Arrow Electronics (NYSE:ARW) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Arrow Electronics (NYSE:ARW) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

A number of other equities research analysts have also recently commented on ARW. Raymond James Financial reiterated an “outperform” rating and issued a $220.00 price target on shares of Arrow Electronics in a research note on Friday, May 8th. Truist Financial boosted their price target on Arrow Electronics from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Bank of America upgraded shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $122.00 to $233.00 in a report on Wednesday, May 13th. Wells Fargo & Company increased their price objective on shares of Arrow Electronics from $165.00 to $175.00 and gave the company an “underweight” rating in a research report on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. One equities 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 given a Sell rating to the company. According to MarketBeat.com, Arrow Electronics presently has a consensus rating of “Moderate Buy” and an average target price of $222.00.

Arrow Electronics Stock Performance

Shares of ARW stock opened at $212.09 on Friday. The business’s fifty day simple moving average is $215.55 and its 200-day simple moving average is $173.60. The company has a market cap of $10.84 billion, a PE ratio of 15.17 and a beta of 1.20. The company has a current ratio of 1.24, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. Arrow Electronics has a 12-month low of $101.79 and a 12-month high of $237.33.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $5.22 EPS for the quarter, beating the consensus estimate of $2.92 by $2.30. The firm had revenue of $9.47 billion during 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 for the quarter was up 39.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 EPS. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. Analysts expect that Arrow Electronics will post 19.15 earnings per share for the current fiscal year.

Arrow Electronics declared that its board has initiated a stock repurchase plan on Wednesday, May 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 9.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 3,000 shares of Arrow Electronics stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $216.00, for a total transaction of $648,000.00. Following the completion of the sale, the senior vice president owned 12,626 shares of the company’s stock, valued at approximately $2,727,216. The trade was a 19.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eric Nowak sold 3,473 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $210.99, for a total value of $732,768.27. Following the sale, the insider owned 48,835 shares in the company, valued at approximately $10,303,696.65. The trade was a 6.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Arrow Electronics

A number of large investors have recently bought and sold shares of the company. Private Advisor Group LLC increased its position in shares of Arrow Electronics by 2.6% during the first quarter. Private Advisor Group LLC now owns 3,054 shares of the technology company’s stock worth $438,000 after purchasing an additional 78 shares in the last quarter. Root Financial Partners LLC grew its stake in Arrow Electronics by 38.9% during the 1st quarter. Root Financial Partners LLC now owns 282 shares of the technology company’s stock worth $40,000 after buying an additional 79 shares during the last quarter. Krilogy Financial LLC increased its position in Arrow Electronics by 3.2% during the first quarter. Krilogy Financial LLC now owns 2,543 shares of the technology company’s stock worth $365,000 after buying an additional 80 shares during the period. Gateway Investment Advisers LLC lifted its stake in Arrow Electronics by 3.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 2,276 shares of the technology company’s stock valued at $251,000 after buying an additional 84 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Arrow Electronics by 25.2% in the second quarter. Geneos Wealth Management Inc. now owns 442 shares of the technology company’s stock valued at $56,000 after acquiring an additional 89 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Arrow Electronics Company Profile

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.