Ingram Micro (NYSE:INGM) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Ingram Micro (NYSE:INGM) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other brokerages also recently weighed in on INGM. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingram Micro in a research report on Monday, December 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $24.00 price target on shares of Ingram Micro in a research note on Monday, December 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $24.00 price target on shares of Ingram Micro in a research report on Monday, December 15th. Finally, Morgan Stanley cut their price objective on Ingram Micro from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.56.

Ingram Micro Stock Down 0.3%

Shares of INGM stock opened at $21.29 on Friday. Ingram Micro has a twelve month low of $14.25 and a twelve month high of $24.81. The stock has a market cap of $5.00 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.76 and a beta of 2.32. The stock has a 50 day moving average of $21.68 and a 200 day moving average of $20.95. The company has a current ratio of 1.41, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Ingram Micro had a net margin of 0.57% and a return on equity of 17.03%. The business had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.21 billion. Ingram Micro has set its Q4 2025 guidance at 0.850-0.950 EPS. As a group, sell-side analysts expect that Ingram Micro will post 2.71 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, November 10th. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.5%. Ingram Micro’s payout ratio is currently 26.02%.

Institutional Trading of Ingram Micro

Several large investors have recently made changes to their positions in INGM. CWM LLC raised its stake in Ingram Micro by 125.7% in the 2nd quarter. CWM LLC now owns 3,333 shares of the company’s stock valued at $69,000 after purchasing an additional 1,856 shares during the last quarter. Comerica Bank grew its holdings in shares of Ingram Micro by 2,844.2% during the third quarter. Comerica Bank now owns 3,798 shares of the company’s stock worth $82,000 after buying an additional 3,669 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Ingram Micro in the third quarter valued at about $110,000. PNC Financial Services Group Inc. lifted its stake in shares of Ingram Micro by 855.8% in the third quarter. PNC Financial Services Group Inc. now owns 5,400 shares of the company’s stock worth $116,000 after buying an additional 4,835 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Ingram Micro by 16.8% during the second quarter. Public Employees Retirement System of Ohio now owns 6,369 shares of the company’s stock worth $133,000 after acquiring an additional 917 shares during the last quarter.

Ingram Micro Company Profile

Ingram Micro, headquartered in Irvine, California, is a global technology distributor and supply chain services provider. Listed on the New York Stock Exchange under the ticker INGM, the company connects leading technology manufacturers, cloud providers and channel partners through an integrated portfolio of products and services. Ingram Micro’s end-to-end solutions span product distribution, cloud enablement, e-commerce, logistics and lifecycle management, enabling customers of all sizes to bring new technology to market efficiently.

The company’s offerings are organized across several core areas.