Arrow Electronics (NYSE:ARW) Stock Rating Lowered by Zacks Research

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

Other equities analysts have also issued reports about the stock. Wells Fargo & Company increased their price objective 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. Raymond James Financial reissued 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 cut their price target on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Wall Street Zen lowered shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th. Finally, Weiss Ratings raised shares of Arrow Electronics from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $233.25.

Arrow Electronics Trading Up 2.7%

Arrow Electronics stock opened at $220.13 on Monday. The stock has a 50-day moving average of $218.56 and a two-hundred day moving average of $188.83. Arrow Electronics has a one year low of $101.79 and a one year high of $249.43.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, topping the consensus estimate of $4.45 by $1.00. The business had revenue of $9.99 billion during the quarter, compared to analyst estimates of $9.67 billion. During the same period in the prior year, the business posted $2.43 EPS. Arrow Electronics’s revenue 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. As a group, sell-side analysts forecast that Arrow Electronics will post 21.24 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Carine Jean-Claude sold 1,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total value of $209,850.00. Following the sale, the senior vice president directly owned 11,626 shares of the company’s stock, valued at $2,439,716.10. This represents a 7.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bayban acquired a new position in Arrow Electronics during the first quarter valued at $26,000. Keating Financial Advisory Services Inc. purchased a new stake in Arrow Electronics in the second quarter valued at $28,000. Fiduciary Financial Advisors acquired a new stake in Arrow Electronics during the 2nd quarter worth about $33,000. Evergreen Advisors LLC acquired a new stake in Arrow Electronics during the 1st quarter worth about $36,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of Arrow Electronics during the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

About Arrow Electronics

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.