Synovus Financial weighs merger options after drawing interest - Bloomberg
Gail Hamilton, a director at Arrow Electronics , Inc. (NYSE:ARW), a prominent player in the Electronic Equipment industry with a market cap of $6.4 billion and "GOOD" InvestingPro Financial Health score, has sold 1,457.85 shares of the company’s common stock. The transaction, dated May 12, 2025, was executed at a price of $122.39 per share, totaling approximately $178,426. Following this sale, Hamilton holds 101.07 shares directly. The sale was reported in a recent SEC filing. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value calculation, despite trading near $122.64. Notably, management has been actively buying back shares, demonstrating confidence in the company’s prospects. For deeper insights into insider trading patterns and 10+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Arrow Electronics reported its first-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of $1.80, compared to the forecasted $1.44. The company also exceeded revenue projections, reporting $6.81 billion against the expected $6.36 billion. Arrow Electronics’ Enterprise Computing Solutions segment demonstrated significant growth, increasing by 18% year-over-year. The company has maintained positive cash flow for seven consecutive quarters, highlighting its financial stability. Arrow Electronics anticipates a cyclical turning point with improved book-to-bill ratios and growing backlogs. Looking ahead, the company expects second-quarter sales to range between $6.7 billion and $7.3 billion, with non-GAAP EPS projected to be between $1.90 and $2.10. Despite potential risks such as supply chain disruptions and tariff-related uncertainties, Arrow Electronics remains optimistic about its prospects in the Asia region and among OEM customers. Analyst firms have not reported any recent upgrades or downgrades for Arrow Electronics, but the company’s strong performance and positive outlook have instilled confidence among investors.
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