Morgan Stanley Cuts Ingram Micro (NYSE:INGM) Price Target to $30.00

Ingram Micro (NYSE:INGM) had its price objective lowered by stock analysts at Morgan Stanley from $33.00 to $30.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 14.42% from the stock’s previous close.

A number of other equities analysts have also weighed in on INGM. Weiss Ratings upgraded shares of Ingram Micro from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 8th. JPMorgan Chase & Co. raised shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 target price on the stock in a research note on Wednesday, May 27th. Zacks Research cut Ingram Micro from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft started coverage on Ingram Micro in a research report on Monday, August 31st. They issued a “hold” rating and a $30.00 price target for the company. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $33.00 price target on shares of Ingram Micro in a report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.50.

Ingram Micro Price Performance

INGM stock traded down $0.10 during midday trading on Wednesday, reaching $26.22. The stock had a trading volume of 389,330 shares, compared to its average volume of 1,252,202. Ingram Micro has a 52-week low of $19.03 and a 52-week high of $31.69. The company has a current ratio of 1.31, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The company’s fifty day simple moving average is $28.42 and its 200 day simple moving average is $27.16. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 0.70 and a beta of 1.74.

Ingram Micro (NYSE:INGM) last released its earnings results on Thursday, July 30th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $14.53 billion during the quarter, compared to analyst estimates of $13.85 billion. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, sell-side analysts predict that Ingram Micro will post 3.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ingram Micro

Several institutional investors and hedge funds have recently bought and sold shares of INGM. Platinum Equity Advisors LLC DE purchased a new stake in shares of Ingram Micro during the 2nd quarter valued at approximately $4,867,901,130. Capital World Investors grew its position in Ingram Micro by 12.9% in the fourth quarter. Capital World Investors now owns 2,642,029 shares of the company’s stock worth $56,381,000 after acquiring an additional 302,858 shares during the period. Lind Value II ApS increased its stake in Ingram Micro by 10.1% during the fourth quarter. Lind Value II ApS now owns 2,419,546 shares of the company’s stock worth $51,633,000 after acquiring an additional 220,979 shares during the last quarter. BlackRock Inc. purchased a new stake in Ingram Micro in the second quarter valued at $35,663,000. Finally, River Road Asset Management LLC raised its position in Ingram Micro by 87.0% in the fourth quarter. River Road Asset Management LLC now owns 1,332,690 shares of the company’s stock valued at $28,440,000 after purchasing an additional 620,147 shares during the period.

Ingram Micro Company Profile

Ingram Micro Inc is a global technology distributor and provider of technology services. The company connects technology manufacturers with businesses, resellers, systems integrators, managed service providers and other channel partners. Its offerings span cloud and platform services, cybersecurity, data center and infrastructure products, networking, endpoint devices, software, peripherals and other information technology solutions.

In addition to distributing products, Ingram Micro provides logistics, supply-chain management, financing, configuration, integration, lifecycle management and professional services.