Ingram Micro Holding Corporation (NYSE:INGM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Ingram Micro Holding Corporation (NYSE:INGM) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $30.8750.

A number of research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Ingram Micro from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Truist Financial lifted their price target on Ingram Micro from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 4th. Morgan Stanley increased their price target on Ingram Micro from $27.50 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on Ingram Micro in a report on Monday. They issued a “hold” rating and a $30.00 price objective on the stock. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $33.00 target price on shares of Ingram Micro in a research report on Friday, July 31st.

Ingram Micro Trading Up 0.9%

Ingram Micro stock opened at $28.82 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The firm has a market cap of $6.65 billion, a PE ratio of 15.75, a P/E/G ratio of 0.74 and a beta of 1.74. The stock’s 50 day simple moving average is $28.34 and its two-hundred day simple moving average is $26.82. Ingram Micro has a 12 month low of $19.03 and a 12 month high of $31.69.

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

Ingram Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.086 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 1.2%. Ingram Micro’s payout ratio is 18.58%.

Insider Activity

In other news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the completion of the sale, the insider owned 177,466,319 shares of the company’s stock, 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 link. Also, VP Augusto Aragone sold 10,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. Following the transaction, the vice president owned 140,465 shares of the company’s stock, valued at approximately $4,213,950. This trade represents a 6.65% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 5,227,069 shares of company stock worth $151,765,013. Company insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Ingram Micro

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of Ingram Micro by 252.2% during the first quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock worth $34,000 after purchasing an additional 1,054 shares in the last quarter. Allworth Financial LP purchased a new position in Ingram Micro in the 2nd quarter valued at $35,000. Meeder Asset Management Inc. acquired a new stake in Ingram Micro during the 2nd quarter worth $44,000. Comerica Bank grew its holdings in shares of 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, CWM LLC raised its position in shares of Ingram Micro by 20.5% in the fourth quarter. CWM LLC now owns 4,144 shares of the company’s stock valued at $88,000 after buying an additional 705 shares during the last quarter.

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.