Arrow Electronics (NYSE:ARW) Price Target Raised to $115.00 at Wells Fargo & Company

Arrow Electronics (NYSE:ARWGet Free Report) had its price objective boosted by investment analysts at Wells Fargo & Company from $94.00 to $115.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “underweight” rating on the technology company’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 25.49% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. Zacks Research downgraded shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Truist Financial boosted their price objective on shares of Arrow Electronics from $120.00 to $148.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Wall Street Zen cut Arrow Electronics from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Arrow Electronics has an average rating of “Reduce” and a consensus target price of $124.33.

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Arrow Electronics Stock Up 9.4%

Shares of NYSE:ARW traded up $13.25 during midday trading on Friday, reaching $154.35. The company had a trading volume of 1,572,354 shares, compared to its average volume of 637,010. Arrow Electronics has a 1-year low of $86.50 and a 1-year high of $154.28. The stock has a market cap of $7.95 billion, a PE ratio of 17.01, a P/E/G ratio of 1.08 and a beta of 1.04. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average price is $116.69 and its 200 day moving average price is $118.76.

Arrow Electronics (NYSE:ARWGet Free Report) last posted its quarterly earnings results on Thursday, February 5th. The technology company reported $4.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.55 by $0.84. The firm had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.16 billion. Arrow Electronics had a return on equity of 8.19% and a net margin of 1.62%.The business’s revenue was up 20.1% compared to the same quarter last year. During the same period last year, the company earned $2.97 earnings per share. Arrow Electronics has set its Q1 2026 guidance at 2.130-2.330 EPS. Research analysts forecast that Arrow Electronics will post 10.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Arrow Electronics

Hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd lifted its stake in Arrow Electronics by 11.6% during the fourth quarter. Covestor Ltd now owns 981 shares of the technology company’s stock worth $108,000 after purchasing an additional 102 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Arrow Electronics by 44.8% in the 4th quarter. Handelsbanken Fonder AB now owns 16,800 shares of the technology company’s stock valued at $1,851,000 after purchasing an additional 5,200 shares in the last quarter. North Dakota State Investment Board bought a new stake in shares of Arrow Electronics during the 4th quarter valued at approximately $200,000. Abacus Wealth Partners LLC acquired a new position in Arrow Electronics during the 4th quarter worth approximately $505,000. Finally, Beese Fulmer Investment Management Inc. acquired a new stake in Arrow Electronics in the fourth quarter valued at approximately $202,000. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics News Summary

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Arrow Electronics Company Profile

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Arrow Electronics (NYSE: ARW) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company offers a broad portfolio of semiconductors, passives, connectors, electromechanical devices and embedded solutions, serving customers across diverse end markets including automotive, communications, computing, aerospace, defense and healthcare. Through its extensive supplier relationships, Arrow enables design engineers to identify and procure components required for the development of new electronic systems and devices.

In addition to component distribution, Arrow delivers value-added services such as design engineering support, supply chain management, global logistics and technical training.

Further Reading

Analyst Recommendations for Arrow Electronics (NYSE:ARW)

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