Arrow Electronics (NYSE:ARW) Stock Rating Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Arrow Electronics (NYSE:ARW) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks reports.

Other analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th. Raymond James Financial restated an “outperform” rating and set a $250.00 price target on shares of Arrow Electronics in a research report on Friday, August 7th. Truist Financial reduced their price objective on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Wells Fargo & Company lifted their price objective on Arrow Electronics from $175.00 to $200.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. Finally, Weiss Ratings upgraded 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 given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Arrow Electronics presently has an average rating of “Hold” and a consensus price target of $233.25.

Arrow Electronics Price Performance

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

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, topping analysts’ consensus estimates 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. During the same quarter in the previous year, the firm posted $2.43 earnings per share. The company’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, analysts anticipate that Arrow Electronics will post 21.24 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Carine Jean-Claude sold 1,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total value of $209,850.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arrow Electronics

Large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Arrow Electronics in the second quarter worth about $1,070,534,000. ACR Alpine Capital Research LLC increased its position in shares of Arrow Electronics by 3.9% during the first quarter. ACR Alpine Capital Research LLC now owns 3,578,313 shares of the technology company’s stock valued at $513,166,000 after acquiring an additional 132,720 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Arrow Electronics by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,007,509 shares of the technology company’s stock valued at $431,280,000 after acquiring an additional 11,894 shares in the last quarter. State Street Corp increased its position in shares of 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 in the last quarter. Finally, Bank of America Corp DE purchased a new position in Arrow Electronics in the 2nd quarter worth approximately $270,981,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

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.