Carine Lamercie Jean-Claude Sells 1,000 Shares of Arrow Electronics (NYSE:ARW) Stock

Key Points

• Arrow Electronics SVP Carine Jean-Claude sold 1,000 shares at an average price of $209.85, for total proceeds of $209,850. Following the sale, she retained 11,626 shares, a 7.92% reduction in her holdings.
• Arrow reported quarterly adjusted earnings of $5.45 per share, exceeding estimates of $4.45, while revenue rose 31.8% year over year to $9.99 billion. The company guided for third-quarter EPS of $4.83–$5.03.
• The company authorized a $1 billion share-repurchase program, covering up to 9.7% of outstanding shares. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $233.25.

Arrow Electronics, Inc. (NYSE:ARW - Get Free Report) SVP Carine Jean-Claude sold 1,000 shares of Arrow Electronics 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Arrow Electronics Price Performance

Arrow Electronics stock traded up $5.47 during trading hours on Friday, hitting $216.34. The stock had a trading volume of 458,063 shares, compared to its average volume of 628,468. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.01. The stock has a market capitalization of $11.01 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.31 and a beta of 1.19. Arrow Electronics, Inc. has a 1-year low of $101.79 and a 1-year high of $237.33. The stock's fifty day moving average is $209.09 and its two-hundred day moving average is $190.68.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, topping analysts' consensus estimates of $4.45 by $1.00. The company had revenue of $9.99 billion during the quarter, compared to analysts' expectations of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.The business's revenue for the quarter was up 31.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, analysts predict that Arrow Electronics, Inc. will post 21.24 earnings per share for the current fiscal year.

Arrow Electronics announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 9.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Hedge Funds Weigh In On Arrow Electronics

Hedge funds and other institutional investors have recently modified their holdings of the company. Private Advisor Group LLC raised its holdings in Arrow Electronics by 2.6% in the first quarter. Private Advisor Group LLC now owns 3,054 shares of the technology company's stock valued at $438,000 after buying an additional 78 shares during the period. Root Financial Partners LLC lifted its position in Arrow Electronics by 38.9% during the first quarter. Root Financial Partners LLC now owns 282 shares of the technology company's stock valued at $40,000 after buying an additional 79 shares in the last quarter. Krilogy Financial LLC grew its stake in Arrow Electronics by 3.2% during the first quarter. Krilogy Financial LLC now owns 2,543 shares of the technology company's stock worth $365,000 after buying an additional 80 shares during the period. Gateway Investment Advisers LLC increased its position in shares of Arrow Electronics by 3.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 2,276 shares of the technology company's stock worth $251,000 after acquiring an additional 84 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Arrow Electronics by 0.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 10,567 shares of the technology company's stock worth $2,255,000 after acquiring an additional 84 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ARW. Truist Financial dropped their price objective on shares of Arrow Electronics from $260.00 to $250.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Wall Street Zen raised shares of Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th. Bank of America raised shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $122.00 to $233.00 in a research report on Wednesday, May 13th. Wells Fargo & Company increased their price target on shares of Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a research note on Friday, August 7th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $250.00 price target on shares of Arrow Electronics in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $233.25.

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.

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