Ingram Micro (NYSE:INGM – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.
INGM has been the subject of a number of other research reports. Royal Bank Of Canada increased their price target 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. Wall Street Zen downgraded shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $33.00 price target on shares of Ingram Micro in a research note on Friday, July 31st. JPMorgan Chase & Co. raised Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price target for the company in a research note on Wednesday, May 27th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $34.00 target price on shares of Ingram Micro in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.00.
View Our Latest Stock Report on Ingram Micro
Ingram Micro Stock Performance
Ingram Micro (NYSE:INGM – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $14.53 billion for 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. On average, research analysts predict that Ingram Micro will post 3.37 EPS for the current year.
Insider Transactions at Ingram Micro
In other Ingram Micro news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of Ingram Micro stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the transaction, the insider directly owned 177,466,319 shares of the company’s stock, valued at approximately $5,151,847,240.57. This trade represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Augusto Aragone sold 10,000 shares of the business’s stock in a transaction that occurred on 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 owned 140,465 shares of the company’s stock, valued at $4,213,950. The trade was a 6.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,227,069 shares of company stock worth $151,765,013 in the last 90 days. Company insiders own 0.95% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in INGM. Platinum Equity Advisors LLC DE bought a new stake in Ingram Micro during the second quarter valued at about $4,867,901,130,000. BlackRock Inc. bought a new position in Ingram Micro in the 2nd quarter worth approximately $35,663,000. Bank of America Corp DE raised its position in shares of Ingram Micro by 225.1% during the first quarter. Bank of America Corp DE now owns 1,038,331 shares of the company’s stock valued at $24,203,000 after buying an additional 718,970 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Ingram Micro by 27.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company’s stock worth $66,719,000 after buying an additional 673,840 shares in the last quarter. Finally, River Road Asset Management LLC boosted its position in shares of Ingram Micro by 87.0% during the fourth quarter. River Road Asset Management LLC now owns 1,332,690 shares of the company’s stock worth $28,440,000 after acquiring an additional 620,147 shares during the last quarter.
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.
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