Ingram Micro (NYSE:INGM) Sees Strong Trading Volume – Time to Buy?

Ingram Micro Holding Corporation (NYSE:INGM) shares saw unusually-high trading volume on Wednesday . Approximately 2,454,539 shares traded hands during mid-day trading, an increase of 144% from the previous session’s volume of 1,006,938 shares.The stock last traded at $26.5250 and had previously closed at $28.47.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on INGM. The Goldman Sachs Group upped their price target on Ingram Micro from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Ingram Micro from $24.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday. Royal Bank Of Canada boosted their target price 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. Morgan Stanley raised their price target on shares of Ingram Micro from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $34.00 price target on shares of Ingram Micro in a research note on Friday, May 1st. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ingram Micro currently has a consensus rating of “Hold” and an average price target of $28.71.

Ingram Micro Trading Down 5.7%

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.31. The business’s 50 day moving average price is $25.04 and its 200-day moving average price is $22.78. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.83 and a beta of 2.00.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.05. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The firm had revenue of $13.96 billion during the quarter, compared to analyst estimates of $12.76 billion. Ingram Micro’s quarterly revenue was up 13.7% on a year-over-year basis. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. Equities analysts expect that Ingram Micro Holding Corporation will post 3.23 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th will be issued a $0.084 dividend. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, May 12th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.3%. Ingram Micro’s dividend payout ratio (DPR) is presently 21.85%.

Ingram Micro announced that its board has initiated a stock buyback plan on Monday, March 2nd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Ingram Micro

A number of hedge funds have recently added to or reduced their stakes in the business. Comerica Bank increased its stake in Ingram Micro by 2,844.2% during the third 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. CWM LLC boosted its holdings in shares of Ingram Micro by 20.5% in the 4th 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 period. Wells Fargo & Company MN boosted its holdings in shares of Ingram Micro by 33.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock valued at $88,000 after buying an additional 1,031 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Ingram Micro during the 4th quarter valued at about $94,000. Finally, Aquatic Capital Management LLC acquired a new stake in Ingram Micro during the third quarter worth about $110,000.

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.