Ingram Micro (NYSE:INGM) Stock Rating Upgraded by Zacks Research

Ingram Micro (NYSE:INGM) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also issued reports on INGM. Wall Street Zen lowered shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Evercore set a $26.00 price target on Ingram Micro in a report on Monday, April 20th. JPMorgan Chase & Co. raised 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. Truist Financial boosted their price objective on Ingram Micro from $25.00 to $29.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada boosted their price target on shares of Ingram Micro from $24.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Ingram Micro currently has an average rating of “Moderate Buy” and an average target price of $30.29.

Ingram Micro Stock Up 1.7%

Shares of INGM opened at $29.96 on Tuesday. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 0.85 and a beta of 1.78. Ingram Micro has a 52 week low of $18.09 and a 52 week high of $31.69. The stock’s 50-day moving average price is $28.06 and its 200-day moving average price is $25.23. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.61.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $13.96 billion during the quarter, compared to the consensus estimate of $12.76 billion. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The firm’s revenue was up 13.7% compared to the same quarter last year. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. On average, sell-side analysts predict that Ingram Micro will post 3.29 EPS for the current year.

Insider Buying and Selling

In related news, VP Augusto Aragone sold 50,000 shares of Ingram Micro stock in a transaction that occurred 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 owned 150,465 shares in the company, valued at approximately $4,408,624.50. This trade represents a 24.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the completion of the sale, the insider directly owned 177,466,319 shares of the company’s stock, valued at approximately $5,151,847,240.57. This trade represents a 2.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,227,069 shares of company stock worth $151,765,013 over the last three months. Corporate insiders own 0.95% of the company’s stock.

Institutional Trading of Ingram Micro

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in Ingram Micro by 27.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company’s stock worth $66,719,000 after buying an additional 673,840 shares during the period. Wellington Management Group LLP raised its position in Ingram Micro by 26.4% in the fourth quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company’s stock valued at $56,834,000 after purchasing an additional 556,931 shares during the period. Capital World Investors lifted its stake in Ingram Micro by 12.9% during the fourth quarter. Capital World Investors now owns 2,642,029 shares of the company’s stock worth $56,381,000 after purchasing an additional 302,858 shares in the last quarter. Lind Value II ApS grew its stake in shares of Ingram Micro by 10.1% in the fourth quarter. Lind Value II ApS now owns 2,419,546 shares of the company’s stock valued at $51,633,000 after buying an additional 220,979 shares in the last quarter. Finally, River Road Asset Management LLC raised its holdings in shares of Ingram Micro by 87.0% in the 4th quarter. River Road Asset Management LLC now owns 1,332,690 shares of the company’s stock valued at $28,440,000 after buying an additional 620,147 shares during the period.

About Ingram Micro

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.