Arrow Electronics, Inc. (NYSE:ARW – Get Free Report) SVP Carine Lamercie Jean-Claude sold 3,000 shares of the company’s 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 directly owned 12,626 shares of the company’s stock, valued at $2,727,216. This represents 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 through the SEC website.
Arrow Electronics Stock Up 2.2%
Shares of ARW stock traded up $4.71 on Friday, hitting $217.55. 434,877 shares of the stock were exchanged, compared to its average volume of 651,681. The company has a current ratio of 1.24, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $11.12 billion, a P/E ratio of 15.56 and a beta of 1.16. The business has a 50-day moving average of $169.59 and a 200 day moving average of $139.91. Arrow Electronics, Inc. has a fifty-two week low of $101.79 and a fifty-two week high of $219.01.
Arrow Electronics (NYSE:ARW – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $5.22 EPS for the quarter, beating the consensus estimate of $2.92 by $2.30. Arrow Electronics had a return on equity of 11.40% and a net margin of 2.17%.The firm had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The business’s quarterly revenue was up 39.0% compared to the same quarter last year. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. Equities analysts anticipate that Arrow Electronics, Inc. will post 17.97 EPS for the current year.
Institutional Trading of Arrow Electronics
A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of Arrow Electronics by 2.6% in the first quarter. Bank of America Corp DE now owns 1,015,730 shares of the technology company’s stock valued at $145,666,000 after buying an additional 26,193 shares during the last quarter. Bull Harbor Capital LLC acquired a new stake in shares of Arrow Electronics in the first quarter valued at approximately $472,000. Arkadios Wealth Advisors lifted its position in shares of Arrow Electronics by 7.3% in the first quarter. Arkadios Wealth Advisors now owns 2,453 shares of the technology company’s stock valued at $352,000 after buying an additional 167 shares during the last quarter. Amundi lifted its position in shares of Arrow Electronics by 83.3% in the first quarter. Amundi now owns 209,973 shares of the technology company’s stock valued at $30,112,000 after buying an additional 95,419 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Arrow Electronics by 23.0% in the first quarter. California State Teachers Retirement System now owns 60,065 shares of the technology company’s stock valued at $8,614,000 after buying an additional 11,219 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ARW has been the subject of several recent research reports. Zacks Research raised Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Wall Street Zen raised Arrow Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Wells Fargo & Company increased their price target on Arrow Electronics from $140.00 to $165.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and set a $220.00 price target on shares of Arrow Electronics in a research report on Friday, May 8th. Finally, Truist Financial increased their price target on Arrow Electronics from $183.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $214.50.
Read Our Latest Stock Analysis on ARW
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.
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