Arrow Electronics (NYSE:ARW) Raised to “Strong-Buy” at Wall Street Zen

Arrow Electronics (NYSE:ARW) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Several other research firms have also issued reports on ARW. Weiss Ratings reissued a “buy (b-)” rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. Truist Financial lifted their price objective on Arrow Electronics from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Wells Fargo & Company upped their price objective on Arrow Electronics from $165.00 to $175.00 and gave the company an “underweight” rating in a research note on Monday, July 20th. Bank of America raised Arrow Electronics from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $122.00 to $233.00 in a report on Wednesday, May 13th. Finally, Raymond James Financial restated an “outperform” rating and set a $220.00 target price on shares of Arrow Electronics in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Arrow Electronics presently has an average rating of “Moderate Buy” and a consensus price target of $222.00.

Arrow Electronics Stock Down 0.1%

Shares of ARW stock opened at $212.09 on Friday. Arrow Electronics has a one year low of $101.79 and a one year high of $237.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 1.02. The stock has a fifty day moving average price of $215.55 and a 200 day moving average price of $174.02. The stock has a market cap of $10.84 billion, a P/E ratio of 15.17 and a beta of 1.20.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $5.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $2.30. The firm 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 business’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 EPS. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. 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 share buyback plan on Wednesday, May 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 9.7% of its stock through open market purchases. Stock repurchase plans are typically 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 stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $216.00, for a total transaction of $648,000.00. Following the sale, the senior vice president directly owned 12,626 shares in the company, valued at $2,727,216. This represents a 19.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric Nowak sold 3,473 shares of the firm’s 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 $10,303,696.65. This represents a 6.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Arrow Electronics

Large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Arrow Electronics by 45.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,748 shares of the technology company’s stock worth $2,154,000 after buying an additional 6,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Arrow Electronics by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,971 shares of the technology company’s stock valued at $20,763,000 after acquiring an additional 14,886 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 143 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Arrow Electronics in the second quarter worth about $492,000. Finally, Walleye Capital LLC acquired a new position in shares of Arrow Electronics during the second quarter worth approximately $475,000. Institutional investors own 99.34% of the company’s stock.

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.