Arrow Electronics (NYSE:ARW) Stock Gets Downgrade from Zacks Research

Arrow Electronics (NYSE:ARW) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

Other research analysts also recently issued reports about the company. Weiss Ratings upgraded Arrow Electronics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Raymond James Financial restated an “outperform” rating and set a $250.00 target price on shares of Arrow Electronics in a research report on Friday, August 7th. Truist Financial lowered their price target on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Wells Fargo & Company lifted their price target on Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a research report on Friday, August 7th. Finally, Wall Street Zen downgraded shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 19th. Three 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $233.25.

Arrow Electronics Trading Up 2.7%

Shares of NYSE:ARW opened at $220.13 on Monday. Arrow Electronics has a 12-month low of $101.79 and a 12-month high of $249.43. The business’s fifty day simple moving average is $218.56 and its 200-day simple moving average is $188.83.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, topping the consensus estimate of $4.45 by $1.00. The company had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $9.67 billion. The company’s revenue was up 31.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, equities analysts anticipate that Arrow Electronics will post 21.24 earnings per share for the current year.

Insider Transactions at Arrow Electronics

In other news, SVP Carine Jean-Claude sold 1,000 shares of Arrow Electronics stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $209.85, for a total transaction of $209,850.00. Following the transaction, the senior vice president owned 11,626 shares in the company, valued at $2,439,716.10. The trade was a 7.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by insiders.

Institutional Trading of Arrow Electronics

Several institutional investors have recently made changes to their positions in ARW. BlackRock Inc. purchased a new stake in Arrow Electronics in the second quarter valued at $1,070,534,000. Bank of America Corp DE purchased a new stake in shares of Arrow Electronics during the second quarter worth $270,981,000. Wedge Capital Management L L P NC acquired a new stake in Arrow Electronics in the 2nd quarter valued at about $72,308,000. Bank of New York Mellon Corp purchased a new position in Arrow Electronics in the second quarter worth approximately $71,338,000. Finally, Quantinno Capital Management LP grew its stake in shares of Arrow Electronics by 287.7% during the first quarter. Quantinno Capital Management LP now owns 309,430 shares of the technology company’s stock worth $44,375,000 after purchasing an additional 229,612 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Arrow Electronics Company Profile

Arrow Electronics, Inc is a global distributor of electronic components and enterprise computing solutions. The company connects manufacturers of technology products with customers, including original equipment manufacturers, contract manufacturers, commercial enterprises and government organizations.

Arrow’s components business distributes products such as semiconductors, embedded systems, passive and electromechanical components, and related engineering services. Its enterprise computing solutions business provides technology products and services involving data center, cloud, security, networking and software solutions.