Arrow Electronics (NYSE:ARW) Upgraded by Bank of America to “Neutral” Rating

Bank of America upgraded shares of Arrow Electronics (NYSE:ARW) from an underperform rating to a neutral rating in a research report report published on Wednesday, MarketBeat reports. Bank of America currently has $233.00 price target on the technology company’s stock, up from their prior price target of $122.00.

Several other brokerages also recently commented on ARW. Weiss Ratings upgraded shares of Arrow Electronics from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Wall Street Zen raised shares of Arrow Electronics from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Wells Fargo & Company raised their price target on Arrow Electronics from $140.00 to $165.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Zacks Research upgraded Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $220.00 target price on shares of Arrow Electronics in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $214.50.

Arrow Electronics Stock Performance

NYSE:ARW opened at $211.89 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 1.24. The stock has a 50-day simple moving average of $161.33 and a two-hundred day simple moving average of $135.93. The firm has a market capitalization of $10.83 billion, a PE ratio of 15.16, a P/E/G ratio of 0.82 and a beta of 1.16. Arrow Electronics has a 52-week low of $101.79 and a 52-week high of $212.44.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $5.22 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $8.39 billion. During the same quarter last year, the company earned $1.80 earnings per share. The business’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. Analysts forecast that Arrow Electronics will post 16.26 EPS for the current year.

Arrow Electronics announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 13th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Arrow Electronics

In related news, insider Richard John Marano sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $155.32, for a total value of $388,300.00. Following the sale, the insider directly owned 24,096 shares in the company, valued at approximately $3,742,590.72. The trade was a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William F. Austen purchased 3,960 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average cost of $151.87 per share, with a total value of $601,405.20. Following the completion of the purchase, the chief executive officer owned 44,722 shares of the company’s stock, valued at $6,791,930.14. The trade was a 9.71% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.80% of the stock is owned by insiders.

Institutional Trading of Arrow Electronics

Several hedge funds have recently modified their holdings of the company. Sei Investments Co. grew its holdings in shares of Arrow Electronics by 13.1% in the first quarter. Sei Investments Co. now owns 1,013,281 shares of the technology company’s stock valued at $145,313,000 after purchasing an additional 117,620 shares in the last quarter. Lido Advisors LLC purchased a new stake in Arrow Electronics during the first quarter valued at $214,000. Walleye Capital LLC lifted its position in Arrow Electronics by 1,607.6% during the first quarter. Walleye Capital LLC now owns 129,849 shares of the technology company’s stock valued at $18,622,000 after purchasing an additional 122,245 shares during the last quarter. State of Wyoming lifted its position in Arrow Electronics by 14.9% during the first quarter. State of Wyoming now owns 3,039 shares of the technology company’s stock valued at $436,000 after purchasing an additional 395 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Arrow Electronics in the 1st quarter worth $505,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Company Profile

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.