Ingram Micro (NYSE:INGM) Shares Gap Down – Time to Sell?

Ingram Micro Holding Corporation (NYSE:INGM) shares gapped down prior to trading on Monday . The stock had previously closed at $22.71, but opened at $21.94. Ingram Micro shares last traded at $21.5020, with a volume of 81,345 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wall Street Zen raised Ingram Micro from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingram Micro in a research note on Monday, December 8th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $24.00 price target on shares of Ingram Micro in a report on Monday. Finally, Zacks Research upgraded Ingram Micro from a “strong sell” rating to a “hold” rating in a research report on Friday, August 22nd. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.11.

Ingram Micro Stock Down 4.9%

The stock has a 50-day simple moving average of $21.59 and a 200-day simple moving average of $20.71. The company has a current ratio of 1.41, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 0.89 and a beta of 2.36.

Ingram Micro (NYSE:INGM) last announced its earnings results on Thursday, October 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. Ingram Micro had a return on equity of 17.03% and a net margin of 0.57%.The business had revenue of $12.60 billion during the quarter, compared to analysts’ expectations of $12.21 billion. Ingram Micro has set its Q4 2025 guidance at 0.850-0.950 EPS. As a group, analysts predict that Ingram Micro Holding Corporation will post 2.71 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, November 10th. Ingram Micro’s dividend payout ratio is currently 26.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of Ingram Micro by 125.7% during the second quarter. CWM LLC now owns 3,333 shares of the company’s stock worth $69,000 after acquiring an additional 1,856 shares during the last quarter. Comerica Bank boosted its stake in shares of Ingram Micro by 2,844.2% in the 3rd quarter. Comerica Bank now owns 3,798 shares of the company’s stock valued at $82,000 after purchasing an additional 3,669 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Ingram Micro during the 3rd quarter worth approximately $110,000. PNC Financial Services Group Inc. raised its stake in shares of Ingram Micro by 855.8% during the third quarter. PNC Financial Services Group Inc. now owns 5,400 shares of the company’s stock worth $116,000 after buying an additional 4,835 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Ingram Micro by 16.8% in the second quarter. Public Employees Retirement System of Ohio now owns 6,369 shares of the company’s stock valued at $133,000 after buying an additional 917 shares during the period.

About Ingram Micro

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.