Arrow Electronics (NYSE:ARW) Sets New 1-Year High – Still a Buy?

Arrow Electronics, Inc. (NYSE:ARW)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $233.67 and last traded at $232.8050, with a volume of 29180 shares. The stock had previously closed at $229.27.

Analyst Ratings Changes

A number of analysts recently commented on the company. Bank of America raised Arrow Electronics from an “underperform” rating to a “neutral” rating and increased their price target for the company from $122.00 to $233.00 in a research report on Wednesday, May 13th. Raymond James Financial restated an “outperform” rating and issued a $220.00 price objective on shares of Arrow Electronics in a research note on Friday, May 8th. Truist Financial raised their target price on Arrow Electronics from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company raised their price objective on shares of Arrow Electronics from $140.00 to $165.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. One equities 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $219.50.

Arrow Electronics Trading Up 1.9%

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 firm has a fifty day simple moving average of $196.57 and a two-hundred day simple moving average of $153.38. The firm has a market capitalization of $11.94 billion, a P/E ratio of 16.74 and a beta of 1.19.

Arrow Electronics (NYSE:ARW) last issued its 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 return on equity of 11.40% and a net margin of 2.17%.The business’s revenue was up 39.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 earnings per share. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. On average, equities research analysts anticipate that Arrow Electronics, Inc. will post 19.15 earnings per share for the current fiscal year.

Arrow Electronics announced that its board has approved a stock buyback plan on Wednesday, May 13th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, SVP Carine Lamercie Jean-Claude sold 3,000 shares of Arrow Electronics stock in a transaction dated Friday, May 22nd. The shares were 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 owned 12,626 shares in the company, valued at $2,727,216. This trade represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric Nowak sold 3,473 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $210.99, for a total transaction of $732,768.27. Following the sale, the insider owned 48,835 shares in the company, valued at $10,303,696.65. The trade was a 6.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arrow Electronics

A number of large investors have recently made changes to their positions in ARW. Bayban bought a new stake in shares of Arrow Electronics during the 1st quarter valued at $26,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Arrow Electronics by 112.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock valued at $27,000 after buying an additional 131 shares during the period. Transamerica Financial Advisors LLC bought a new stake in shares of Arrow Electronics during the fourth quarter valued at about $27,000. Advisory Services Network LLC bought a new position in shares of Arrow Electronics in the third quarter valued at approximately $31,000. Finally, Quarry LP bought a new position in shares of Arrow Electronics in the third quarter valued at approximately $33,000. 99.34% of the stock is owned by institutional investors.

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.