Ingram Micro (NYSE:INGM) Stock Rating Lowered by Wall Street Zen

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

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

Ingram Micro Stock Performance

INGM stock opened at $20.91 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. Ingram Micro has a 1 year low of $14.25 and a 1 year high of $24.81. The company has a market cap of $4.91 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 0.76 and a beta of 2.32. The stock’s fifty day moving average price is $21.45 and its 200-day moving average price is $21.00.

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

Hedge Funds Weigh In On Ingram Micro

Several institutional investors have recently bought and sold shares of INGM. Synergy Asset Management LLC increased its holdings in Ingram Micro by 14.0% in the 4th quarter. Synergy Asset Management LLC now owns 119,994 shares of the company’s stock valued at $2,561,000 after acquiring an additional 14,751 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Ingram Micro by 197.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 256,880 shares of the company’s stock worth $5,520,000 after purchasing an additional 170,450 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Ingram Micro by 175.7% in the third quarter. Public Employees Retirement System of Ohio now owns 17,561 shares of the company’s stock worth $377,000 after buying an additional 11,192 shares in the last quarter. Millennium Management LLC lifted its position in shares of Ingram Micro by 5.8% in the third quarter. Millennium Management LLC now owns 539,737 shares of the company’s stock worth $11,599,000 after buying an additional 29,473 shares in the last quarter. Finally, Invenomic Capital Management LP boosted its stake in Ingram Micro by 58.2% during the third quarter. Invenomic Capital Management LP now owns 929,332 shares of the company’s stock valued at $19,971,000 after buying an additional 341,895 shares during 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.