Wall Street Zen lowered shares of Arrow Electronics (NYSE:ARW – Free Report) from a strong-buy rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.
Other analysts have also recently issued research reports about the company. Wells Fargo & Company lifted their price target on Arrow Electronics from $175.00 to $200.00 and gave the stock an “underweight” rating in a research report on Friday, August 7th. Truist Financial cut their price objective on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arrow Electronics in a research report on Friday, August 21st. Raymond James Financial reiterated an “outperform” rating and issued a $250.00 price target on shares of Arrow Electronics in a report on Friday, August 7th. Finally, Zacks Research raised shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $233.25.
Read Our Latest Stock Analysis on Arrow Electronics
Arrow Electronics Price Performance
Arrow Electronics (NYSE:ARW – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, beating the consensus estimate of $4.45 by $1.00. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The firm had revenue of $9.99 billion during the quarter, compared to analyst estimates of $9.67 billion. During the same period last year, the firm posted $2.43 EPS. Arrow Electronics’s revenue was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, equities analysts forecast that Arrow Electronics will post 21.24 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Arrow Electronics news, SVP Carine Jean-Claude sold 1,000 shares of the company’s 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 owned 11,626 shares in the company, valued at approximately $2,439,716.10. This represents a 7.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.80% of the company’s stock.
Institutional Trading of Arrow Electronics
Institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its stake in Arrow Electronics by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,434 shares of the technology company’s stock valued at $7,562,000 after acquiring an additional 120 shares during the period. Sequoia Financial Advisors LLC raised its position in Arrow Electronics by 9.3% during the second quarter. Sequoia Financial Advisors LLC now owns 5,756 shares of the technology company’s stock worth $1,228,000 after acquiring an additional 492 shares during the period. Tidal Investments LLC lifted its holdings in Arrow Electronics by 66.9% during the second quarter. Tidal Investments LLC now owns 66,862 shares of the technology company’s stock valued at $14,269,000 after purchasing an additional 26,809 shares in the last quarter. WINTON GROUP Ltd grew its position in shares of Arrow Electronics by 447.0% in the second quarter. WINTON GROUP Ltd now owns 22,961 shares of the technology company’s stock valued at $4,900,000 after purchasing an additional 18,763 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in shares of Arrow Electronics during the second quarter worth about $2,795,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
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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