Ingram Micro (NYSE:INGM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ingram Micro (NYSE:INGM) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

A number of other analysts have also commented on INGM. Truist Financial boosted their price target on shares of Ingram Micro from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada raised their price objective on shares of Ingram Micro from $24.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Zacks Research upgraded shares of Ingram Micro from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Evercore set a $26.00 target price on shares of Ingram Micro in a research report on Monday, April 20th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $33.00 target price on shares of Ingram Micro in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Ingram Micro Price Performance

Ingram Micro stock opened at $27.70 on Friday. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 0.69 and a beta of 1.75. Ingram Micro has a 52-week low of $18.66 and a 52-week high of $31.69. The stock’s 50 day moving average price is $28.69 and its two-hundred day moving average price is $25.95. 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 posted its quarterly earnings results on Thursday, July 30th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $14.53 billion during the quarter, compared to analysts’ expectations of $13.85 billion. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, equities analysts predict that Ingram Micro will post 3.37 earnings per share for the current year.

Ingram Micro Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th will be given a $0.086 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 11th. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s payout ratio is currently 18.58%.

Insider Buying and Selling at Ingram Micro

In other news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the company’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 completion of the sale, the insider owned 177,466,319 shares in the company, valued at $5,151,847,240.57. This represents a 2.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Augusto Aragone sold 50,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the completion of the sale, the vice president owned 150,465 shares of the company’s stock, valued at approximately $4,408,624.50. This 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. Over the last 90 days, insiders have sold 5,227,069 shares of company stock worth $151,765,013. Company insiders own 0.95% of the company’s stock.

Institutional Investors Weigh In On Ingram Micro

A number of institutional investors have recently added to or reduced their stakes in INGM. Royal Bank of Canada lifted its position in shares of 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 buying an additional 1,054 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Ingram Micro in the second quarter valued at approximately $44,000. Comerica Bank increased its position 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 acquiring an additional 3,669 shares during the last quarter. CWM LLC lifted its holdings in Ingram Micro by 20.5% during the fourth quarter. CWM LLC now owns 4,144 shares of the company’s stock worth $88,000 after acquiring an additional 705 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Ingram Micro by 33.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock worth $88,000 after acquiring an additional 1,031 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.