JPMorgan Chase & Co. Reaffirms Underweight Rating for Ingram Micro (NYSE:INGM)

Ingram Micro (NYSE:INGM)‘s stock had its “underweight” rating restated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They currently have a $24.00 price target on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 9.81% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Wall Street Zen upgraded shares of Ingram Micro from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingram Micro in a research report on Monday, December 8th. Finally, Zacks Research raised Ingram Micro from a “strong sell” rating to a “hold” rating in a research note on Friday, August 22nd. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.11.

Ingram Micro Trading Up 1.0%

NYSE INGM opened at $21.86 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.41. Ingram Micro has a one year low of $14.25 and a one year high of $24.81. The company has a 50-day simple moving average of $21.61 and a 200-day simple moving average of $20.74. The firm has a market capitalization of $5.14 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 0.85 and a beta of 2.36.

Ingram Micro (NYSE:INGM) last posted its earnings results on Thursday, October 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. The firm had revenue of $12.60 billion during the quarter, compared to analysts’ expectations of $12.21 billion. Ingram Micro had a net margin of 0.57% and a return on equity of 17.03%. Ingram Micro has set its Q4 2025 guidance at 0.850-0.950 EPS. On average, equities analysts forecast that Ingram Micro will post 2.71 earnings per share for the current year.

Institutional Trading of Ingram Micro

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in shares of Ingram Micro by 124.9% during the first quarter. Wellington Management Group LLP now owns 3,128,110 shares of the company’s stock valued at $55,493,000 after buying an additional 1,737,236 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Ingram Micro by 1.9% in the 3rd quarter. American Century Companies Inc. now owns 2,914,724 shares of the company’s stock worth $62,637,000 after buying an additional 54,971 shares in the last quarter. Lind Value II ApS lifted its position in shares of Ingram Micro by 83.3% during the 3rd quarter. Lind Value II ApS now owns 2,198,567 shares of the company’s stock worth $47,247,000 after buying an additional 999,172 shares during the period. Alyeska Investment Group L.P. boosted its stake in Ingram Micro by 634.6% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,436,187 shares of the company’s stock valued at $25,478,000 after buying an additional 1,240,675 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Ingram Micro by 28.5% in the third quarter. Ameriprise Financial Inc. now owns 1,323,583 shares of the company’s stock valued at $28,444,000 after acquiring an additional 293,562 shares during the period.

About Ingram Micro

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.