Shares of Arrow Electronics, Inc. (NYSE:ARW – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $206.07 and last traded at $202.9170, with a volume of 757758 shares trading hands. The stock had previously closed at $194.95.
Wall Street Analyst Weigh In
ARW has been the subject of a number of recent analyst reports. Raymond James Financial restated an “outperform” rating and set a $220.00 price target on shares of Arrow Electronics in a report on Friday. Wall Street Zen upgraded shares of Arrow Electronics from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Zacks Research upgraded shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Truist Financial upped their price target on shares of Arrow Electronics from $183.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. Finally, Weiss Ratings upgraded shares of Arrow Electronics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $183.75.
View Our Latest Stock Analysis on ARW
Arrow Electronics Trading Up 4.1%
Arrow Electronics (NYSE:ARW – Get Free Report) last released its earnings results on Thursday, May 7th. The technology company reported $5.22 earnings per share for the quarter, beating the consensus estimate of $2.92 by $2.30. Arrow Electronics had a net margin of 2.17% and a return on equity of 11.40%. The business had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter last year, the company earned $1.80 earnings per share. The firm’s revenue was up 39.0% on a year-over-year basis. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. On average, sell-side analysts predict that Arrow Electronics, Inc. will post 13.59 earnings per share for the current year.
Insider Activity at Arrow Electronics
In related news, insider Eric Nowak sold 12,699 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $157.09, for a total value of $1,994,885.91. Following the completion of the sale, the insider owned 43,509 shares in the company, valued at approximately $6,834,828.81. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard John Marano sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $155.32, for a total transaction of $388,300.00. Following the transaction, the insider owned 24,096 shares of the company’s stock, valued at approximately $3,742,590.72. This represents a 9.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,199 shares of company stock worth $3,009,786 in the last three months. Corporate insiders own 0.80% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bayban bought a new position in Arrow Electronics during the first quarter worth about $26,000. Root Financial Partners LLC bought a new position in Arrow Electronics during the third quarter worth about $26,000. Winnow Wealth LLC bought a new position in Arrow Electronics during the third quarter worth about $26,000. Transamerica Financial Advisors LLC bought a new position in Arrow Electronics during the fourth quarter worth about $27,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Arrow Electronics by 112.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares during the period. Institutional investors own 99.34% of the company’s stock.
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.
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