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

Key Points

• Arrow Electronics has been upgraded from a "hold" rating to a "strong-buy" rating by Zacks Research, indicating increased analyst confidence in the stock.
• The company reported an earnings per share (EPS) of $2.43 for the last quarter, surpassing analysts' estimates and showing a 10% revenue growth year-over-year.
• CEO Sean J. Kerins made a significant insider purchase of 8,630 shares, reflecting strong confidence in the company's future performance.

Arrow Electronics (NYSE:ARW - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.

Several other analysts have also recently issued reports on ARW. Wall Street Zen raised shares of Arrow Electronics from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Arrow Electronics in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $115.75.

Arrow Electronics Trading Up 0.9%

NYSE ARW opened at $119.10 on Thursday. The company's fifty day simple moving average is $123.20 and its 200-day simple moving average is $120.08. Arrow Electronics has a 52 week low of $86.50 and a 52 week high of $137.80. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market cap of $6.13 billion, a P/E ratio of 13.47, a PEG ratio of 0.56 and a beta of 1.09.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its earnings results on Thursday, July 31st. The technology company reported $2.43 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.40. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. The business had revenue of $7.58 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the company posted $2.78 earnings per share. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. Equities research analysts predict that Arrow Electronics will post 10.57 EPS for the current fiscal year.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CEO Sean J. Kerins bought 8,630 shares of the company's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $114.91 per share, with a total value of $991,673.30. Following the completion of the acquisition, the chief executive officer owned 122,408 shares of the company's stock, valued at approximately $14,065,903.28. This trade represents a 7.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.

Institutional Trading of Arrow Electronics

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its holdings in shares of Arrow Electronics by 25.2% during the second quarter. Geneos Wealth Management Inc. now owns 442 shares of the technology company's stock worth $56,000 after purchasing an additional 89 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Arrow Electronics by 12.3% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 821 shares of the technology company's stock worth $105,000 after acquiring an additional 90 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Arrow Electronics by 84.2% during the second quarter. Farther Finance Advisors LLC now owns 221 shares of the technology company's stock worth $28,000 after acquiring an additional 101 shares during the last quarter. Meritage Portfolio Management grew its position in shares of Arrow Electronics by 4.3% during the second quarter. Meritage Portfolio Management now owns 2,440 shares of the technology company's stock worth $311,000 after acquiring an additional 101 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC grew its position in shares of Arrow Electronics by 4.2% during the first quarter. Beverly Hills Private Wealth LLC now owns 2,643 shares of the technology company's stock worth $274,000 after acquiring an additional 106 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

About Arrow Electronics

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.

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