Ingram Micro (NYSE:INGM) Upgraded to Strong-Buy 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 report released on Saturday.

Several other equities research analysts have also commented on INGM. JPMorgan Chase & Co. upgraded Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 target price on the stock in a research report on Wednesday, May 27th. Zacks Research upgraded Ingram Micro from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Evercore set a $26.00 price target on Ingram Micro in a research note on Monday, April 20th. Royal Bank Of Canada increased their price target on Ingram Micro from $24.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ingram Micro in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Ingram Micro Price Performance

Shares of NYSE INGM opened at $28.38 on Friday. The company has a market capitalization of $6.55 billion, a PE ratio of 15.51, a P/E/G ratio of 0.69 and a beta of 1.75. The company has a quick ratio of 0.88, a current ratio of 1.31 and a debt-to-equity ratio of 0.60. Ingram Micro has a twelve month low of $18.66 and a twelve month high of $31.69. The firm has a fifty day simple moving average of $28.72 and a 200 day simple moving average of $25.87.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $13.85 billion. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, sell-side analysts forecast that Ingram Micro will post 3.37 EPS for the current year.

Ingram Micro Increases Dividend

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

Insider Activity at Ingram Micro

In other news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the transaction, the insider directly owned 177,466,319 shares of the company’s stock, valued at $5,151,847,240.57. This represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Augusto Aragone sold 50,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $29.30, for a total value of $1,465,000.00. Following the completion of the transaction, the vice president owned 150,465 shares in the company, valued at approximately $4,408,624.50. This represents a 24.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 5,227,069 shares of company stock worth $151,765,013. Corporate insiders own 0.95% of the company’s stock.

Institutional Trading of Ingram Micro

A number of hedge funds and other institutional investors have recently bought and sold shares of INGM. Geode Capital Management LLC raised its holdings in Ingram Micro by 11.8% during the second quarter. Geode Capital Management LLC now owns 103,184 shares of the company’s stock worth $2,150,000 after buying an additional 10,878 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Ingram Micro by 6.3% during the second quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock valued at $284,000 after buying an additional 803 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Ingram Micro during the second quarter valued at about $755,000. Invesco Ltd. increased its position in shares of Ingram Micro by 29.0% during the second quarter. Invesco Ltd. now owns 60,522 shares of the company’s stock worth $1,261,000 after acquiring an additional 13,605 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Ingram Micro during the second quarter worth about $1,852,000.

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.