Arrow Electronics (NYSE:ARW) Declares Share Buyback Plan

Arrow Electronics (NYSE:ARW) announced that its Board of Directors has approved a share repurchase plan on Wednesday, May 13th, RTT News reports. The company plans to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Arrow Electronics Stock Performance

Arrow Electronics stock traded up $10.43 during trading hours on Wednesday, hitting $211.89. The company had a trading volume of 800,511 shares, compared to its average volume of 753,440. The firm has a market cap of $10.83 billion, a PE ratio of 15.16, a PEG ratio of 0.82 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 1.02. Arrow Electronics has a one year low of $101.79 and a one year high of $212.44. The firm has a 50-day moving average of $161.33 and a 200 day moving average of $135.93.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $5.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $2.30. Arrow Electronics had a net margin of 2.17% and a return on equity of 11.40%. The firm had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period last year, the business posted $1.80 earnings per share. The business’s revenue for the quarter 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, sell-side analysts expect that Arrow Electronics will post 16.26 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ARW shares. Zacks Research raised shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Truist Financial lifted their price target on Arrow Electronics from $183.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Raymond James Financial reissued an “outperform” rating and set a $220.00 price target on shares of Arrow Electronics in a research report on Friday, May 8th. Wall Street Zen upgraded Arrow Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Wells Fargo & Company increased their price target on Arrow Electronics from $140.00 to $165.00 and gave the company an “underweight” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Arrow Electronics has an average rating of “Moderate Buy” and an average target price of $214.50.

Insider Buying and Selling at Arrow Electronics

In other news, CEO William F. Austen purchased 3,960 shares of Arrow Electronics stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average cost of $151.87 per share, for a total transaction of $601,405.20. Following the purchase, the chief executive officer directly owned 44,722 shares of the company’s stock, valued at $6,791,930.14. This trade represents a 9.71% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard John Marano sold 2,500 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $155.32, for a total value of $388,300.00. Following the transaction, the insider owned 24,096 shares in the company, valued at $3,742,590.72. The trade was a 9.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.80% 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.