JPMorgan Chase & Co. Upgrades Ingram Micro (NYSE:INGM) to Neutral

Posted by George Bondi on May 27th, 2026

Ingram Micro (NYSE:INGM – Get Free Report) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Wednesday. The firm currently has a $27.00 target price on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 0.11% from the company’s current price.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group raised their price target on shares of Ingram Micro from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Truist Financial increased their target price on shares of Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Evercore set a $26.00 target price on shares of Ingram Micro in a report on Monday, April 20th. Finally, Zacks Research upgraded shares of Ingram Micro from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.86.

Read Our Latest Stock Report on INGM

Ingram Micro Trading Up 1.2%

Shares of INGM opened at $26.97 on Wednesday. Ingram Micro has a twelve month low of $18.09 and a twelve month high of $31.38. The company has a market cap of $6.25 billion, a P/E ratio of 17.86, a P/E/G ratio of 0.78 and a beta of 2.00. 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 company’s fifty day simple moving average is $26.27 and its 200-day simple moving average is $23.23.

Ingram Micro (NYSE:INGM – Get Free Report) last announced 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. The business had revenue of $13.96 billion for the quarter, compared to the consensus estimate of $12.76 billion. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. As a group, analysts expect that Ingram Micro will post 3.25 EPS for the current year.

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

Hedge Funds Weigh In On Ingram Micro

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. raised its position in shares of 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 purchasing an additional 54,971 shares during the last quarter. Crossingbridge Advisors LLC raised its position in shares of Ingram Micro by 600.0% in the 3rd quarter. Crossingbridge Advisors LLC now owns 70,000 shares of the company’s stock valued at $1,504,000 after purchasing an additional 60,000 shares during the last quarter. Invenomic Capital Management LP raised its position in shares of Ingram Micro by 58.2% in the 3rd quarter. Invenomic Capital Management LP now owns 929,332 shares of the company’s stock valued at $19,971,000 after purchasing an additional 341,895 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Ingram Micro in the 4th quarter valued at approximately $896,000. Finally, Comerica Bank raised its position in shares of Ingram Micro by 1,566.3% in the 4th quarter. Comerica Bank now owns 63,286 shares of the company’s stock valued at $1,351,000 after purchasing an additional 59,488 shares during the last quarter.

Ingram Micro Company Profile

(Get Free Report)

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.