Key Points
- Insider sale: Arrow Electronics insider Eric Nowak sold 3,473 shares on May 20 at an average price of $210.99, totaling about $732,768. After the transaction, he still held 48,835 shares.
- Strong quarterly results: Arrow Electronics reported Q1 earnings of $5.22 per share, well above the $2.92 analyst estimate, on revenue of $9.47 billion versus expectations of $8.39 billion. Revenue jumped 39% year over year.
- Capital return and analyst sentiment: The board approved a $1 billion share repurchase program, signaling confidence in the stock. Analysts remain cautiously positive overall, with a consensus rating of Moderate Buy and an average price target of $214.50.
Arrow Electronics, Inc. (NYSE:ARW - Get Free Report) insider Eric Nowak sold 3,473 shares of Arrow Electronics stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $210.99, for a total value of $732,768.27. Following the sale, the insider directly owned 48,835 shares of the company's stock, valued at approximately $10,303,696.65. This trade represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Arrow Electronics Trading Down 0.8%
Shares of NYSE ARW opened at $212.66 on Friday. 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 business has a fifty day simple moving average of $169.59 and a two-hundred day simple moving average of $139.91. The firm has a market cap of $10.87 billion, a PE ratio of 15.21 and a beta of 1.16. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $215.68.
Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results on Thursday, May 7th. The technology company reported $5.22 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $2.30. The business had revenue of $9.47 billion during the quarter, compared to analyst estimates of $8.39 billion. Arrow Electronics had a return on equity of 11.40% and a net margin of 2.17%.Arrow Electronics's revenue was up 39.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 EPS. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. Analysts expect that Arrow Electronics, Inc. will post 17.97 earnings per share for the current fiscal year.
Arrow Electronics announced that its board has approved a stock repurchase plan on Wednesday, May 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.
Analyst Ratings Changes
Several equities research analysts have recently commented on ARW shares. Bank of America upgraded shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $122.00 to $233.00 in a report on Wednesday, May 13th. Truist Financial boosted their price target on shares of Arrow Electronics from $183.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, May 7th. Zacks Research upgraded shares of Arrow Electronics from a "hold" rating to a "strong-buy" rating in a report on Monday, February 9th. Weiss Ratings upgraded shares of Arrow Electronics from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, February 26th. Finally, Raymond James Financial restated an "outperform" rating and set a $220.00 price objective on shares of Arrow Electronics in a research note on Friday, May 8th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $214.50.
Get Our Latest Analysis on ARW
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of Arrow Electronics during the 3rd quarter worth approximately $26,000. Winnow Wealth LLC bought a new position in shares of Arrow Electronics during the 3rd quarter worth approximately $26,000. Bayban bought a new position in shares of Arrow Electronics during the 1st quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Arrow Electronics by 112.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company's stock worth $27,000 after acquiring an additional 131 shares in the last quarter. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Arrow Electronics during the 4th quarter worth approximately $27,000. Institutional investors own 99.34% of the company's stock.
Arrow Electronics Company Profile
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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.
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