Key Points
- Arrow Electronics SVP Carine Lamercie Jean-Claude sold 3,000 shares on May 22 at an average price of $216 each, totaling about $648,000. After the sale, she still held 12,626 shares valued at roughly $2.73 million.
- The stock was trading near its 52-week high, opening at $217.55 and reaching a 52-week high of $219.01, while the company’s market cap stood at about $11.12 billion.
- Arrow Electronics posted strong quarterly results, with Q1 EPS of $5.22 versus the $2.92 estimate and revenue of $9.47 billion, up 39% year over year. The company also announced a $1 billion share repurchase program and raised Q2 guidance.
Arrow Electronics, Inc. (NYSE:ARW - Get Free Report) SVP Carine Lamercie Jean-Claude sold 3,000 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $216.00, for a total transaction of $648,000.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Arrow Electronics Trading Up 2.2%
Shares of ARW stock opened at $217.55 on Friday. 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 $171.09 and a 200-day moving average of $140.46. Arrow Electronics, Inc. has a 52-week low of $101.79 and a 52-week high of $219.01. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 15.56 and a beta of 1.16.
Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings data 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. 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 analyst estimates of $8.39 billion. During the same period in the prior year, the company posted $1.80 earnings per share. The business's revenue for the quarter 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. On average, equities research analysts forecast that Arrow Electronics, Inc. will post 17.97 earnings per share for the current fiscal year.
Arrow Electronics declared that its board has initiated a stock repurchase program on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 9.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several research firms have issued reports on ARW. Truist Financial increased 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. Wells Fargo & Company increased their price objective on Arrow Electronics from $140.00 to $165.00 and gave the stock an "underweight" rating in a research note on Friday, May 8th. Zacks Research upgraded Arrow Electronics from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 9th. Wall Street Zen upgraded Arrow Electronics from a "hold" rating to a "buy" rating in a research note on Saturday, February 7th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $220.00 price objective on shares of Arrow Electronics in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $214.50.
Read Our Latest Research Report on ARW
Institutional Trading of Arrow Electronics
Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Arrow Electronics by 45.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,748 shares of the technology company's stock worth $2,154,000 after purchasing an additional 6,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Arrow Electronics by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,971 shares of the technology company's stock worth $20,763,000 after purchasing an additional 14,886 shares during the period. Geneos Wealth Management Inc. increased its position in Arrow Electronics by 68.1% in the first quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company's stock worth $37,000 after purchasing an additional 143 shares during the period. Sivia Capital Partners LLC acquired a new stake in Arrow Electronics in the second quarter worth about $492,000. Finally, Walleye Capital LLC acquired a new stake in Arrow Electronics in the second quarter worth about $475,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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