Wall Street Zen Downgrades Ingram Micro (NYSE:INGM) to Hold

Ingram Micro (NYSE:INGM) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other research analysts also recently issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingram Micro in a research note on Monday, December 29th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $24.00 price target on shares of Ingram Micro in a research report on Monday, December 15th. Morgan Stanley decreased their price objective on shares of Ingram Micro from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $24.00 price target on shares of Ingram Micro in a research note on Monday, December 22nd. Finally, The Goldman Sachs Group downgraded Ingram Micro from a “strong-buy” rating to a “neutral” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.44.

Ingram Micro Trading Down 0.2%

Shares of Ingram Micro stock opened at $21.25 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.41 and a quick ratio of 0.95. The stock has a market capitalization of $4.99 billion, a PE ratio of 17.27, a P/E/G ratio of 0.76 and a beta of 2.32. Ingram Micro has a 1-year low of $14.25 and a 1-year high of $24.81. The company’s fifty day simple moving average is $21.45 and its 200-day simple moving average is $21.01.

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

Institutional Trading of Ingram Micro

A number of large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in shares of Ingram Micro by 46.0% during the 1st quarter. Rhumbline Advisers now owns 12,843 shares of the company’s stock valued at $228,000 after acquiring an additional 4,044 shares during the last quarter. Voya Investment Management LLC bought a new stake in shares of Ingram Micro in the 1st quarter worth about $1,531,000. Parallel Advisors LLC raised its position in shares of Ingram Micro by 563.3% during the 2nd quarter. Parallel Advisors LLC now owns 7,422 shares of the company’s stock valued at $155,000 after buying an additional 6,303 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Ingram Micro by 16.8% in 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 last quarter. Finally, State of Alaska Department of Revenue grew its position in Ingram Micro by 62.5% in the second quarter. State of Alaska Department of Revenue now owns 78,000 shares of the company’s stock worth $1,625,000 after acquiring an additional 30,000 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.