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

Arrow Electronics (NYSE:ARW) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Truist Financial lifted their price objective on Arrow Electronics from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Raymond James Financial restated an “outperform” rating and set a $220.00 target price on shares of Arrow Electronics in a report on Friday, May 8th. Wells Fargo & Company lifted their target price on shares of Arrow Electronics from $165.00 to $175.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arrow Electronics in a report on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $222.00.

Arrow Electronics Stock Performance

NYSE:ARW opened at $227.95 on Monday. The firm’s fifty day simple moving average is $215.65 and its 200-day simple moving average is $178.98. The company has a quick ratio of 1.02, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The stock has a market cap of $11.65 billion, a PE ratio of 16.31 and a beta of 1.20. Arrow Electronics has a fifty-two week low of $101.79 and a fifty-two week high of $237.33.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $5.22 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $2.30. Arrow Electronics had a net margin of 2.17% and a return on equity of 11.40%. The firm had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the firm earned $1.80 earnings per share. The firm’s revenue was up 39.0% on a year-over-year basis. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. Analysts expect 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 plan on Wednesday, May 13th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at Arrow Electronics

In other news, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were 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 owned 12,626 shares of the company’s stock, valued at approximately $2,727,216. The trade was a 19.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Eric Nowak sold 3,473 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total transaction of $732,768.27. Following the completion of the sale, the insider directly owned 48,835 shares of the company’s stock, valued at $10,303,696.65. The trade was a 6.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arrow Electronics

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Arrow Electronics by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,122,857 shares of the technology company’s stock valued at $674,616,000 after acquiring an additional 37,417 shares during the period. ACR Alpine Capital Research LLC grew its position in Arrow Electronics by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 3,578,313 shares of the technology company’s stock worth $513,166,000 after purchasing an additional 132,720 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Arrow Electronics by 37.7% in the third quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company’s stock valued at $384,818,000 after purchasing an additional 871,585 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Arrow Electronics by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,007,509 shares of the technology company’s stock valued at $431,280,000 after buying an additional 11,894 shares in the last quarter. Finally, FIL Ltd raised its position in Arrow Electronics by 33.8% during the fourth quarter. FIL Ltd now owns 1,231,833 shares of the technology company’s stock valued at $135,723,000 after buying an additional 310,936 shares during the period. 99.34% of the stock is owned by institutional investors.

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.