Arrow Electronics (NYSE:ARW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Arrow Electronics (NYSE:ARW) from a buy rating to a strong-buy rating in a report issued on Saturday.

A number of other research firms have also recently commented on ARW. Truist Financial raised their target price on Arrow Electronics from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Raymond James Financial reiterated an “outperform” rating and set a $220.00 price target on shares of Arrow Electronics in a research report on Friday, May 8th. Wells Fargo & Company raised their price objective on Arrow Electronics from $165.00 to $175.00 and gave the company an “underweight” rating in a report on Monday, July 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arrow Electronics in a report on Tuesday, May 26th. Finally, Bank of America upgraded Arrow Electronics from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $122.00 to $233.00 in a research note on Wednesday, May 13th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $222.00.

Arrow Electronics Stock Performance

Shares of NYSE ARW opened at $213.37 on Friday. The company’s fifty day moving average price is $215.66 and its 200 day moving average price is $174.73. Arrow Electronics has a 1 year low of $101.79 and a 1 year high of $237.33. The company has a market capitalization of $10.91 billion, a PE ratio of 15.26 and a beta of 1.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 1.24.

Arrow Electronics (NYSE:ARW) last released 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. The company had revenue of $9.47 billion for the quarter, compared to analyst estimates of $8.39 billion. Arrow Electronics had a net margin of 2.17% and a return on equity of 11.40%. The firm’s revenue was up 39.0% on a year-over-year basis. During the same quarter last year, the business earned $1.80 earnings per share. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. On average, research analysts predict that Arrow Electronics will post 19.15 earnings per share for the current year.

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

Insider Activity

In related news, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $216.00, for a total value of $648,000.00. Following the completion of the sale, the senior vice president owned 12,626 shares of the company’s stock, valued at approximately $2,727,216. This represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 completion of the sale, the insider directly owned 48,835 shares of the company’s stock, valued at $10,303,696.65. This represents a 6.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company’s stock.

Institutional Trading of Arrow Electronics

Hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in shares of Arrow Electronics by 2.6% during the 1st quarter. Private Advisor Group LLC now owns 3,054 shares of the technology company’s stock worth $438,000 after buying an additional 78 shares during the last quarter. Root Financial Partners LLC lifted its holdings in Arrow Electronics by 38.9% in the first quarter. Root Financial Partners LLC now owns 282 shares of the technology company’s stock valued at $40,000 after acquiring an additional 79 shares during the last quarter. Krilogy Financial LLC lifted its holdings in Arrow Electronics by 3.2% in the first quarter. Krilogy Financial LLC now owns 2,543 shares of the technology company’s stock valued at $365,000 after acquiring an additional 80 shares during the last quarter. Gateway Investment Advisers LLC grew its position in 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 acquiring an additional 84 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in 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 acquiring an additional 89 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

About Arrow Electronics

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.