Arrow Electronics (NYSE:ARW) Stock Crosses Above Fifty Day Moving Average on Analyst Downgrade

Arrow Electronics, Inc. (NYSE:ARW) shares passed above its fifty day moving average during trading on Tuesday after Weiss Ratings upgraded the stock from a buy (b-) rating to a buy (b) rating. The stock has a fifty 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 changing hands.

Other research analysts have also issued reports about the company. Wall Street Zen lowered Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 19th. Raymond James Financial reiterated an “outperform” rating and set a $250.00 price target on shares of Arrow Electronics in a report on Friday, August 7th. Wells Fargo & Company boosted their price target on Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a research note on Friday, August 7th. Truist Financial dropped their price objective on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Zacks Research raised shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $233.25.

Insiders Place Their Bets

In related news, SVP Carine Jean-Claude sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total value of $209,850.00. Following the sale, the senior vice president owned 11,626 shares of the company’s stock, valued at $2,439,716.10. The trade was a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arrow Electronics

Several large investors have recently made changes to their positions in ARW. BlackRock Inc. bought a new stake in Arrow Electronics during the 2nd quarter worth approximately $1,070,534,000. ACR Alpine Capital Research LLC boosted its stake in Arrow Electronics by 3.9% in the first quarter. ACR Alpine Capital Research LLC now owns 3,578,313 shares of the technology company’s stock worth $513,166,000 after purchasing an additional 132,720 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Arrow Electronics by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,007,509 shares of the technology company’s stock worth $431,280,000 after purchasing an additional 11,894 shares in the last quarter. State Street Corp grew its holdings in shares of Arrow Electronics by 0.5% during the second quarter. State Street Corp now owns 1,694,603 shares of the technology company’s stock worth $361,645,000 after purchasing an additional 8,238 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Arrow Electronics during the second quarter worth $270,981,000. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Down 1.0%

The company has a market cap of $11.23 billion, a P/E ratio of 12.76, a PEG ratio of 0.33 and a beta of 1.16. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average price of $219.05 and a 200 day moving average price of $189.91.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $1.00. The business had revenue of $9.99 billion for the quarter, compared to analyst estimates of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%. The firm’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Equities research analysts forecast that Arrow Electronics, Inc. will post 21.24 earnings per share for the current year.

About Arrow Electronics

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.