Arrow Electronics, Inc. (NYSE:ARW – Get Free Report) SVP Carine Jean-Claude sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total value of $209,850.00. Following the completion of the sale, the senior vice president directly owned 11,626 shares in the company, valued at approximately $2,439,716.10. The trade was a 7.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
Arrow Electronics Trading Up 0.2%
Shares of NYSE:ARW opened at $216.34 on Monday. The business’s 50 day moving average price is $209.12 and its 200-day moving average price is $191.10. Arrow Electronics, Inc. has a 1 year low of $101.79 and a 1 year high of $237.33. The firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 0.32 and a beta of 1.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.01.
Arrow Electronics (NYSE:ARW – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $1.00. The company had revenue of $9.99 billion during the quarter, compared to analysts’ expectations of $9.67 billion. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The firm’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, equities research analysts forecast that Arrow Electronics, Inc. will post 21.24 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in ARW. California State Teachers Retirement System increased its stake in Arrow Electronics by 20,912.3% during the second quarter. California State Teachers Retirement System now owns 12,621,067 shares of the technology company’s stock worth $2,693,462,000 after acquiring an additional 12,561,002 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Arrow Electronics during the 2nd quarter worth $1,070,534,000. ACR Alpine Capital Research LLC increased its position in shares of Arrow Electronics by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 3,578,313 shares of the technology company’s stock worth $513,166,000 after purchasing an additional 132,720 shares during the last quarter. AQR Capital Management LLC raised its holdings in Arrow Electronics by 37.7% in the 3rd quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company’s stock valued at $384,818,000 after buying an additional 871,585 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Arrow Electronics by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,007,509 shares of the technology company’s stock valued at $431,280,000 after buying an additional 11,894 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently commented on ARW shares. Wall Street Zen raised Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Wells Fargo & Company raised their price target on shares of Arrow Electronics from $175.00 to $200.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. Truist Financial cut their price objective on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a report on Friday, August 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Arrow Electronics in a report on Friday, August 21st. Finally, Zacks Research upgraded Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $233.25.
Read Our Latest Stock Report 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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