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

Key Points

• Wall Street Zen downgraded Arrow Electronics from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy” with a $233.25 price target.
• Arrow Electronics reported strong quarterly results, posting $5.45 in EPS versus the $4.45 estimate and $9.99 billion in revenue, up 31.8% year over year.
• Shares opened at $219.82, up 2.2%, while institutional investors hold 99.34% of the company; an executive recently sold 1,000 shares worth about $209,850.

Arrow Electronics (NYSE:ARW - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

ARW has been the subject of several other research reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Arrow Electronics in a research note on Friday, August 21st. Zacks Research upgraded Arrow Electronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 1st. Raymond James Financial reaffirmed an "outperform" rating and set a $250.00 target price on shares of Arrow Electronics in a report on Friday, August 7th. Wells Fargo & Company raised their price target on Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a report on Friday, August 7th. Finally, Truist Financial lowered their price objective on Arrow Electronics from $260.00 to $250.00 and set a "buy" rating for the company in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $233.25.

Arrow Electronics Stock Up 2.2%

Shares of Arrow Electronics stock opened at $219.82 on Friday. The business has a 50-day moving average price of $211.66 and a 200 day moving average price of $195.15. Arrow Electronics has a fifty-two week low of $101.79 and a fifty-two week high of $237.33. The firm has a market cap of $11.19 billion, a P/E ratio of 14.05, a P/E/G 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 (NYSE:ARW - Get Free Report) last issued its 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 analyst estimates of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.The business's revenue was up 31.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, sell-side analysts forecast 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 that occurred 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 completion of the transaction, the senior vice president directly owned 11,626 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 0.80% of the company's stock.

Institutional Trading of Arrow Electronics

Several hedge funds have recently added to or reduced their stakes in ARW. Keating Financial Advisory Services Inc. acquired a new position in Arrow Electronics during the 2nd quarter worth $28,000. Fiduciary Financial Advisors bought a new stake in shares of Arrow Electronics during the second quarter valued at about $33,000. Jones Financial Companies Lllp acquired a new stake in Arrow Electronics in the second quarter worth about $37,000. Bayban bought a new position in Arrow Electronics in the 1st quarter valued at about $26,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in Arrow Electronics during the 2nd quarter valued at about $47,000. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Company Profile

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.

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