Arrow Electronics CEO Kerins buys $991k in company stock

Published 04/08/2025, 22:50
Arrow Electronics CEO Kerins buys $991k in company stock

Arrow Electronics (NYSE:ARW), a $6 billion electronic equipment company trading at 13 times earnings, saw its President and CEO Sean J. Kerins acquire 8,630 shares of common stock on August 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The insider purchase comes as InvestingPro analysis indicates the stock is undervalued, with shares down nearly 10% in the past week. The shares were purchased in a series of transactions with prices ranging from $114.67 to $115.17, averaging $114.9123, for a total value of $991,693. Following the transaction, Kerins directly owns 122,408 shares of Arrow Electronics. This insider buying aligns with two key InvestingPro observations: management’s aggressive share buybacks and the stock’s oversold status, with eight additional exclusive insights available to subscribers.

In other recent news, Arrow Electronics reported strong financial results for the second quarter of 2025, exceeding analyst expectations. The company achieved an earnings per share (EPS) of $2.43, surpassing the forecasted $2.06, marking a 17.96% earnings surprise. Additionally, Arrow Electronics’ revenue climbed to $7.58 billion, outperforming the anticipated $7.15 billion. Despite these positive financial results, the stock experienced a decline in aftermarket trading, which was attributed to investor concerns over future market conditions. These developments highlight the company’s recent performance and market reactions.

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