Arrow Electronics (NYSE:ARW) Trading Up 6.4% - What's Next?

Key Points

• Arrow Electronics shares rose 6.4% to about $227, although trading volume was 87% below the average session level.
• Analyst sentiment remains positive: the stock has a “Moderate Buy” consensus rating and an average price target of $233.25, with recent upgrades to “Strong Buy.”
• Arrow reported strong quarterly results, with EPS of $5.45 beating estimates by $1.00 and revenue rising 31.8% year over year to $9.99 billion; institutional investors own 99.34% of the shares.

Shares of Arrow Electronics, Inc. (NYSE:ARW - Get Free Report) traded up 6.4% during trading on Friday . The stock traded as high as $224.20 and last traded at $227.0310. 78,295 shares were traded during trading, a decline of 87% from the average session volume of 626,215 shares. The stock had previously closed at $213.44.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ARW shares. Zacks Research upgraded shares of Arrow Electronics from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 1st. Wall Street Zen raised shares of Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 25th. Raymond James Financial reiterated an "outperform" rating and set a $250.00 price objective on shares of Arrow Electronics in a report on Friday, August 7th. Truist Financial cut their price objective on shares of Arrow Electronics from $260.00 to $250.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Arrow Electronics in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $233.25.

Arrow Electronics Trading Up 6.1%

The business has a fifty day moving average of $209.62 and a 200-day moving average of $192.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.22. The company has a market capitalization of $11.52 billion, a P/E ratio of 14.46, a PEG ratio of 0.32 and a beta of 1.19.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, beating analysts' consensus estimates of $4.45 by $1.00. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The business had revenue of $9.99 billion during the quarter, compared to analyst estimates of $9.67 billion. During the same quarter in the previous year, the business posted $2.43 EPS. Arrow Electronics's quarterly 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. Analysts anticipate that Arrow Electronics, Inc. will post 21.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arrow Electronics news, SVP Carine Jean-Claude sold 1,000 shares of Arrow Electronics stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $209.85, for a total transaction of $209,850.00. Following the completion of the transaction, the senior vice president owned 11,626 shares in the company, valued at approximately $2,439,716.10. The trade was a 7.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.80% of the company's stock.

Institutional Trading of Arrow Electronics

Institutional investors and hedge funds have recently modified their holdings of the stock. MUFG Securities EMEA plc purchased a new position in shares of Arrow Electronics in the 4th quarter valued at approximately $14,544,000. Intech Investment Management LLC grew its position in Arrow Electronics by 92.3% during the 4th quarter. Intech Investment Management LLC now owns 10,042 shares of the technology company's stock worth $1,106,000 after purchasing an additional 4,821 shares during the last quarter. Empowered Funds LLC increased its stake in Arrow Electronics by 306.8% during the 1st quarter. Empowered Funds LLC now owns 36,928 shares of the technology company's stock valued at $5,296,000 after purchasing an additional 27,851 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Arrow Electronics by 307.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 220,920 shares of the technology company's stock valued at $47,147,000 after purchasing an additional 166,762 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in shares of Arrow Electronics by 48.0% in the fourth quarter. Atria Investments Inc now owns 80,092 shares of the technology company's stock worth $8,825,000 after buying an additional 25,965 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

About Arrow Electronics

Arrow Electronics, Inc is a global technology distributor that connects electronic component manufacturers with original equipment manufacturers, contract manufacturers and other commercial customers. The company supplies semiconductors, passive components, electromechanical products and related embedded technologies used in products across industries such as communications, industrial, automotive, aerospace and defense, and consumer electronics.

Through its enterprise computing solutions business, Arrow also provides information-technology products and services, including data-center and cloud solutions, software, security, storage, networking and professional services.

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