Arrow Electronics (NYSE:ARW) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Arrow Electronics (NYSE:ARW) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Wall Street Zen upgraded Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Wells Fargo & Company upped their price objective on Arrow Electronics from $165.00 to $175.00 and gave the company an “underweight” rating in a research note on Monday, July 20th. Truist Financial lifted their target price on Arrow Electronics from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Bank of America upgraded Arrow Electronics from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $122.00 to $233.00 in a report on Wednesday, May 13th. Finally, Raymond James Financial reissued an “outperform” rating and set a $220.00 price target on shares of Arrow Electronics in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Arrow Electronics has an average rating of “Hold” and an average target price of $222.00.

Arrow Electronics Stock Performance

Shares of NYSE:ARW opened at $227.95 on Monday. The business’s 50-day simple moving average is $215.65 and its 200 day simple moving average is $178.98. The company has a market cap of $11.65 billion, a P/E ratio of 16.31 and a beta of 1.20. Arrow Electronics has a one year low of $101.79 and a one year high of $237.33. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 1.24.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $5.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $2.30. The firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $8.39 billion. Arrow Electronics had a return on equity of 11.40% and a net margin of 2.17%.Arrow Electronics’s quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 EPS. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. On average, sell-side analysts forecast that Arrow Electronics will post 19.15 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In related news, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.00, for a total transaction of $648,000.00. Following the completion of the transaction, the senior vice president directly owned 12,626 shares in the company, valued at $2,727,216. This represents a 19.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric Nowak sold 3,473 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total value of $732,768.27. Following the completion of the sale, the insider directly owned 48,835 shares in the company, valued at $10,303,696.65. This represents a 6.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arrow Electronics

Several institutional investors have recently bought and sold shares of the stock. HUB Investment Partners LLC bought a new stake in shares of Arrow Electronics in the 2nd quarter worth approximately $355,000. Convergence Investment Partners LLC purchased a new stake in Arrow Electronics during the second quarter valued at about $2,294,000. Calamos Advisors LLC acquired a new position in shares of Arrow Electronics in the second quarter worth about $5,817,000. Lecap Asset Management Ltd. purchased a new position in shares of Arrow Electronics in the second quarter worth approximately $1,687,000. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Arrow Electronics by 2.3% during the second quarter. Pictet Asset Management Holding SA now owns 7,818 shares of the technology company’s stock valued at $1,668,000 after acquiring an additional 176 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

About Arrow Electronics

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.