Ingram Micro (NYSE:INGM) Upgraded at Zacks Research

Zacks Research upgraded shares of Ingram Micro (NYSE:INGM) from a hold rating to a strong-buy rating in a report issued on Tuesday,Zacks.com reports.

INGM has been the topic of several other reports. Truist Financial lifted their target price on shares of Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Raymond James Financial reissued an “outperform” rating and issued a $34.00 price target on shares of Ingram Micro in a report on Friday, May 1st. The Goldman Sachs Group boosted 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. Royal Bank Of Canada upped their price objective 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. Finally, Morgan Stanley increased their target price on shares of Ingram Micro from $27.50 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.29.

Ingram Micro Stock Down 1.2%

INGM opened at $29.55 on Tuesday. Ingram Micro has a 12 month low of $18.09 and a 12 month high of $31.69. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $28.14 and its 200-day moving average price is $25.29. The company has a market cap of $6.85 billion, a P/E ratio of 19.57, a P/E/G ratio of 0.87 and a beta of 1.78.

Ingram Micro (NYSE:INGM) last issued its earnings results on Thursday, April 30th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.05. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The company had revenue of $13.96 billion during the quarter, compared to analysts’ expectations of $12.76 billion. The firm’s quarterly 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, equities analysts expect that Ingram Micro will post 3.29 EPS for the current year.

Ingram Micro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.084 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, May 12th. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s payout ratio is presently 22.52%.

Insider Activity

In other Ingram Micro news, VP Augusto Aragone sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. Following the completion of the sale, the vice president directly owned 140,465 shares in the company, valued at $4,213,950. This trade represents a 6.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 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 value of $150,000,013.07. Following the transaction, the insider owned 177,466,319 shares in the company, valued at $5,151,847,240.57. This trade represents a 2.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,227,069 shares of company stock valued at $151,765,013 over the last 90 days. 0.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ingram Micro

Several hedge funds have recently bought and sold shares of INGM. Royal Bank of Canada increased its stake in shares of Ingram Micro by 252.2% during the first quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock valued at $34,000 after purchasing an additional 1,054 shares in the last quarter. Comerica Bank grew its stake in shares of Ingram Micro by 2,844.2% in the 3rd quarter. Comerica Bank now owns 3,798 shares of the company’s stock worth $82,000 after buying an additional 3,669 shares during the last quarter. CWM LLC raised its stake in Ingram Micro by 20.5% during the fourth quarter. CWM LLC now owns 4,144 shares of the company’s stock valued at $88,000 after buying an additional 705 shares during the last quarter. Wells Fargo & Company MN boosted its holdings 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 acquiring an additional 1,031 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Ingram Micro in the fourth quarter worth $94,000.

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.