Ingram Micro Holding Corporation (NYSE:INGM) Given Consensus Rating of “Hold” by Brokerages
by Michael Walen · The Markets DailyIngram Micro Holding Corporation (NYSE:INGM – Get Free Report) has been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.2857.
Several equities analysts recently weighed in on the stock. Evercore set a $26.00 price target on shares of Ingram Micro in a report on Monday, April 20th. JPMorgan Chase & Co. upgraded shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price objective for the company in a research note on Wednesday, May 27th. Royal Bank Of Canada increased their price objective on shares of Ingram Micro from $24.00 to $33.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Raymond James Financial reissued an “outperform” rating and set a $34.00 target price on shares of Ingram Micro in a report on Friday, May 1st. Finally, Truist Financial boosted their target price on shares of Ingram Micro from $25.00 to $29.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th.
View Our Latest Research Report on Ingram Micro
Insider Transactions at Ingram Micro
In other news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $29.03, for a total value of $150,000,013.07. Following the sale, the insider owned 177,466,319 shares in the company, valued at $5,151,847,240.57. This represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Augusto Aragone sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $30.00, for a total value of $300,000.00. Following the sale, the vice president directly owned 140,465 shares in the company, valued at approximately $4,213,950. This trade represents a 6.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders 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.
Hedge Funds Weigh In On Ingram Micro
Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in 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 worth $24,203,000 after buying an additional 718,970 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Ingram Micro by 27.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company’s stock valued at $66,719,000 after buying an additional 673,840 shares in the last quarter. River Road Asset Management LLC raised its position in shares of 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 worth $28,440,000 after acquiring an additional 620,147 shares during the period. Wellington Management Group LLP boosted its stake in shares of Ingram Micro by 26.4% during the 4th quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company’s stock worth $56,834,000 after acquiring an additional 556,931 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Ingram Micro by 157.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 789,266 shares of the company’s stock worth $16,843,000 after acquiring an additional 482,723 shares in the last quarter.
Ingram Micro Stock Performance
Shares of INGM opened at $28.38 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.31. The stock has a 50-day moving average of $27.85 and a two-hundred day moving average of $25.02. The stock has a market cap of $6.57 billion, a P/E ratio of 18.80, a P/E/G ratio of 0.83 and a beta of 1.78. Ingram Micro has a one year low of $18.09 and a one year high of $31.69.
Ingram Micro (NYSE:INGM – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The business had revenue of $13.96 billion for the quarter, compared to analyst estimates of $12.76 billion. Ingram Micro’s quarterly revenue was up 13.7% compared to the same quarter last year. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. As a group, research analysts predict that Ingram Micro will post 3.28 EPS for the current year.
Ingram Micro Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were paid a dividend of $0.084 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, May 12th. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s dividend payout ratio (DPR) is 22.52%.
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.
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