Arrow Electronics (NYSE:ARW) Hits New 52-Week High on Analyst Upgrade

Arrow Electronics, Inc. (NYSE:ARW)’s share price reached a new 52-week high on Monday after Truist Financial upgraded the stock from a hold rating to a buy rating. Truist Financial now has a $183.00 price target on the stock, up from their previous price target of $148.00. Arrow Electronics traded as high as $166.51 and last traded at $165.35, with a volume of 276690 shares traded. The stock had previously closed at $158.19.

A number of other analysts have also weighed in on the stock. Wall Street Zen raised shares of Arrow Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings upgraded shares of Arrow Electronics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Zacks Research upgraded shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Wells Fargo & Company upped their target price on shares of Arrow Electronics from $94.00 to $115.00 and gave the stock an “underweight” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Arrow Electronics currently has an average rating of “Hold” and a consensus price target of $136.00.

Insider Activity at Arrow Electronics

In other Arrow Electronics news, insider Richard John Marano sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $155.32, for a total value of $388,300.00. Following the transaction, the insider directly owned 24,096 shares in the company, valued at $3,742,590.72. This represents a 9.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 4,000 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $156.65, for a total transaction of $626,600.00. Following the completion of the transaction, the senior vice president owned 16,261 shares in the company, valued at $2,547,285.65. This represents a 19.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 19,199 shares of company stock valued at $3,009,786 over the last 90 days. 0.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Arrow Electronics

Several hedge funds have recently modified their holdings of the business. Gateway Investment Advisers LLC lifted its position in shares of Arrow Electronics by 3.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 2,276 shares of the technology company’s stock worth $251,000 after purchasing an additional 84 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Arrow Electronics by 25.2% in the 2nd 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 period. Rockefeller Capital Management L.P. lifted its position in shares of Arrow Electronics by 6.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,554 shares of the technology company’s stock worth $171,000 after purchasing an additional 90 shares during the period. Studio Investment Management LLC lifted its position in shares of Arrow Electronics by 3.2% in the 4th quarter. Studio Investment Management LLC now owns 3,094 shares of the technology company’s stock worth $341,000 after purchasing an additional 95 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of Arrow Electronics by 17.6% in the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the technology company’s stock worth $73,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Arrow Electronics Price Performance

The firm’s 50-day moving average price is $147.19 and its two-hundred day moving average price is $126.22. The stock has a market cap of $8.47 billion, a PE ratio of 15.19, a PEG ratio of 0.79 and a beta of 1.00. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 0.46.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $4.39 earnings per share for the quarter, topping the consensus estimate of $3.55 by $0.84. Arrow Electronics had a net margin of 1.85% and a return on equity of 9.01%. The firm had revenue of $8.75 billion during the quarter, compared to analysts’ expectations of $8.16 billion. During the same quarter in the prior year, the company earned $2.97 EPS. The company’s revenue was up 20.1% compared to the same quarter last year. Arrow Electronics has set its Q1 2026 guidance at 2.130-2.330 EPS. On average, equities analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

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.