Arrow Electronics (NYSE:ARW) Insider Sells $732,768.27 in Stock
by Renee Jackson · The Cerbat GemArrow Electronics, Inc. (NYSE:ARW – Get Free Report) insider Eric Nowak sold 3,473 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total value of $732,768.27. Following the completion of the sale, the insider directly owned 48,835 shares of the company’s stock, valued at $10,303,696.65. This represents a 6.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Arrow Electronics Stock Down 0.7%
Shares of NYSE:ARW traded down $1.57 on Thursday, reaching $212.88. The company had a trading volume of 276,600 shares, compared to its average volume of 650,816. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $215.68. The stock has a 50-day moving average price of $168.13 and a 200 day moving average price of $139.20. The stock has a market capitalization of $10.88 billion, a P/E ratio of 15.24 and a beta of 1.16. The company has a quick ratio of 1.02, a current ratio of 1.24 and a debt-to-equity ratio of 0.35.
Arrow Electronics (NYSE:ARW – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $5.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $2.30. Arrow Electronics had a return on equity of 11.40% and a net margin of 2.17%.The company had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the previous year, the firm earned $1.80 earnings per share. The business’s quarterly revenue was up 39.0% compared to the same quarter last year. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. On average, equities analysts expect that Arrow Electronics, Inc. will post 17.97 EPS for the current year.
Arrow Electronics declared that its board has authorized a stock repurchase program on Wednesday, May 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 9.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. Zacks Research raised Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Bank of America raised Arrow Electronics from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $122.00 to $233.00 in a research report on Wednesday, May 13th. Weiss Ratings raised Arrow Electronics from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Truist Financial boosted their price objective on Arrow Electronics from $183.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Raymond James Financial reissued an “outperform” rating and set a $220.00 price objective on shares of Arrow Electronics in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $214.50.
Check Out Our Latest Analysis on Arrow Electronics
Hedge Funds Weigh In On Arrow Electronics
Several large investors have recently added to or reduced their stakes in ARW. Root Financial Partners LLC acquired a new position in Arrow Electronics in the 3rd quarter valued at approximately $26,000. Winnow Wealth LLC bought a new position in shares of Arrow Electronics during the 3rd quarter worth approximately $26,000. Bayban bought a new position in shares of Arrow Electronics during the 1st quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Arrow Electronics by 112.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares during the period. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Arrow Electronics during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds 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.