Arrow Electronics Stock Price, News & Analysis (NYSE:ARW)

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ARW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARW, but not buy additional shares or sell existing shares.
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5 Wall Street research analysts have issued 1 year price objectives for Arrow Electronics' stock. Their ARW share price targets range from $100.00 to $150.00. On average, they expect the company's share price to reach $133.67 in the next year. This suggests a possible upside of 12.7% from the stock's current price.
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Arrow Electronics' stock was trading at $104.57 at the beginning of 2023. Since then, ARW stock has increased by 13.4% and is now trading at $118.57.
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Arrow Electronics saw a increase in short interest in November. As of November 15th, there was short interest totaling 2,820,000 shares, an increase of 13.7% from the October 31st total of 2,480,000 shares. Based on an average trading volume of 454,500 shares, the short-interest ratio is currently 6.2 days. Approximately 5.3% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
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Arrow Electronics, Inc. (NYSE:ARW) issued its quarterly earnings results on Thursday, November, 2nd. The technology company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.66. The technology company had revenue of $8.01 billion for the quarter, compared to analysts' expectations of $8.09 billion. Arrow Electronics had a trailing twelve-month return on equity of 19.78% and a net margin of 3.06%.

ETFs with the largest weight of Arrow Electronics (NYSE:ARW) stock in their portfolio include Invesco S&P MidCap 400 Pure Value ETF (RFV), Innovator IBD Breakout Opportunities ETF (BOUT), Qraft AI-Enhanced Next Value ETF (NVQ), Invesco S&P MidCap Value with Momentum ETF (XMVM), Alpha Architect U.S. Quantitative Value ETF (QVAL), SRH U.S. Quality ETF (SRHQ), Convergence Long/Short Equity ETF (CLSE) and Invesco S&P MidCap 400 Revenue ETF (RWK).

Arrow Electronics announced that its Board of Directors has initiated a share repurchase program on Thursday, September 15th 2022, which allows the company to repurchase $600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 9.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Arrow Electronics issued an update on its fourth quarter earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $3.61-3.81 for the period, compared to the consensus EPS estimate of $3.69. The company issued revenue guidance of $7.50-8.10 billion, compared to the consensus revenue estimate of $8.17 billion.

587 employees have rated Arrow Electronics Chief Executive Officer Mike Long on Glassdoor.com. Mike Long has an approval rating of 53% among the company's employees. This puts Mike Long in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Arrow Electronics investors own include Intel (INTC), Gilead Sciences (GILD), Micron Technology (MU), Bank of America (BAC), NVIDIA (NVDA), Alibaba Group (BABA), UnitedHealth Group (UNH), Applied Materials (AMAT), Walt Disney (DIS) and Advanced Micro Devices (AMD).

Arrow Electronics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include LSV Asset Management (4.62%), AQR Capital Management LLC (3.61%), Greenhaven Associates Inc. (3.16%), Ameriprise Financial Inc. (2.15%), Earnest Partners LLC (2.12%) and Caisse DE Depot ET Placement DU Quebec (1.75%). Insiders that own company stock include Andrew Charles Kerin, Carine Lamercie Jean-Claude, Charles Kostalnick II, Christopher Stansbury, David Alan West, Gail Hamilton, Gretchen Zech, Kristin Diana Russell, Mary Catherine Morris, Michael J Long, Richard A Seidlitz, Sean J Kerins, Vincent P Melvin and Wei Victor Alejandro Gao.
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Shares of ARW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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