Arrow Electronics (NYSE:ARW) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Arrow Electronics (NYSE:ARW) from a strong-buy rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

Other research analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arrow Electronics in a research report on Friday, August 21st. Truist Financial lowered their target price on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a report on Friday, August 7th. Wells Fargo & Company increased their target price on shares of Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a research report on Friday, August 7th. Zacks Research upgraded shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 1st. Finally, Raymond James Financial reissued an “outperform” rating and issued a $250.00 price target on shares of Arrow Electronics in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Arrow Electronics presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.25.

Arrow Electronics Price Performance

Arrow Electronics stock opened at $219.82 on Friday. The company’s 50 day moving average is $211.66 and its two-hundred day moving average is $195.15. The firm has a market cap of $11.19 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.32 and a beta of 1.19. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. Arrow Electronics has a 52-week low of $101.79 and a 52-week high of $237.33.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $1.00. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.The business had revenue of $9.99 billion for the quarter, compared to analysts’ expectations of $9.67 billion. During the same period last year, the firm earned $2.43 earnings per share. The company’s revenue for the quarter was up 31.8% compared to the same quarter last year. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, research analysts expect that Arrow Electronics will post 21.24 EPS for the current fiscal year.

Insider Activity

In other news, SVP Carine Jean-Claude sold 1,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $209.85, for a total value of $209,850.00. Following the completion of the transaction, the senior vice president directly owned 11,626 shares of the company’s stock, valued at $2,439,716.10. The trade was a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arrow Electronics

Several hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in shares of Arrow Electronics by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,434 shares of the technology company’s stock valued at $7,562,000 after buying an additional 120 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Arrow Electronics by 9.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,756 shares of the technology company’s stock valued at $1,228,000 after acquiring an additional 492 shares in the last quarter. Tidal Investments LLC lifted its holdings in Arrow Electronics by 66.9% in the second quarter. Tidal Investments LLC now owns 66,862 shares of the technology company’s stock worth $14,269,000 after purchasing an additional 26,809 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Arrow Electronics by 447.0% in the 2nd quarter. WINTON GROUP Ltd now owns 22,961 shares of the technology company’s stock worth $4,900,000 after acquiring an additional 18,763 shares during the period. Finally, Engineers Gate Manager LP bought a new position in Arrow Electronics during the 2nd quarter valued at $2,795,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

About Arrow Electronics

Arrow Electronics, Inc is a global technology distributor that connects electronic component manufacturers with original equipment manufacturers, contract manufacturers and other commercial customers. The company supplies semiconductors, passive components, electromechanical products and related embedded technologies used in products across industries such as communications, industrial, automotive, aerospace and defense, and consumer electronics.

Through its enterprise computing solutions business, Arrow also provides information-technology products and services, including data-center and cloud solutions, software, security, storage, networking and professional services.