Arrow Electronics (NYSE:ARW) Price Target Raised to $200.00 at Wells Fargo & Company

Arrow Electronics (NYSE:ARW) had its price target hoisted by analysts at Wells Fargo & Company from $175.00 to $200.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 0.47% from the stock’s current price.

ARW has been the topic of a number of other reports. Wall Street Zen raised shares of Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Truist Financial cut their target price on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday. Zacks Research lowered shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Arrow Electronics in a research note on Friday. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $225.75.

Arrow Electronics Price Performance

ARW stock traded down $21.34 during trading on Friday, reaching $200.95. 288,666 shares of the company were exchanged, compared to its average volume of 634,485. 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 company has a market cap of $10.27 billion, a P/E ratio of 14.40 and a beta of 1.20. Arrow Electronics has a 52-week low of $101.79 and a 52-week high of $237.33. The stock’s 50 day moving average price is $215.99 and its 200 day moving average price is $180.49.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $1.00. Arrow Electronics had a return on equity of 11.40% and a net margin of 2.17%.The firm had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $9.67 billion. During the same period in the previous year, the firm posted $2.43 EPS. The company’s quarterly revenue was up 31.8% compared to the same quarter last year. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, analysts predict that Arrow Electronics will post 19.15 earnings per share for the current fiscal year.

Arrow Electronics declared that its board has authorized a stock buyback plan on Wednesday, May 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to buy up to 9.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, 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 transaction of $648,000.00. Following the completion of the sale, the senior vice president directly owned 12,626 shares of the company’s stock, valued at $2,727,216. This trade represents a 19.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric Nowak sold 3,473 shares of the business’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 sale, the insider directly owned 48,835 shares in the company, valued at $10,303,696.65. This trade represents a 6.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. ACR Alpine Capital Research LLC raised 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 during the period. AQR Capital Management LLC grew its position in shares of Arrow Electronics by 37.7% in 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 during the last quarter. Brandes Investment Partners LP grew 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 valued at $45,115,000 after purchasing an additional 382,385 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Arrow Electronics in the second quarter worth about $72,308,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Arrow Electronics during the 2nd quarter worth about $71,338,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Arrow Electronics

Here are the key news stories impacting Arrow Electronics this week:

• Positive Sentiment: Second-quarter results beat expectations: Arrow Electronics reported adjusted earnings of $5.45 per share, well above the $4.45 consensus estimate and up from $2.43 a year ago. Revenue increased 31.8% year over year to $9.99 billion, exceeding analysts’ $9.67 billion forecast. Arrow Electronics Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Above-consensus third-quarter guidance: Management forecast adjusted EPS of $4.83 to $5.03, compared with the $4.50 analyst consensus, and revenue of $9.6 billion to $10.2 billion versus expectations of $9.5 billion. The outlook signals continued demand and operating momentum. Arrow Electronics Earnings Report
• Neutral Sentiment: Leadership change announced: Arrow appointed Deidra C. Merriwether as president and chief operating officer. Investors may look for additional details on her responsibilities and strategic priorities. Arrow Electronics Appoints Deidra C. Merriwether
• Negative Sentiment: Price target was trimmed: Truist Financial lowered its target for ARW from $260 to $250, although it maintained a “buy” rating. The lower target may be weighing on sentiment, despite implying substantial potential upside from recent trading levels. Benzinga Arrow Electronics Price Target Update

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.