Arrow Electronics, Inc. (NYSE:ARW – Get Free Report) rose 6.4% during mid-day trading on Friday . The stock traded as high as $224.20 and last traded at $227.0310. Approximately 78,295 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 626,215 shares. The stock had previously closed at $213.44.
Analyst Upgrades and Downgrades
ARW has been the subject of a number of research reports. Raymond James Financial reaffirmed an “outperform” rating and set a $250.00 price target on shares of Arrow Electronics in a research report on Friday, August 7th. Wall Street Zen raised Arrow Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Zacks Research upgraded shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 1st. Wells Fargo & Company upped their price objective on shares of Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Arrow Electronics in a research note on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.25.
Read Our Latest Research Report on Arrow Electronics
Arrow Electronics Stock Performance
Arrow Electronics (NYSE:ARW – Get Free Report) last released its quarterly earnings data 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 business 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%.The business’s quarterly revenue was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, sell-side analysts anticipate that Arrow Electronics, Inc. will post 21.24 earnings per share for the current fiscal year.
Insider Activity
In related news, SVP Carine Jean-Claude sold 1,000 shares of the stock in a transaction on Thursday, September 3rd. The shares were 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 approximately $2,439,716.10. This represents a 7.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in Arrow Electronics by 2.6% during the 1st quarter. Private Advisor Group LLC now owns 3,054 shares of the technology company’s stock worth $438,000 after buying an additional 78 shares during the last quarter. Root Financial Partners LLC increased its holdings in shares of Arrow Electronics by 38.9% in the 1st quarter. Root Financial Partners LLC now owns 282 shares of the technology company’s stock valued at $40,000 after acquiring an additional 79 shares during the last quarter. Krilogy Financial LLC raised its position in shares of Arrow Electronics by 3.2% during the 1st quarter. Krilogy Financial LLC now owns 2,543 shares of the technology company’s stock valued at $365,000 after acquiring an additional 80 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Arrow Electronics by 0.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,567 shares of the technology company’s stock valued at $2,255,000 after acquiring an additional 84 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Arrow Electronics by 25.2% during the second quarter. Geneos Wealth Management Inc. now owns 442 shares of the technology company’s stock worth $56,000 after purchasing an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.
About Arrow Electronics
Arrow Electronics, Inc is a global technology distributor that connects electronic component manufacturers with original equipment manufacturers, contract manufacturers and other commercial customers. The company supplies semiconductors, passive components, electromechanical products and related embedded technologies used in products across industries such as communications, industrial, automotive, aerospace and defense, and consumer electronics.
Through its enterprise computing solutions business, Arrow also provides information-technology products and services, including data-center and cloud solutions, software, security, storage, networking and professional services.
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