Wells Fargo & Company Lowers Arrow Electronics (NYSE:ARW) Price Target to $94.00

Arrow Electronics (NYSE:ARW) had its price target lowered by equities research analysts at Wells Fargo & Company from $98.00 to $94.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “underweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 15.59% from the stock’s previous close.

Other analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arrow Electronics in a research note on Wednesday, October 8th. Zacks Research raised Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Wall Street Zen raised Arrow Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.00.

Arrow Electronics Stock Down 1.7%

ARW stock opened at $111.36 on Friday. Arrow Electronics has a twelve month low of $86.50 and a twelve month high of $134.74. The business has a 50 day moving average of $122.03 and a 200 day moving average of $121.94. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. The firm has a market cap of $5.74 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 0.55 and a beta of 1.09.

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

Institutional Trading of Arrow Electronics

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its position in shares of Arrow Electronics by 25.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 442 shares of the technology company’s stock worth $56,000 after purchasing an additional 89 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Arrow Electronics by 12.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 821 shares of the technology company’s stock worth $105,000 after purchasing an additional 90 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Arrow Electronics by 84.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 221 shares of the technology company’s stock worth $28,000 after purchasing an additional 101 shares in the last quarter. Meritage Portfolio Management boosted its position in shares of Arrow Electronics by 4.3% in the 2nd quarter. Meritage Portfolio Management now owns 2,440 shares of the technology company’s stock worth $311,000 after purchasing an additional 101 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC boosted its position in shares of Arrow Electronics by 4.2% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 2,643 shares of the technology company’s stock worth $274,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

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.