In yesterday’s Wall Street session, Arrow Electronics Inc. (NYSE:ARW) shares traded at $115.00, down -0.89% from the previous session.
8 analysts cover Arrow Electronics Inc. (NYSE:ARW), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $150.00 and a low of $100.00, we find $131.00. Given the previous closing price of $116.03, this indicates a potential upside of 12.9 percent. ARW stock price is now -2.33% away from the 50-day moving average and 4.21% away from the 200-day moving average. The market capitalization of the company currently stands at $6.76B.
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The stock has received a hold rating from 6 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $130.29 as their price target over the next twelve months.
With the price target reduced from $125 to $87, Wells Fargo Downgraded its rating from Equal Weight to Underweight for Arrow Electronics Inc. (NYSE: ARW). On February 02, 2022, Raymond James Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $150, while ‘Longbow’ rates the stock as ‘Neutral’.
In other news, LONG MICHAEL J, Executive Chairman sold 884 shares of the company’s stock on Mar 09. The stock was sold for $106,080 at an average price of $120.00. Upon completion of the transaction, the Executive Chairman now directly owns 208,288 shares in the company, valued at $23.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06, Executive Chairman LONG MICHAEL J sold 3,712 shares of the business’s stock. A total of $446,516 was realized by selling the stock at an average price of $120.29. This leaves the insider owning 209,172 shares of the company worth $24.05 million. Insiders disposed of 114,411 shares of company stock worth roughly $13.16 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ARW stock. A new stake in Arrow Electronics Inc. shares was purchased by CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. during the first quarter worth $9,063,000. CI PRIVATE WEALTH, LLC invested $5,757,000 in shares of ARW during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Arrow Electronics Inc. valued at approximately $5,441,000. ING GROEP NV acquired a new stake in ARW for approximately $3,887,000. AGF MANAGEMENT LTD purchased a new stake in ARW valued at around $3,782,000 in the second quarter.
On Monday morning Arrow Electronics Inc. (NYSE: ARW) stock kicked off with the opening price of $114.19. During the past 12 months, Arrow Electronics Inc. has had a low of $89.38 and a high of $134.56. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 1.50, and a quick ratio of 1.10. The fifty day moving average price for ARW is $117.74 and a two-hundred day moving average price translates $110.36 for the stock.
The latest earnings results from Arrow Electronics Inc. (NYSE: ARW) was released for Dec, 2022. According to the Electronics & Computer Distribution Company, earnings per share came in at $5.69, beating analysts’ expectations of $5.68 by 0.01. This compares to $5.16 EPS in the same period last year. The net profit margin was 3.80% and return on equity was 26.50% for ARW. The company reported revenue of $9.32 billion for the quarter, compared to $9.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.4 percent. For the current quarter, analysts expect ARW to generate $8.61B in revenue.
Arrow Electronics Inc.(ARW) Company Profile
Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products, including capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services. The Global Enterprise Computing Solutions segment offers computing solutions, such as datacenter, cloud, security, and analytics solutions. This segment provides access to various services, including engineering and integration support, warehousing and logistics, marketing resources, and authorized hardware and software training. The company serves original equipment manufacturers, value-added resellers, managed service providers, contract manufacturers, and other commercial customers. Arrow Electronics, Inc. was founded in 1935 and is based in Centennial, Colorado.
