Ingram Micro Holding Corporation (NYSE:INGM) Receives $28.86 Consensus PT from Analysts

Shares of Ingram Micro Holding Corporation (NYSE:INGM) have been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $28.8571.

INGM has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Royal Bank Of Canada upped their price target on shares of Ingram Micro from $24.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Evercore set a $26.00 price target on shares of Ingram Micro in a research report on Monday, April 20th. Weiss Ratings raised shares of Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Finally, Truist Financial upped their price target on shares of Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th.

Ingram Micro Price Performance

NYSE INGM opened at $28.31 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.61. Ingram Micro has a 12-month low of $18.09 and a 12-month high of $31.69. The company has a market capitalization of $6.56 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 0.83 and a beta of 1.79. The firm’s 50 day moving average is $28.40 and its 200-day moving average is $24.32.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The company had revenue of $13.96 billion for the quarter, compared to the consensus estimate of $12.76 billion. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Ingram Micro will post 3.27 earnings per share for the current fiscal year.

Ingram Micro declared that its board has approved a stock buyback plan on Monday, March 2nd that authorizes the company 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 typically an indication that the company’s board of directors believes its shares are undervalued.

Ingram Micro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were given a dividend of $0.084 per share. This represents a $0.34 annualized dividend and a yield of 1.2%. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, May 12th. Ingram Micro’s payout ratio is currently 22.52%.

Insider Buying and Selling at Ingram Micro

In other Ingram Micro news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $29.03, for a total value of $150,000,013.07. Following the transaction, the insider directly owned 177,466,319 shares in the company, valued at $5,151,847,240.57. The trade was a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Augusto Aragone sold 50,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the completion of the transaction, the vice president owned 150,465 shares in the company, valued at approximately $4,408,624.50. This represents a 24.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 5,227,069 shares of company stock worth $151,765,013. Corporate insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Ingram Micro

Several institutional investors and hedge funds have recently modified their holdings of INGM. Bank of America Corp DE increased its holdings in shares of Ingram Micro by 225.1% in 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 purchasing an additional 718,970 shares during the last quarter. Victory Capital Management Inc. boosted its position 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 valued at $66,719,000 after acquiring an additional 673,840 shares during the period. River Road Asset Management LLC boosted 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 valued at $28,440,000 after acquiring an additional 620,147 shares during the period. Wellington Management Group LLP boosted its position in shares of Ingram Micro by 26.4% in the fourth quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company’s stock valued at $56,834,000 after acquiring an additional 556,931 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Ingram Micro by 157.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 789,266 shares of the company’s stock valued at $16,843,000 after acquiring an additional 482,723 shares during the period.

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.