Carine Lamercie Jean-Claude Sells 1,000 Shares of Arrow Electronics (NYSE:ARW) Stock

Arrow Electronics, Inc. (NYSE:ARW) SVP Carine Jean-Claude sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total value of $209,850.00. Following the completion of the transaction, the senior vice president directly owned 11,626 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Arrow Electronics Stock Up 2.6%

Shares of NYSE ARW traded up $5.47 on Friday, hitting $216.34. The company had a trading volume of 458,063 shares, compared to its average volume of 628,468. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. Arrow Electronics, Inc. has a 12-month low of $101.79 and a 12-month high of $237.33. The firm has a market capitalization of $11.01 billion, a P/E ratio of 13.82, a PEG ratio of 0.31 and a beta of 1.19. The business has a 50 day moving average of $209.09 and a two-hundred day moving average of $190.68.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, topping the consensus estimate of $4.45 by $1.00. The firm had revenue of $9.99 billion for the quarter, compared to analyst estimates of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.Arrow Electronics’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, equities research analysts forecast that Arrow Electronics, Inc. will post 21.24 earnings per share for the current fiscal year.

Arrow Electronics declared that its board has approved a share repurchase program on Wednesday, May 13th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

ARW has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arrow Electronics in a report on Friday, August 21st. Truist Financial decreased their price objective on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Bank of America upgraded Arrow Electronics from an “underperform” rating to a “neutral” rating and raised their target price for the company from $122.00 to $233.00 in a research note on Wednesday, May 13th. Wall Street Zen raised Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Finally, Zacks Research upgraded Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. 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 given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $233.25.

Institutional Trading of Arrow Electronics

A number of hedge funds and other institutional investors have recently made changes to their positions in ARW. California State Teachers Retirement System boosted its stake in Arrow Electronics by 20,912.3% during the 2nd quarter. California State Teachers Retirement System now owns 12,621,067 shares of the technology company’s stock valued at $2,693,462,000 after acquiring an additional 12,561,002 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Arrow Electronics in the 2nd quarter worth about $1,070,534,000. Bank of America Corp DE acquired a new stake in shares of Arrow Electronics in the 2nd quarter valued at about $270,981,000. ACR Alpine Capital Research LLC lifted its position in shares of Arrow Electronics by 42.6% during the fourth quarter. ACR Alpine Capital Research LLC now owns 3,445,593 shares of the technology company’s stock worth $379,635,000 after purchasing an additional 1,028,778 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of 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 worth $384,818,000 after purchasing an additional 871,585 shares during the last quarter. 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.