Ingram Micro (NYSE:INGM) to Buyback $100.00 million in Shares

Ingram Micro (NYSE:INGM) announced that its Board of Directors has initiated a share repurchase plan on Monday, March 2nd, RTT News reports. The company plans to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Ingram Micro Price Performance

Shares of INGM stock traded up $3.09 during mid-day trading on Tuesday, hitting $24.44. 3,994,417 shares of the stock were exchanged, compared to its average volume of 429,266. The company has a market cap of $5.75 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 0.76 and a beta of 2.27. Ingram Micro has a 52-week low of $14.25 and a 52-week high of $25.51. The firm has a fifty day moving average of $21.38 and a 200 day moving average of $21.25. The company has a quick ratio of 0.95, a current ratio of 1.41 and a debt-to-equity ratio of 0.75.

Ingram Micro (NYSE:INGM) last announced its earnings results on Monday, March 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.06. Ingram Micro had a net margin of 0.62% and a return on equity of 17.04%. The company had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.18 billion. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Research analysts anticipate that Ingram Micro will post 2.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on INGM shares. Raymond James Financial set a $27.00 target price on shares of Ingram Micro in a research report on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $24.00 price target on shares of Ingram Micro in a report on Monday, December 22nd. William Blair reiterated an “outperform” rating on shares of Ingram Micro in a research note on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Ingram Micro in a report on Monday, December 29th. Finally, The Goldman Sachs Group cut Ingram Micro from a “strong-buy” rating to a “neutral” rating and set a $24.00 price target for the company. in a research note on Tuesday, January 13th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ingram Micro presently has an average rating of “Hold” and a consensus target price of $25.00.

Ingram Micro News Summary

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.