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 on Thursday, September 3rd. The stock was sold at an average price of $209.85, for a total value of $209,850.00. Following the transaction, the senior vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Arrow Electronics Price Performance

Shares of ARW opened at $216.34 on Friday. Arrow Electronics, Inc. has a fifty-two week low of $101.79 and a fifty-two week high of $237.33. The firm’s 50 day moving average price is $209.12 and its 200 day moving average price is $190.86. The company has a market cap of $11.01 billion, a P/E ratio of 13.82, a PEG ratio of 0.32 and a beta of 1.19. 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 (NYSE:ARW) last released its earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $1.00. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.The firm had revenue of $9.99 billion during the quarter, compared to analyst estimates of $9.67 billion. During the same period last year, the business posted $2.43 earnings per share. Arrow Electronics’s revenue was up 31.8% compared to the same quarter last year. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, 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 of Directors has approved a share buyback program on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to purchase up to 9.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Arrow Electronics

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bayban acquired a new stake in Arrow Electronics in the first quarter valued at $26,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Arrow Electronics by 112.0% in 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 in the last quarter. Transamerica Financial Advisors LLC purchased a new stake in shares of Arrow Electronics in the 4th quarter worth about $27,000. Keating Financial Advisory Services Inc. acquired a new stake in Arrow Electronics in the 2nd quarter valued at about $28,000. Finally, Advisory Services Network LLC acquired a new stake in Arrow Electronics in the 3rd quarter valued at about $31,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Raymond James Financial restated an “outperform” rating and issued a $250.00 price objective on shares of Arrow Electronics in a report on Friday, August 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arrow Electronics in a research report on Friday, August 21st. Wall Street Zen upgraded Arrow Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Wells Fargo & Company raised their target price on Arrow Electronics from $175.00 to $200.00 and gave the stock an “underweight” rating in a research report on Friday, August 7th. Finally, Truist Financial decreased their target price on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, August 7th. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $233.25.

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.