Arrow Electronics (NYSE:ARW) Reaches New 1-Year High – Here’s What Happened

Shares of Arrow Electronics, Inc. (NYSE:ARW) hit a new 52-week high during mid-day trading on Friday. The company traded as high as $239.29 and last traded at $239.3970, with a volume of 41795 shares trading hands. The stock had previously closed at $231.63.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ARW shares. Zacks Research raised Arrow Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 1st. Wells Fargo & Company boosted their price target on Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Raymond James Financial restated an “outperform” rating and issued a $250.00 price target on shares of Arrow Electronics in a research report on Friday, August 7th. Wall Street Zen downgraded Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th. Finally, Truist Financial lowered their price objective on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $233.25.

Arrow Electronics Trading Up 5.1%

The stock’s 50 day moving average price is $214.97 and its 200-day moving average price is $200.91. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $12.39 billion, a PE ratio of 15.48, a PEG ratio of 0.33 and a beta of 1.16.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, beating the consensus estimate of $4.45 by $1.00. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The firm had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $9.67 billion. During the same period last year, the firm earned $2.43 EPS. The company’s revenue was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, sell-side analysts expect that Arrow Electronics, Inc. will post 21.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arrow Electronics news, SVP Carine Jean-Claude sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $209.85, for a total transaction of $209,850.00. Following the sale, the senior vice president directly owned 11,626 shares of the company’s stock, valued at $2,439,716.10. This trade represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Arrow Electronics

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Arrow Electronics during the 2nd quarter valued at approximately $1,070,534,000. ACR Alpine Capital Research LLC boosted its stake in Arrow Electronics by 3.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 3,578,313 shares of the technology company’s stock worth $513,166,000 after purchasing an additional 132,720 shares during the period. Dimensional Fund Advisors LP grew its holdings in Arrow Electronics by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,007,509 shares of the technology company’s stock valued at $431,280,000 after buying an additional 11,894 shares in the last quarter. State Street Corp grew its holdings in Arrow Electronics by 0.5% during the 2nd quarter. State Street Corp now owns 1,694,603 shares of the technology company’s stock valued at $361,645,000 after buying an additional 8,238 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Arrow Electronics during the second quarter valued at approximately $270,981,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

About Arrow Electronics

Arrow Electronics, Inc is a global distributor of electronic components and enterprise computing products. The company connects manufacturers with industrial and commercial customers, supplying semiconductors, embedded components, and related technologies used in products such as automotive systems, communications equipment, industrial machinery, and consumer electronics.

Through its enterprise computing business, Arrow provides data-center and information-technology products and services, including servers, storage, networking equipment, software, cloud solutions, and security technologies.