Ingram Micro (NYSE:INGM) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• Wall Street Zen upgraded Ingram Micro to “strong buy” from “buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $31.00.
• Ingram Micro exceeded quarterly expectations, reporting $0.82 EPS versus a $0.74 estimate and revenue of $14.53 billion versus the $13.85 billion consensus. The company guided for third-quarter 2026 EPS of $0.72–$0.82.
• Shares opened at $28.38, down 0.6%, while major shareholder Platinum Equity and a company vice president collectively sold about 5.23 million shares worth $151.8 million over the past three months.

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

A number of other research analysts also recently commented on the stock. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $33.00 price objective on shares of Ingram Micro in a research report on Friday, July 31st. JPMorgan Chase & Co. raised shares of Ingram Micro from an "underweight" rating to a "neutral" rating and set a $27.00 target price for the company in a research note on Wednesday, May 27th. Evercore set a $26.00 price target on shares of Ingram Micro in a report on Monday, April 20th. Raymond James Financial reaffirmed an "outperform" rating and issued a $34.00 price target on shares of Ingram Micro in a research note on Friday, May 1st. Finally, Morgan Stanley lifted their price objective on Ingram Micro from $27.50 to $33.00 and gave the company an "equal weight" rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.00.

Ingram Micro Trading Down 0.6%

Shares of NYSE INGM opened at $28.38 on Friday. Ingram Micro has a one year low of $18.66 and a one year high of $31.69. The firm has a market capitalization of $6.55 billion, a PE ratio of 15.51, a PEG ratio of 0.70 and a beta of 1.75. The company has a current ratio of 1.31, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $28.72 and a two-hundred day moving average price of $25.87.

Ingram Micro (NYSE:INGM - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. The company had revenue of $14.53 billion for the quarter, compared to analysts' expectations 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. As a group, analysts predict that Ingram Micro will post 3.37 earnings per share for the current fiscal year.

Insider Transactions at Ingram Micro

In other Ingram Micro news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was 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 owned 177,466,319 shares of the company's stock, valued at $5,151,847,240.57. This represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Augusto Aragone sold 50,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $29.30, for a total value 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 5,227,069 shares of company stock worth $151,765,013. 0.95% of the stock is currently owned by insiders.

Institutional Trading of Ingram Micro

Institutional investors and hedge funds have recently modified their holdings of the company. Hussman Strategic Advisors Inc. bought a new position in Ingram Micro in the 4th quarter worth $896,000. Comerica Bank boosted its holdings in Ingram Micro by 1,566.3% during the fourth quarter. Comerica Bank now owns 63,286 shares of the company's stock valued at $1,351,000 after acquiring an additional 59,488 shares during the period. Watershed Asset Management L.L.C. acquired a new stake in shares of Ingram Micro in the first quarter valued at about $470,000. Lind Value II ApS grew its position 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 purchasing an additional 220,979 shares during the last quarter. Finally, Twin Capital Management Inc. bought a new position in shares of Ingram Micro in the fourth quarter worth about $772,000.

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.

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