Ingram Micro (NYSE:INGM) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Ingram Micro (NYSE:INGM) from a buy rating to a hold rating in a research report released on Monday morning.

INGM has been the topic of several other reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $24.00 price objective on shares of Ingram Micro in a report on Monday, December 22nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $24.00 price target on shares of Ingram Micro in a research note on Monday, December 15th. Morgan Stanley lowered their price objective on shares of 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingram Micro in a research report on Monday, December 29th. Finally, The Goldman Sachs Group cut Ingram Micro from a “strong-buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a report on Tuesday, January 13th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.44.

Ingram Micro Stock Up 2.1%

INGM stock opened at $21.33 on Monday. The company has a 50 day moving average price of $21.45 and a two-hundred day moving average price of $21.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.41. The stock has a market capitalization of $5.01 billion, a P/E ratio of 17.34, a PEG ratio of 0.75 and a beta of 2.32. Ingram Micro has a one year low of $14.25 and a one year high of $24.81.

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

Ingram Micro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, November 10th. This is a boost from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s dividend payout ratio is 26.02%.

Hedge Funds Weigh In On Ingram Micro

A number of large investors have recently made changes to their positions in INGM. CWM LLC boosted its holdings in shares of Ingram Micro by 125.7% during the second quarter. CWM LLC now owns 3,333 shares of the company’s stock worth $69,000 after purchasing an additional 1,856 shares during the period. Comerica Bank lifted its position in Ingram Micro by 2,844.2% in the 3rd quarter. Comerica Bank now owns 3,798 shares of the company’s stock worth $82,000 after buying an additional 3,669 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Ingram Micro during the 3rd quarter valued at $110,000. PNC Financial Services Group Inc. boosted its stake in shares of Ingram Micro by 855.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,400 shares of the company’s stock valued at $116,000 after buying an additional 4,835 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of 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 in 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.