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

Ingram Micro (NYSE:INGM) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

Several other analysts have also recently weighed in on the company. Zacks Research raised Ingram Micro from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Royal Bank Of Canada raised their target price on shares of Ingram Micro from $24.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Truist Financial lifted their price target on shares of Ingram Micro from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Tuesday, August 4th. Evercore set a $26.00 price target on shares of Ingram Micro in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. upgraded shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price objective on the stock in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Ingram Micro Stock Down 1.7%

NYSE INGM opened at $28.06 on Friday. The stock has a market capitalization of $6.47 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 0.70 and a beta of 1.75. Ingram Micro has a 52 week low of $18.77 and a 52 week high of $31.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 1.31. The stock has a fifty day moving average of $28.45 and a 200-day moving average of $26.20.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $14.53 billion for the quarter, compared to analyst estimates of $13.85 billion. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%.Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, equities research analysts forecast that Ingram Micro will post 3.37 EPS for the current year.

Insider Buying and Selling

In other Ingram Micro news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $29.03, for a total value of $150,000,013.07. Following the sale, the insider directly owned 177,466,319 shares in the company, valued at approximately $5,151,847,240.57. This trade represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Augusto Aragone sold 50,000 shares of Ingram Micro stock in a transaction on Friday, June 12th. The stock was sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the transaction, the vice president directly owned 150,465 shares in the company, valued at approximately $4,408,624.50. This represents a 24.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 5,227,069 shares of company stock valued at $151,765,013. Corporate insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Ingram Micro

Several institutional investors and hedge funds have recently made changes to their positions in INGM. Platinum Equity Advisors LLC DE acquired a new stake in Ingram Micro during the 2nd quarter worth $4,867,901,130,000. BlackRock Inc. bought a new position in Ingram Micro during the second quarter worth about $35,663,000. Bank of America Corp DE grew its stake in Ingram Micro by 225.1% in the first quarter. Bank of America Corp DE now owns 1,038,331 shares of the company’s stock valued at $24,203,000 after acquiring an additional 718,970 shares during the period. Victory Capital Management Inc. grew its stake in Ingram Micro by 27.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company’s stock valued at $66,719,000 after acquiring an additional 673,840 shares during the period. Finally, River Road Asset Management LLC increased its holdings in shares of Ingram Micro by 87.0% in the fourth quarter. River Road Asset Management LLC now owns 1,332,690 shares of the company’s stock worth $28,440,000 after acquiring an additional 620,147 shares in 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.