Arrow Electronics (NYSE:ARW) Upgraded at Zacks Research

Zacks Research upgraded shares of Arrow Electronics (NYSE:ARW) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of Arrow Electronics from a “hold” rating to a “buy” rating in a research note 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 research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $115.75.

Arrow Electronics Stock Up 0.9%

NYSE:ARW opened at $119.10 on Thursday. The firm has a market capitalization 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 has a 1-year low of $86.50 and a 1-year high of $137.80. The company’s fifty day moving average price is $123.20 and its 200-day moving average price is $120.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.07.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, July 31st. The technology company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.40. The firm had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.12 billion. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.78 earnings per share. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. As a group, equities research analysts anticipate that Arrow Electronics will post 10.57 EPS for the current year.

Insider Transactions at Arrow Electronics

In other news, CEO Sean J. Kerins purchased 8,630 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were purchased 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 represents a 7.58% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Arrow Electronics

A number of large investors have recently added to or reduced their stakes in the stock. Ethic Inc. raised its position in Arrow Electronics by 0.7% during the third quarter. Ethic Inc. now owns 16,743 shares of the technology company’s stock worth $2,026,000 after acquiring an additional 116 shares during the period. Perigon Wealth Management LLC acquired a new position in Arrow Electronics during the third quarter worth $1,157,000. Blue Trust Inc. raised its position in Arrow Electronics by 5.3% during the third quarter. Blue Trust Inc. now owns 4,459 shares of the technology company’s stock worth $540,000 after acquiring an additional 226 shares during the period. CWM LLC raised its position in Arrow Electronics by 87.9% during the third quarter. CWM LLC now owns 79,088 shares of the technology company’s stock worth $9,570,000 after acquiring an additional 36,991 shares during the period. Finally, Inspire Investing LLC raised its position in Arrow Electronics by 17.1% during the third quarter. Inspire Investing LLC now owns 4,529 shares of the technology company’s stock worth $548,000 after acquiring an additional 661 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Arrow Electronics Company Profile

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.