Arrow Electronics (NYSE:ARW) Price Target Raised to $200.00

Arrow Electronics (NYSE:ARW) had its target price lifted by equities research analysts at Wells Fargo & Company from $175.00 to $200.00 in a report released on Friday,Benzinga reports. The firm presently has an “underweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target points to a potential downside of 0.47% from the company’s current price.

Several other research analysts have also recently commented on the company. Zacks Research cut Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday. Truist Financial reduced their price objective on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a report on Friday. Raymond James Financial reissued an “outperform” rating on shares of Arrow Electronics in a research note on Friday. Bank of America upgraded shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $122.00 to $233.00 in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised Arrow Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $225.75.

Arrow Electronics Stock Performance

Shares of NYSE:ARW traded down $21.34 on Friday, hitting $200.95. 288,666 shares of the company were exchanged, compared to its average volume of 634,485. The company’s 50 day moving average price is $215.99 and its two-hundred day moving average price is $180.49. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 14.40 and a beta of 1.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 1.24. Arrow Electronics has a one year low of $101.79 and a one year high of $237.33.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, beating the consensus estimate of $4.45 by $1.00. Arrow Electronics had a net margin of 2.17% and a return on equity of 11.40%. The business had revenue of $9.99 billion during the quarter, compared to analysts’ expectations of $9.67 billion. During the same quarter last year, the company earned $2.43 earnings per share. The firm’s revenue was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Research analysts expect that Arrow Electronics will post 19.15 earnings per share for the current year.

Arrow Electronics announced that its board has authorized a stock buyback program on Wednesday, May 13th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 9.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

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

Institutional Trading of Arrow Electronics

A number of hedge funds have recently modified their holdings of ARW. Bayban bought a new position in Arrow Electronics during the first quarter worth about $26,000. Northwestern Mutual Wealth Management Co. increased its stake in Arrow Electronics by 112.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock valued at $27,000 after buying an additional 131 shares during the last quarter. Transamerica Financial Advisors LLC bought a new stake in Arrow Electronics during the fourth quarter worth about $27,000. Advisory Services Network LLC acquired a new stake in shares of Arrow Electronics in the 3rd quarter valued at approximately $31,000. Finally, Quarry LP bought a new position in shares of Arrow Electronics in the 3rd quarter valued at about $33,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Arrow Electronics

Here are the key news stories impacting Arrow Electronics this week:

• Positive Sentiment: Second-quarter results beat expectations: Arrow Electronics reported adjusted earnings of $5.45 per share, well above the $4.45 consensus estimate and up from $2.43 a year ago. Revenue increased 31.8% year over year to $9.99 billion, exceeding analysts’ $9.67 billion forecast. Arrow Electronics Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Above-consensus third-quarter guidance: Management forecast adjusted EPS of $4.83 to $5.03, compared with the $4.50 analyst consensus, and revenue of $9.6 billion to $10.2 billion versus expectations of $9.5 billion. The outlook signals continued demand and operating momentum. Arrow Electronics Earnings Report
• Neutral Sentiment: Leadership change announced: Arrow appointed Deidra C. Merriwether as president and chief operating officer. Investors may look for additional details on her responsibilities and strategic priorities. Arrow Electronics Appoints Deidra C. Merriwether
• Negative Sentiment: Price target was trimmed: Truist Financial lowered its target for ARW from $260 to $250, although it maintained a “buy” rating. The lower target may be weighing on sentiment, despite implying substantial potential upside from recent trading levels. Benzinga Arrow Electronics Price Target Update

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.