Morgan Stanley Cuts Ingram Micro (NYSE:INGM) Price Target to $30.00

Ingram Micro (NYSE:INGM) had its target price trimmed by Morgan Stanley from $33.00 to $30.00 in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The firm currently has an equal weight rating on the stock.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $33.00 price objective on shares of Ingram Micro in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft began coverage on Ingram Micro in a research report on Monday, August 31st. They set a “hold” rating and a $30.00 price objective on the stock. Wall Street Zen lowered Ingram Micro from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. Zacks Research cut Ingram Micro from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, Truist Financial lifted their price target on shares of Ingram Micro from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 4th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Ingram Micro presently has an average rating of “Hold” and an average price target of $30.50.

Ingram Micro Stock Performance

NYSE INGM opened at $26.72 on Wednesday. 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 firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 0.70 and a beta of 1.74. The company’s fifty day moving average is $28.31 and its two-hundred day moving average is $27.24. Ingram Micro has a 52-week low of $19.03 and a 52-week high of $31.69.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates 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. Equities research analysts forecast that Ingram Micro will post 3.4 EPS for the current year.

Ingram Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were paid a $0.086 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.34 annualized dividend and a dividend yield of 1.3%. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s dividend payout ratio is currently 18.58%.

Insider Activity

In related news, major shareholder Platinum Equity, Llc sold 1,968,750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $27.19, for a total transaction of $53,530,312.50. Following the completion of the transaction, the insider owned 162,372,569 shares in the company, valued at $4,414,910,151.11. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.95% of the company’s stock.

Institutional Trading of Ingram Micro

A number of large investors have recently bought and sold shares of INGM. Tidal Investments LLC lifted its holdings in shares of Ingram Micro by 23.1% during the second quarter. Tidal Investments LLC now owns 29,426 shares of the company’s stock valued at $807,000 after acquiring an additional 5,522 shares during the period. Engineers Gate Manager LP bought a new stake in shares of Ingram Micro in the 2nd quarter worth about $1,628,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Ingram Micro during the 2nd quarter worth about $38,000. Allworth Financial LP increased its position in shares of Ingram Micro by 72.9% during the 2nd quarter. Allworth Financial LP now owns 1,290 shares of the company’s stock worth $35,000 after purchasing an additional 544 shares in the last quarter. Finally, Amundi lifted its holdings in Ingram Micro by 453.0% during the 2nd quarter. Amundi now owns 395,709 shares of the company’s stock valued at $10,854,000 after purchasing an additional 324,152 shares during the last quarter.

Ingram Micro Company Profile

Ingram Micro Inc is a global technology distributor and provider of technology services. The company connects technology manufacturers with businesses, resellers, systems integrators, managed service providers and other channel partners. Its offerings span cloud and platform services, cybersecurity, data center and infrastructure products, networking, endpoint devices, software, peripherals and other information technology solutions.

In addition to distributing products, Ingram Micro provides logistics, supply-chain management, financing, configuration, integration, lifecycle management and professional services.