Arrow Electronics (ARW) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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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6 equities research analysts have issued 12 month target prices for Arrow Electronics' stock. Their ARW share price forecasts range from $100.00 to $150.00. On average, they predict the company's stock price to reach $126.71 in the next twelve months. This suggests that the stock has a possible downside of 1.6%.
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Arrow Electronics' stock was trading at $104.57 at the beginning of 2023. Since then, ARW stock has increased by 23.2% and is now trading at $128.79.
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Arrow Electronics saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,420,000 shares, a decline of 11.8% from the April 30th total of 1,610,000 shares. Based on an average daily trading volume, of 463,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 2.5% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Arrow Electronics, Inc. (NYSE:ARW) issued its quarterly earnings data on Thursday, May, 4th. The technology company reported $4.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.47 by $0.13. The technology company earned $8.74 billion during the quarter, compared to the consensus estimate of $8.61 billion. Arrow Electronics had a net margin of 3.63% and a trailing twelve-month return on equity of 24.92%. The company's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $5.43 earnings per share.

ETFs with the largest weight of Arrow Electronics (NYSE:ARW) stock in their portfolio include Invesco S&P MidCap Value with Momentum ETF (XMVM), Invesco S&P MidCap 400 Pure Value ETF (RFV), Qraft AI-Enhanced Next Value ETF (NVQ), Invesco S&P MidCap 400 Revenue ETF (RWK), First Trust Technology AlphaDEX Fund (FXL), SRH U.S. Quality ETF (SRHQ), Convergence Long/Short Equity ETF (CLSE) and Invesco S&P MidCap Quality ETF (XMHQ).

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

Arrow Electronics issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $4.25-$4.45 for the period, compared to the consensus estimate of $4.11. The company issued revenue guidance of $8.42 billion-$9.02 billion, compared to the consensus revenue estimate of $8.52 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARW."

Arrow Electronics' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (13.23%), Cooke & Bieler LP (4.83%), State Street Corp (4.79%), LSV Asset Management (4.65%), Dimensional Fund Advisors LP (4.58%) and AQR Capital Management LLC (3.56%). 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, Lily Yan Hughes, Mary Catherine Morris, Michael J Long, Richard A Seidlitz, Richard Hill, 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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One share of ARW stock can currently be purchased for approximately $128.79.

Arrow Electronics (NYSE:ARW) has a market capitalization of $7.28 billion and generates $36.79 billion in revenue each year. The technology company earns $1.43 billion in net income (profit) each year or $21.07 on an earnings per share basis.

The company employs 22,300 workers across the globe.

Arrow Electronics' mailing address is 9201 East Dry Creek Road, Centennial CO, 80112. The official website for the company is www.arrow.com. The technology company can be reached via phone at (303) 824-4000, via email at sobrien@arrow.com, or via fax at 631-847-2222.