Ingram Micro (NYSE:INGM) Raised to Strong-Buy at Wall Street Zen

Ingram Micro (NYSE:INGM) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

INGM has been the subject of a number of other research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $33.00 price target on shares of Ingram Micro in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ingram Micro in a research note on Friday, July 24th. Raymond James Financial reiterated an “outperform” rating and issued a $34.00 target price on shares of Ingram Micro in a report on Friday, May 1st. Evercore set a $26.00 target price on shares of Ingram Micro in a research report on Monday, April 20th. Finally, Zacks Research upgraded shares of Ingram Micro from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Ingram Micro presently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Ingram Micro Price Performance

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 stock has a fifty day moving average of $28.72 and a 200-day moving average of $25.91. The company has a market capitalization of $6.55 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 0.69 and a beta of 1.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 1.31.

Ingram Micro (NYSE:INGM) last issued its earnings results on Thursday, July 30th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business 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, equities analysts anticipate that Ingram Micro will post 3.37 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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 transaction of $150,000,013.07. Following the transaction, the insider 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Augusto Aragone sold 10,000 shares of Ingram Micro stock in a transaction on Monday, June 15th. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the completion of the sale, the vice president directly owned 140,465 shares of the company’s stock, valued at approximately $4,213,950. The trade was a 6.65% 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. Insiders sold 5,227,069 shares of company stock valued at $151,765,013 over the last quarter. Corporate insiders own 0.95% of the company’s stock.

Institutional Trading of Ingram Micro

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in Ingram Micro by 252.2% during the 1st quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock worth $34,000 after acquiring an additional 1,054 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Ingram Micro in the second quarter valued at about $44,000. Comerica Bank grew its position in shares of Ingram Micro by 2,844.2% in 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 during the last quarter. Wells Fargo & Company MN increased its stake in shares of Ingram Micro by 33.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock worth $88,000 after purchasing an additional 1,031 shares during the period. Finally, CWM LLC lifted its position in shares of Ingram Micro by 20.5% during the 4th quarter. CWM LLC now owns 4,144 shares of the company’s stock worth $88,000 after purchasing an additional 705 shares during 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.