Arrow Electronics Trading Up 5.2%

The firm has a market cap of $10.83 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.82 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 1.24. The firm has a fifty day moving average of $161.33 and a 200-day moving average of $135.93.

Arrow Electronics (NYSE:ARWGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $5.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $2.30. The business had revenue of $9.47 billion for 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 business’s revenue was up 39.0% on a year-over-year basis. During the same quarter last year, the business posted $1.80 EPS. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. Equities research analysts forecast that Arrow Electronics, Inc. will post 16.26 earnings per share for the current year.

Arrow Electronics declared that its board has approved a stock repurchase program on Wednesday, May 13th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to buy up to 9.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity

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

Institutional Investors Weigh In On Arrow Electronics

A number of hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC raised its holdings in shares of Arrow Electronics by 2.6% during the first quarter. Private Advisor Group LLC now owns 3,054 shares of the technology company’s stock valued at $438,000 after buying an additional 78 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of Arrow Electronics by 38.9% in the first quarter. Root Financial Partners LLC now owns 282 shares of the technology company’s stock worth $40,000 after purchasing an additional 79 shares in the last quarter. Krilogy Financial LLC grew its stake in shares of Arrow Electronics by 3.2% in the first quarter. Krilogy Financial LLC now owns 2,543 shares of the technology company’s stock worth $365,000 after purchasing an additional 80 shares in the last quarter. Gateway Investment Advisers LLC grew its stake in shares of Arrow Electronics by 3.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 2,276 shares of the technology company’s stock worth $251,000 after purchasing an additional 84 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Arrow Electronics by 25.2% in the second quarter. Geneos Wealth Management Inc. now owns 442 shares of the technology company’s stock worth $56,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 99.34% 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.

Further Reading

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