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

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

Several other equities research analysts have also recently issued reports on ARW. Truist Financial raised their target price on shares of Arrow Electronics from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Bank of America upgraded shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $122.00 to $233.00 in a research note on Wednesday, May 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. Raymond James Financial reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Arrow Electronics in a report on Friday, May 8th. Finally, 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 report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $222.00.

Arrow Electronics Price Performance

Shares of NYSE:ARW opened at $212.09 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 market cap of $10.84 billion, a price-to-earnings ratio of 15.17 and a beta of 1.20. The business has a 50-day simple moving average of $215.55 and a two-hundred day simple moving average of $173.60. Arrow Electronics has a fifty-two week low of $101.79 and a fifty-two week high of $237.33.

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 analysts’ consensus estimates of $2.92 by $2.30. Arrow Electronics had a net margin of 2.17% and a return on equity of 11.40%. The firm had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter last year, the firm posted $1.80 EPS. The business’s quarterly revenue 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, analysts expect that Arrow Electronics will post 19.15 earnings per share for the current year.

Arrow Electronics declared that its Board of Directors has authorized a stock buyback program on Wednesday, May 13th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 9.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Arrow Electronics

In other news, insider Eric Nowak sold 3,473 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total value of $732,768.27. Following the completion of the sale, the insider directly owned 48,835 shares in the company, valued at $10,303,696.65. This represents a 6.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.00, for a total value of $648,000.00. Following the completion of the transaction, the senior vice president directly owned 12,626 shares in the company, valued at approximately $2,727,216. This represents a 19.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. ACR Alpine Capital Research LLC increased its holdings in Arrow Electronics by 42.6% in the 4th quarter. ACR Alpine Capital Research LLC now owns 3,445,593 shares of the technology company’s stock worth $379,635,000 after acquiring an additional 1,028,778 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Arrow Electronics by 37.7% during the third quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company’s stock valued at $384,818,000 after purchasing an additional 871,585 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of Arrow Electronics by 1,412.3% in the fourth quarter. Brandes Investment Partners LP now owns 409,461 shares of the technology company’s stock worth $45,115,000 after purchasing an additional 382,385 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Arrow Electronics in the second quarter worth approximately $72,308,000. Finally, FIL Ltd increased its stake in shares of Arrow Electronics by 33.8% in the fourth quarter. FIL Ltd now owns 1,231,833 shares of the technology company’s stock worth $135,723,000 after purchasing an additional 310,936 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

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.