Ingram Micro (NYSE:INGM) Board of Directors Approves Stock Repurchase Program

Ingram Micro (NYSE:INGM) announced that its Board of Directors has initiated a stock buyback plan on Monday, March 2nd, RTT News reports. The company plans to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Ingram Micro Price Performance

Ingram Micro stock opened at $24.44 on Wednesday. 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 company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 0.76 and a beta of 2.27. The company’s 50 day simple moving average is $21.38 and its 200-day simple moving average is $21.25. Ingram Micro has a 1 year low of $14.25 and a 1 year high of $25.51.

Ingram Micro (NYSE:INGM) last posted its earnings results on Monday, March 2nd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06. Ingram Micro had a net margin of 0.62% and a return on equity of 17.04%. The firm had revenue of $14.88 billion during the quarter, compared to the consensus estimate of $14.18 billion. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities research analysts expect that Ingram Micro will post 2.71 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Zacks Research raised shares of Ingram Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingram Micro in a research note on Monday, December 29th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $24.00 price target on shares of Ingram Micro in a research note on Monday, December 15th. Morgan Stanley raised their price target on shares of Ingram Micro from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $24.00 price objective on shares of Ingram Micro in a report on Monday, December 22nd. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ingram Micro has a consensus rating of “Hold” and a consensus target price of $25.00.

Ingram Micro News Roundup

Here are the key news stories impacting Ingram Micro this week:

• Positive Sentiment: Quarterly beat — Ingram Micro reported fiscal Q4 sales of about $14.9B (up ~11.5% YoY) and beat revenue and EPS consensus, highlighting revenue strength and operating-profit improvement. This is the primary catalyst for the stock rally. Business Wire: Q4 Results
• Positive Sentiment: Strong cash flow and growth drivers — Management highlighted robust operating cash generation and accelerating cloud/AI-driven revenue (Xvantage expansion), supporting higher-margin service lines and potential multi-year growth. Seeking Alpha: Cloud & AI Growth
• Positive Sentiment: Market reaction / momentum — Multiple outlets noted a strong post-earnings pop and heavy intraday trading as investors reposition on the beat and guidance commentary. High volume amplifies the move and shows conviction. Investing.com: Shares Jump
• Neutral Sentiment: Mixed near-term guidance — Q1 EPS guidance of $0.670–0.750 versus a consensus ~$0.710 is roughly neutral (range overlaps consensus; midpoint slightly below). Revenue guidance $12.5B–$12.8B is in line with estimates. This tempers the beat but doesn’t negate the stronger full-year commentary.
• Negative Sentiment: Analyst stance / limited near-term upside — Morgan Stanley raised its target to $23 but kept an “equal weight” rating (implying limited upside from current levels), which could cap further gains if more analysts stay cautious. Benzinga: Morgan Stanley PT
• Negative Sentiment: Headline noise and data discrepancies — Some third‑party feeds reported differing EPS figures, which briefly contributed to volatility; watch for clarified GAAP vs. non‑GAAP metrics in the filings/call slides. Quiver / data-note

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.