Arrow Electronics (NYSE:ARW) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Arrow Electronics (NYSE:ARW) from a buy rating to a hold rating in a report published on Saturday morning.

Several other brokerages also recently commented on ARW. Weiss Ratings restated a “hold (c)” rating on shares of Arrow Electronics in a research note on Wednesday, October 8th. Zacks Research upgraded Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Wells Fargo & Company cut their price objective on shares of Arrow Electronics from $98.00 to $94.00 and set an “underweight” rating for the company in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $102.00.

Arrow Electronics Stock Up 0.1%

ARW opened at $111.65 on Friday. Arrow Electronics has a 12 month low of $86.50 and a 12 month high of $134.74. The company has a market cap of $5.75 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.55 and a beta of 1.09. 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 company has a 50 day moving average of $121.68 and a 200 day moving average of $122.15.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, October 30th. The technology company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.13. Arrow Electronics had a return on equity of 8.37% and a net margin of 1.64%.The firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter in the prior year, the business posted $2.38 earnings per share. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Arrow Electronics has set its Q4 2025 guidance at 3.440-3.640 EPS. On average, sell-side analysts expect that Arrow Electronics will post 10.57 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. AlphaQuest LLC bought a new stake in Arrow Electronics during the third quarter valued at approximately $631,000. Arizona State Retirement System raised its position in shares of Arrow Electronics by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 15,350 shares of the technology company’s stock valued at $1,857,000 after buying an additional 213 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Arrow Electronics by 3.0% during the 3rd quarter. New York State Common Retirement Fund now owns 128,911 shares of the technology company’s stock worth $15,598,000 after acquiring an additional 3,700 shares during the last quarter. Truist Financial Corp grew its position in Arrow Electronics by 1.9% in the third quarter. Truist Financial Corp now owns 5,410 shares of the technology company’s stock worth $655,000 after acquiring an additional 103 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in Arrow Electronics in the third quarter valued at $203,000. 99.34% of the stock is currently owned by institutional investors.

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.