Ingram Micro (NYSE:INGM) Major Shareholder Platinum Equity, Llc Sells 1,968,750 Shares of Stock

Ingram Micro Holding Corporation (NYSE:INGM) major shareholder Platinum Equity, Llc sold 1,968,750 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $27.19, for a total transaction of $53,530,312.50. Following the completion of the transaction, the insider directly owned 162,372,569 shares of the company’s stock, valued at approximately $4,414,910,151.11. This represents a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Platinum Equity, Llc also recently made the following trade(s):

• On Thursday, September 10th, Platinum Equity, Llc sold 13,125,000 shares of Ingram Micro stock. The stock was sold at an average price of $27.19, for a total transaction of $356,868,750.00.

Ingram Micro Price Performance

INGM stock opened at $27.24 on Friday. The stock’s fifty day simple moving average is $28.36 and its 200-day simple moving average is $27.25. The company has a quick ratio of 0.88, a current ratio of 1.31 and a debt-to-equity ratio of 0.60. Ingram Micro Holding Corporation has a 52-week low of $19.03 and a 52-week high of $31.69. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 0.69 and a beta of 1.74.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%.The company had revenue of $14.53 billion during the quarter, compared to analysts’ expectations of $13.85 billion. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities research analysts expect that Ingram Micro Holding Corporation will post 3.32 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were issued a $0.086 dividend. The ex-dividend date was Tuesday, August 11th. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a yield of 1.3%. Ingram Micro’s payout ratio is 18.58%.

Institutional Investors Weigh In On Ingram Micro

Institutional investors have recently bought and sold shares of the business. Platinum Equity Advisors LLC DE acquired a new stake in shares of Ingram Micro during the 2nd quarter valued at about $4,867,901,130. Capital World Investors boosted its holdings in Ingram Micro by 12.9% during the fourth quarter. Capital World Investors now owns 2,642,029 shares of the company’s stock valued at $56,381,000 after acquiring an additional 302,858 shares during the period. Lind Value II ApS grew its holdings in Ingram Micro by 10.1% in the 4th quarter. Lind Value II ApS now owns 2,419,546 shares of the company’s stock valued at $51,633,000 after buying an additional 220,979 shares during the last quarter. River Road Asset Management LLC grew its stake 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 worth $28,440,000 after acquiring an additional 620,147 shares during the last quarter. Finally, BlackRock Inc. acquired a new stake in Ingram Micro in the 2nd quarter worth $35,663,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Ingram Micro in a report on Monday, August 31st. They issued a “hold” rating and a $30.00 price target for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $33.00 price objective on shares of Ingram Micro in a report on Friday, July 31st. Weiss Ratings raised Ingram Micro from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 8th. Zacks Research lowered shares of Ingram Micro from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Finally, JPMorgan Chase & Co. raised shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 target price on the stock in a research note on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.50.

Ingram Micro Company Profile

Ingram Micro Inc is a global technology distributor and provider of technology services. The company connects technology manufacturers with businesses, resellers, systems integrators, managed service providers and other channel partners. Its offerings span cloud and platform services, cybersecurity, data center and infrastructure products, networking, endpoint devices, software, peripherals and other information technology solutions.

In addition to distributing products, Ingram Micro provides logistics, supply-chain management, financing, configuration, integration, lifecycle management and professional services.