Ingram Micro (NYSE:INGM) Upgraded by Zacks Research to Strong-Buy Rating

Ingram Micro (NYSE:INGM) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Truist Financial upped their price target on shares of Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group lifted their price objective on shares of Ingram Micro from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Evercore set a $26.00 target price on shares of Ingram Micro in a research note on Monday, April 20th. Weiss Ratings upgraded shares of Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada raised their price target 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.29.

Ingram Micro Price Performance

Shares of INGM opened at $29.96 on Tuesday. The company has a market cap of $6.94 billion, a P/E ratio of 19.84, a PEG ratio of 0.85 and a beta of 1.78. The stock has a fifty day moving average price of $28.06 and a 200 day moving average price of $25.23. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.93. Ingram Micro has a 12 month low of $18.09 and a 12 month high of $31.69.

Ingram Micro (NYSE:INGM) last posted its earnings results on Thursday, April 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $13.96 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.Ingram Micro’s revenue was up 13.7% compared to the same quarter last year. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. On average, research analysts forecast that Ingram Micro will post 3.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Augusto Aragone sold 50,000 shares of Ingram Micro 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 sale, the vice president directly owned 150,465 shares in the company, valued at $4,408,624.50. The trade was a 24.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Platinum Equity, Llc sold 5,167,069 shares of Ingram Micro stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the sale, the insider owned 177,466,319 shares in the company, valued at approximately $5,151,847,240.57. This represents a 2.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,227,069 shares of company stock worth $151,765,013 over the last three months. Corporate insiders own 0.95% of the company’s stock.

Institutional Trading of Ingram Micro

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of Ingram Micro by 252.2% in the first quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock valued at $34,000 after acquiring an additional 1,054 shares in the last quarter. Comerica Bank raised its holdings in Ingram Micro by 2,844.2% during the third quarter. Comerica Bank now owns 3,798 shares of the company’s stock worth $82,000 after purchasing an additional 3,669 shares in the last quarter. CWM LLC raised 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 purchasing an additional 705 shares in the last quarter. Wells Fargo & Company MN lifted its position in Ingram Micro by 33.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock worth $88,000 after purchasing an additional 1,031 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Ingram Micro in the fourth quarter worth approximately $94,000.

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.