Ingram Micro (NYSE:INGM) Price Target Raised to $23.00 at Morgan Stanley

Ingram Micro (NYSE:INGM) had its target price increased by Morgan Stanley from $21.00 to $23.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also recently issued reports about the company. Zacks Research raised Ingram Micro from a “strong sell” rating to a “hold” rating in a research note 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. reaffirmed an “underweight” rating and set a $24.00 target price on shares of Ingram Micro in a research report on Monday, December 15th. Wall Street Zen upgraded shares of Ingram Micro from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, William Blair reiterated an “outperform” rating on shares of Ingram Micro in a report on Tuesday. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ingram Micro presently has an average rating of “Hold” and a consensus target price of $25.00.

Ingram Micro Stock Performance

INGM opened at $24.44 on Tuesday. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 0.76 and a beta of 2.27. The company has a current ratio of 1.41, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $21.38 and its 200 day moving average is $21.25. Ingram Micro has a 12-month low of $14.25 and a 12-month high of $25.51.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings data on Monday, March 2nd. The company reported $0.96 EPS for the quarter, topping 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 company’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities research analysts predict that Ingram Micro will post 2.71 EPS for the current year.

Ingram Micro announced that its board has approved a stock repurchase plan on Monday, March 2nd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Ingram Micro

Several large investors have recently made changes to their positions in INGM. CWM LLC grew its holdings in Ingram Micro by 125.7% during the 2nd quarter. CWM LLC now owns 3,333 shares of the company’s stock worth $69,000 after acquiring an additional 1,856 shares in the last quarter. Comerica Bank lifted its holdings 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 valued at $82,000 after buying an additional 3,669 shares during the period. Wells Fargo & Company MN boosted its holdings in Ingram Micro by 33.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock worth $88,000 after buying an additional 1,031 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Ingram Micro in the fourth quarter valued at $94,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Ingram Micro in the third quarter valued at approximately $110,000.

Key Stories Impacting 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

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.