Ingram Micro Holding Corporation (NYSE:INGM) Receives $31.00 Consensus Price Target from Analysts

Shares of Ingram Micro Holding Corporation (NYSE:INGM) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $31.00.

Several research firms have commented on INGM. Weiss Ratings raised shares of Ingram Micro from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Zacks Research upgraded shares of Ingram Micro from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Truist Financial upped their price target on shares of Ingram Micro from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada lifted their price objective on shares of Ingram Micro from $24.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Finally, Evercore set a $26.00 price target on Ingram Micro in a report on Monday, April 20th.

Insider Transactions at Ingram Micro

In other news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 177,466,319 shares in the company, valued at approximately $5,151,847,240.57. This trade represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Augusto Aragone sold 50,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president directly owned 150,465 shares of the company’s stock, valued at approximately $4,408,624.50. This represents a 24.94% decrease in their position. 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 have sold a total of 5,227,069 shares of company stock valued at $151,765,013 in the last ninety days. Insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Allworth Financial LP purchased a new position in shares of Ingram Micro during the 2nd quarter valued at $35,000. Royal Bank of Canada raised its position in shares of Ingram Micro by 252.2% in the first quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock worth $34,000 after buying an additional 1,054 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Ingram Micro during the second quarter valued at $44,000. Comerica Bank grew its position in Ingram Micro by 2,844.2% during the third quarter. Comerica Bank now owns 3,798 shares of the company’s stock worth $82,000 after buying an additional 3,669 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Ingram Micro by 33.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock worth $88,000 after acquiring an additional 1,031 shares during the last quarter.

Ingram Micro Stock Performance

NYSE:INGM opened at $28.01 on Thursday. The company has a market capitalization of $6.46 billion, a P/E ratio of 15.31, a P/E/G ratio of 0.68 and a beta of 1.75. The business has a fifty day simple moving average of $28.55 and a two-hundred day simple moving average of $26.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.31 and a quick ratio of 0.88. Ingram Micro has a 1 year low of $18.77 and a 1 year high of $31.69.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $14.53 billion for the quarter, compared to analysts’ expectations of $13.85 billion. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%.Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, analysts expect that Ingram Micro will post 3.37 earnings per share for the current year.

Ingram Micro Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be paid a $0.086 dividend. The ex-dividend date is Tuesday, August 11th. 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. Ingram Micro’s dividend payout ratio is 18.58%.

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.