Gabelli Funds LLC Takes $2.91 Million Position in Ingram Micro Holding Corporation $INGM

Gabelli Funds LLC purchased a new stake in Ingram Micro Holding Corporation (NYSE:INGM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 124,970 shares of the company’s stock, valued at approximately $2,913,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INGM. Gamco Investors INC. ET AL acquired a new stake in shares of Ingram Micro in the first quarter valued at about $473,000. Sei Investments Co. grew its position in Ingram Micro by 73.8% during the first quarter. Sei Investments Co. now owns 88,762 shares of the company’s stock worth $2,069,000 after buying an additional 37,680 shares during the period. Lido Advisors LLC acquired a new position in Ingram Micro during the first quarter worth about $235,000. Monashee Investment Management LLC purchased a new position in Ingram Micro in the first quarter valued at about $2,331,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Ingram Micro during the 1st quarter valued at approximately $241,000.

Ingram Micro Price Performance

NYSE:INGM opened at $30.10 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 0.85 and a beta of 1.78. The company’s 50-day moving average is $28.38 and its two-hundred day moving average is $25.46. Ingram Micro Holding Corporation has a 12-month low of $18.09 and a 12-month high of $31.69.

Ingram Micro (NYSE:INGM) last announced its earnings results on Thursday, April 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $13.96 billion for the quarter, compared to analyst estimates of $12.76 billion. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. Research analysts expect that Ingram Micro Holding Corporation will post 3.29 EPS for the current year.

Insider Buying and Selling at Ingram Micro

In related news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider directly owned 177,466,319 shares in the company, valued at approximately $5,151,847,240.57. This represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Augusto Aragone sold 50,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $29.30, for a total value of $1,465,000.00. Following the transaction, the vice president owned 150,465 shares in the company, valued at $4,408,624.50. This trade 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. Insiders sold 5,227,069 shares of company stock valued at $151,765,013 over the last quarter. Insiders own 0.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Evercore set a $26.00 price target on Ingram Micro in a research note on Monday, April 20th. Raymond James Financial reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Ingram Micro in a report on Friday, May 1st. Wall Street Zen downgraded Ingram Micro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Morgan Stanley upped their target price on Ingram Micro from $27.50 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings upgraded Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.29.

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.