Ingram Micro (NYSE:INGM) Hits New 52-Week High on Earnings Beat

Ingram Micro Holding Corporation (NYSE:INGM)’s stock price reached a new 52-week high during mid-day trading on Tuesday following a better than expected earnings announcement. The company traded as high as $24.78 and last traded at $24.2270, with a volume of 386626 shares traded. The stock had previously closed at $21.35.

The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. The firm had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.18 billion. Ingram Micro had a return on equity of 17.04% and a net margin of 0.62%.The business’s quarterly revenue was up 11.5% compared to the same quarter last year.

Ingram Micro announced that its board has approved a stock buyback plan on Monday, March 2nd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Trending Headlines about Ingram Micro

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

Analysts Set New Price Targets

INGM has been the topic of a number of research reports. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $24.00 price objective on shares of Ingram Micro in a research report on Monday, December 15th. 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. Zacks Research upgraded shares of Ingram Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Raymond James Financial set a $27.00 target price on Ingram Micro in a research report on Tuesday. Finally, William Blair reiterated an “outperform” rating on shares of Ingram Micro in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ingram Micro currently has an average rating of “Hold” and a consensus price target of $25.00.

Hedge Funds Weigh In On Ingram Micro

Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its position in shares of Ingram Micro by 27.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company’s stock valued at $66,719,000 after buying an additional 673,840 shares during the last quarter. American Century Companies Inc. raised its stake in Ingram Micro by 1.9% in the 3rd quarter. American Century Companies Inc. now owns 2,914,724 shares of the company’s stock valued at $62,637,000 after acquiring an additional 54,971 shares during the period. Wellington Management Group LLP lifted its holdings in Ingram Micro by 26.4% during the 4th quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company’s stock valued at $56,834,000 after purchasing an additional 556,931 shares during the last quarter. Capital World Investors boosted its position in Ingram Micro by 12.9% during the fourth quarter. Capital World Investors now owns 2,642,029 shares of the company’s stock worth $56,381,000 after purchasing an additional 302,858 shares during the period. Finally, Lind Value II ApS increased its holdings in shares of Ingram Micro by 10.1% in the fourth quarter. Lind Value II ApS now owns 2,419,546 shares of the company’s stock valued at $51,633,000 after purchasing an additional 220,979 shares during the last quarter.

Ingram Micro Price Performance

The company’s 50-day moving average price is $21.38 and its two-hundred day moving average price is $21.25. 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 company has a market capitalization of $5.75 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 0.76 and a beta of 2.27.

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.