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

Key Points

• Wall Street Zen downgraded Ingram Micro from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $31.00.
• Ingram Micro reported quarterly EPS of $0.82, beating the $0.74 estimate, and revenue of $14.53 billion, above the $13.85 billion consensus forecast. Shares recently opened at $28.43, within a 52-week range of $18.77 to $31.69.
• Insiders sold 5.23 million shares worth approximately $151.8 million during the last quarter, including a 5.17 million-share sale by major shareholder Platinum Equity.

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

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of Ingram Micro from an "underweight" rating to a "neutral" rating and set a $27.00 price target for the company in a research note on Wednesday, May 27th. Weiss Ratings raised Ingram Micro from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, August 7th. Raymond James Financial reiterated an "outperform" rating and set a $34.00 target price on shares of Ingram Micro in a report on Friday, May 1st. Truist Financial increased their target price on Ingram Micro from $29.00 to $31.00 and gave the stock a "hold" rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley raised their target price on Ingram Micro from $27.50 to $33.00 and gave the company an "equal weight" rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $31.00.

Ingram Micro Stock Performance

Shares of INGM opened at $28.43 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.31 and a quick ratio of 0.88. The stock's fifty day moving average price is $28.48 and its two-hundred day moving average price is $26.11. The firm has a market cap of $6.56 billion, a PE ratio of 15.54, a PEG ratio of 0.70 and a beta of 1.75. Ingram Micro has a 1 year low of $18.77 and a 1 year high of $31.69.

Ingram Micro (NYSE:INGM - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. The business had revenue of $14.53 billion during the quarter, compared to analyst estimates of $13.85 billion. 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.

Insiders Place Their Bets

In other news, VP Augusto Aragone sold 50,000 shares of the firm's 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 completion of the transaction, the vice president directly owned 150,465 shares in the company, valued at $4,408,624.50. This trade represents a 24.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 firm's 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 transaction, the insider owned 177,466,319 shares of the company's stock, valued at $5,151,847,240.57. The trade was a 2.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,227,069 shares of company stock valued at $151,765,013 in the last quarter. 0.95% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ingram Micro

Several institutional investors and hedge funds have recently made changes to their positions in INGM. Royal Bank of Canada lifted its position in Ingram Micro by 252.2% in the 1st quarter. Royal Bank of Canada now owns 1,472 shares of the company's stock valued at $34,000 after acquiring an additional 1,054 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Ingram Micro in the second quarter worth $35,000. Meeder Asset Management Inc. purchased a new position in shares of Ingram Micro in the second quarter worth $44,000. Comerica Bank lifted 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 valued at $82,000 after purchasing an additional 3,669 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Ingram Micro by 20.5% during the fourth quarter. CWM LLC now owns 4,144 shares of the company's stock valued at $88,000 after purchasing an additional 705 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.

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