Eric Nowak Sells 3,473 Shares of Arrow Electronics (NYSE:ARW) Stock

Arrow Electronics, Inc. (NYSE:ARW) insider Eric Nowak sold 3,473 shares of Arrow Electronics stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $210.99, for a total value of $732,768.27. Following the completion of the transaction, the insider owned 48,835 shares in the company, valued at $10,303,696.65. The trade was a 6.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Arrow Electronics Price Performance

Shares of Arrow Electronics stock opened at $217.55 on Friday. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $219.01. The stock has a market capitalization of $11.12 billion, a P/E ratio of 15.56 and a beta of 1.16. The company has a current ratio of 1.24, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average price is $171.09 and its 200 day moving average price is $140.46.

Arrow Electronics (NYSE:ARW) last issued its earnings results on Thursday, May 7th. The technology company reported $5.22 earnings per share for the quarter, beating 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 firm had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter last year, the firm earned $1.80 earnings per share. The firm’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. As a group, research analysts anticipate that Arrow Electronics, Inc. will post 17.97 earnings per share for the current year.

Arrow Electronics declared that its Board of Directors has authorized a share buyback plan on Wednesday, May 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 9.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of Arrow Electronics by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 382,641 shares of the technology company’s stock worth $46,300,000 after acquiring an additional 11,288 shares during the last quarter. ACR Alpine Capital Research LLC increased its position in shares of Arrow Electronics by 12.1% during the third quarter. ACR Alpine Capital Research LLC now owns 2,416,815 shares of the technology company’s stock worth $292,435,000 after acquiring an additional 260,442 shares during the last quarter. Gradient Investments LLC purchased a new stake in shares of Arrow Electronics during the fourth quarter worth about $765,000. Optimize Financial Inc purchased a new stake in shares of Arrow Electronics during the third quarter worth about $1,312,000. Finally, Natixis Advisors LLC increased its position in shares of Arrow Electronics by 8.6% during the third quarter. Natixis Advisors LLC now owns 184,466 shares of the technology company’s stock worth $22,320,000 after acquiring an additional 14,665 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ARW. Truist Financial lifted their target price on Arrow Electronics from $183.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research upgraded Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Bank of America upgraded 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 note on Wednesday, May 13th. Raymond James Financial restated an “outperform” rating and set a $220.00 price objective on shares of Arrow Electronics in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded Arrow Electronics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.50.

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.