Ingram Micro (NYSE:INGM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ingram Micro (NYSE:INGM) from a hold rating to a buy rating in a research note published on Sunday.

INGM has been the subject of a number of other reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Ingram Micro in a research report on Monday, December 22nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $24.00 target price on shares of Ingram Micro in a report on Monday, December 15th. Morgan Stanley decreased their price target on shares of Ingram Micro from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ingram Micro in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.44.

Ingram Micro Trading Down 0.4%

Ingram Micro stock opened at $20.87 on Friday. The stock has a 50-day simple moving average of $21.52 and a 200 day simple moving average of $21.01. The stock has a market capitalization of $4.91 billion, a P/E ratio of 16.97, a PEG ratio of 0.75 and a beta of 2.32. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.41. Ingram Micro has a 52 week low of $14.25 and a 52 week high of $24.81.

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

Ingram Micro Increases Dividend

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

Institutional Investors Weigh In On Ingram Micro

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