Arrow Electronics (NYSE:ARW) Stock Rating Cut to Hold at 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 to clients and investors on Monday, Zacks reports.

A number of other research firms also recently weighed in on ARW. Wall Street Zen downgraded shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 19th. Wells Fargo & Company upped 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. Weiss Ratings raised shares of Arrow Electronics from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Truist Financial lowered their price target 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. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $250.00 price target on shares of Arrow Electronics in a research report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $233.25.

Arrow Electronics Trading Up 2.7%

NYSE ARW opened at $220.13 on Monday. The stock has a 50 day moving average price of $218.56 and a 200-day moving average price 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 announced 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 the consensus estimate of $9.67 billion. The company’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, sell-side analysts predict that Arrow Electronics will post 21.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Arrow Electronics

In other news, SVP Carine Jean-Claude sold 1,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total transaction of $209,850.00. Following the completion of the sale, the senior vice president directly owned 11,626 shares of the company’s stock, valued at approximately $2,439,716.10. The trade was a 7.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ARW. State Street Corp lifted its position in Arrow Electronics by 0.5% during the second quarter. State Street Corp now owns 1,694,603 shares of the technology company’s stock valued at $361,645,000 after acquiring an additional 8,238 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Arrow Electronics by 307.9% in the second quarter. Assenagon Asset Management S.A. now owns 220,920 shares of the technology company’s stock valued at $47,147,000 after acquiring an additional 166,762 shares in the last quarter. Empowered Funds LLC grew its holdings in Arrow Electronics by 306.8% in the first quarter. Empowered Funds LLC now owns 36,928 shares of the technology company’s stock worth $5,296,000 after purchasing an additional 27,851 shares during the last quarter. Calamos Advisors LLC purchased a new position in Arrow Electronics in the second quarter worth $5,817,000. Finally, Quantinno Capital Management LP grew its holdings in Arrow Electronics by 287.7% in 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 during the last quarter. 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.