Arrow Electronics (NYSE:ARW) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Arrow Electronics, Inc. (NYSE:ARW)’s share price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $218.56 and traded as high as $220.84. Arrow Electronics shares last traded at $220.1350, with a volume of 441,525 shares traded.

Analysts Set New Price Targets

A number of brokerages recently commented on ARW. Wall Street Zen lowered Arrow Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 19th. Raymond James Financial restated an “outperform” rating and issued a $250.00 price target on shares of Arrow Electronics in a research note on Friday, August 7th. Zacks Research raised Arrow Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 1st. Truist Financial decreased their price target on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a report on Friday, August 7th. Finally, Wells Fargo & Company upped 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $233.25.

Arrow Electronics Price Performance

The firm’s 50-day moving average is $218.56 and its 200 day moving average is $188.83.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $1.00. The business had revenue of $9.99 billion for the quarter, compared to analysts’ expectations of $9.67 billion. The company’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, equities analysts forecast that Arrow Electronics, Inc. will post 21.24 earnings per share for the current year.

Insider Activity at Arrow Electronics

In related 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 transaction, the senior vice president owned 11,626 shares of the company’s stock, valued at $2,439,716.10. This trade represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.80% of the company’s stock.

Institutional Trading of Arrow Electronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARW. BlackRock Inc. acquired a new stake in Arrow Electronics during the 2nd quarter worth approximately $1,070,534,000. ACR Alpine Capital Research LLC grew its stake in shares of Arrow Electronics by 3.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 3,578,313 shares of the technology company’s stock valued at $513,166,000 after purchasing an additional 132,720 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Arrow Electronics by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,007,509 shares of the technology company’s stock valued at $431,280,000 after purchasing an additional 11,894 shares during the last quarter. State Street Corp grew its stake in shares of Arrow Electronics by 0.5% in the 2nd quarter. State Street Corp now owns 1,694,603 shares of the technology company’s stock valued at $361,645,000 after purchasing an additional 8,238 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Arrow Electronics in the second quarter valued at approximately $270,981,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Company Profile

Arrow Electronics, Inc is a global distributor of electronic components and enterprise computing solutions. The company connects manufacturers of technology products with customers, including original equipment manufacturers, contract manufacturers, commercial enterprises and government organizations.

Arrow’s components business distributes products such as semiconductors, embedded systems, passive and electromechanical components, and related engineering services. Its enterprise computing solutions business provides technology products and services involving data center, cloud, security, networking and software solutions.