Arrow Electronics (NYSE:ARW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Arrow Electronics (NYSE:ARW) from a buy rating to a strong-buy rating in a report issued on Saturday,Wall Street Zen reports.

ARW has been the topic of several other reports. Raymond James Financial reissued an “outperform” rating and set a $250.00 price target on shares of Arrow Electronics in a research report on Friday, August 7th. Wells Fargo & Company raised their price objective 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 decreased their price objective on Arrow Electronics from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday. Zacks Research cut Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Finally, Weiss Ratings upgraded Arrow Electronics from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $228.25.

Arrow Electronics Trading Up 6.1%

Arrow Electronics stock opened at $192.05 on Friday. The company has a 50 day moving average price of $217.67 and a 200 day moving average price of $192.69. Arrow Electronics has a 52 week low of $101.79 and a 52 week high of $249.43. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.22. The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 0.30 and a beta of 1.20.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, November 5th. The technology company reported $6.22 earnings per share for the quarter, topping the consensus estimate of $5.06 by $1.16. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The firm had revenue of $10.72 billion for the quarter, compared to analysts’ expectations of $10.07 billion. During the same period in the previous year, the company posted $2.41 EPS. The company’s quarterly revenue was up 39.0% compared to the same quarter last year. Arrow Electronics has set its Q4 2026 guidance at 7.000-7.200 EPS. Research analysts forecast that Arrow Electronics will post 21.24 EPS for the current year.

Insider Buying and Selling at Arrow Electronics

In other news, SVP Carine Jean-Claude sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president directly owned 11,626 shares of the company’s stock, valued at $2,439,716.10. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arrow Electronics

Several large investors have recently made changes to their positions in the company. Keating Financial Advisory Services Inc. bought a new position in Arrow Electronics during the second quarter valued at approximately $28,000. Fiduciary Financial Advisors acquired a new stake in Arrow Electronics in the second quarter valued at approximately $33,000. Evergreen Advisors LLC bought a new stake in Arrow Electronics in the first quarter worth approximately $36,000. Jones Financial Companies Lllp bought a new stake in Arrow Electronics in the second quarter worth approximately $37,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in Arrow Electronics in the second quarter worth approximately $47,000. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Company Profile

Arrow Electronics, Inc is a global distributor of electronic components and enterprise computing products and services. The company connects manufacturers with components and technology solutions, supporting customers from product design and development through production and supply chain management.

Through its global components business, Arrow supplies semiconductors and other electronic components, along with engineering and supply chain services. Its enterprise computing solutions business distributes technology such as data center, cloud, security and networking products, and provides related services to resellers and other customers.

Founded in 1935 as a radio parts retailer in New York City, Arrow has grown into an international company serving customers across the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region.