Ingram Micro (NYSE:INGM) Upgraded to “Buy” at Wall Street Zen

Ingram Micro (NYSE:INGM) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

A number of other analysts have also issued reports on INGM. Weiss Ratings restated a “hold (c)” rating on shares of Ingram Micro in a research note on Monday, December 29th. Morgan Stanley decreased their price target on Ingram Micro from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $24.00 target price on shares of Ingram Micro in a research note on Monday, December 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $24.00 target price on shares of Ingram Micro in a research note on Monday, December 22nd. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.56.

Ingram Micro Stock Performance

NYSE INGM opened at $21.00 on Friday. The stock’s 50 day simple moving average is $21.59 and its 200-day simple moving average is $21.01. The company has a market cap of $4.94 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 0.75 and a beta of 2.32. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.41 and a quick ratio of 0.95. Ingram Micro has a 1-year low of $14.25 and a 1-year high of $24.81.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pullen Investment Management LLC grew its holdings in Ingram Micro by 36.1% during the second quarter. Pullen Investment Management LLC now owns 92,508 shares of the company’s stock valued at $1,928,000 after purchasing an additional 24,531 shares during the period. Synergy Asset Management LLC purchased a new stake in Ingram Micro in the third quarter worth $2,262,000. AXQ Capital LP purchased a new position in shares of Ingram Micro in the 2nd quarter worth about $432,000. Public Employees Retirement System of Ohio lifted its stake in Ingram Micro by 16.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,369 shares of the company’s stock valued at $133,000 after acquiring an additional 917 shares during the period. Finally, Lind Value II ApS purchased a new stake in Ingram Micro during the second quarter valued at approximately $24,995,000.

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.