Ingram Micro (NYSE:INGM) Rating Lowered to "Buy" at Wall Street Zen

Ingram Micro (NYSE:INGM - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday.

Several other research firms have also recently weighed in on INGM. Evercore set a $26.00 price objective on Ingram Micro in a report on Monday, April 20th. William Blair restated an "outperform" rating on shares of Ingram Micro in a report on Tuesday, March 3rd. Morgan Stanley boosted their price target on Ingram Micro from $21.00 to $23.00 and gave the company an "equal weight" rating in a report on Tuesday, March 3rd. Zacks Research upgraded Ingram Micro from a "strong sell" rating to a "hold" rating in a report on Monday, February 23rd. Finally, Truist Financial boosted their price target on Ingram Micro from $25.00 to $29.00 and gave the company a "hold" rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $28.71.

Ingram Micro Trading Up 1.5%

NYSE:INGM opened at $27.28 on Friday. Ingram Micro has a fifty-two week low of $18.09 and a fifty-two week high of $31.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $6.32 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 0.79 and a beta of 2.00. The business's 50-day simple moving average is $25.30 and its 200-day simple moving average is $22.85.

Ingram Micro (NYSE:INGM - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.05. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The business had revenue of $13.96 billion for the quarter, compared to analysts' expectations of $12.76 billion. The business's revenue for the quarter 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. Sell-side analysts expect that Ingram Micro will post 3.25 earnings per share for the current fiscal year.

Ingram Micro announced that its Board of Directors has approved a stock repurchase program on Monday, March 2nd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Ingram Micro

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its position in Ingram Micro by 1.9% during the 3rd quarter. American Century Companies Inc. now owns 2,914,724 shares of the company's stock worth $62,637,000 after buying an additional 54,971 shares in the last quarter. Crossingbridge Advisors LLC raised its position in Ingram Micro by 600.0% during the third quarter. Crossingbridge Advisors LLC now owns 70,000 shares of the company's stock worth $1,504,000 after acquiring an additional 60,000 shares in the last quarter. Invenomic Capital Management LP lifted its stake in Ingram Micro by 58.2% in the 3rd quarter. Invenomic Capital Management LP now owns 929,332 shares of the company's stock valued at $19,971,000 after purchasing an additional 341,895 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new stake in Ingram Micro in the 4th quarter valued at $896,000. Finally, Quantbot Technologies LP raised its stake in Ingram Micro by 8.2% in the 3rd quarter. Quantbot Technologies LP now owns 11,416 shares of the company's stock valued at $245,000 after acquiring an additional 868 shares during the period.

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.

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