Ingram Micro (NYSE:INGM) Sees Strong Trading Volume – Still a Buy?

Ingram Micro Holding Corporation (NYSE:INGM) saw strong trading volume on Tuesday . 1,025,613 shares traded hands during mid-day trading, a decline of 12% from the previous session’s volume of 1,171,648 shares.The stock last traded at $29.4550 and had previously closed at $30.09.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price objective for the company in a research report on Wednesday, May 27th. Weiss Ratings raised shares of Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Evercore set a $26.00 price objective on shares of Ingram Micro in a research report on Monday, April 20th. Wall Street Zen lowered shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Ingram Micro in a research report on Friday, May 1st. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $28.86.

Ingram Micro Stock Down 3.2%

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 company has a market capitalization of $6.75 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 0.87 and a beta of 1.79. The business’s 50-day simple moving average is $28.14 and its 200-day simple moving average is $24.07.

Ingram Micro (NYSE:INGM) last posted its quarterly 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 company had revenue of $13.96 billion during the quarter, compared to analyst estimates of $12.76 billion. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. As a group, equities research analysts anticipate that Ingram Micro Holding Corporation will post 3.27 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were given a dividend of $0.084 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.34 dividend on an annualized basis and a yield of 1.2%. This is a boost from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s payout ratio is 22.52%.

Ingram Micro declared that its board has initiated a share repurchase program on Monday, March 2nd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Ingram Micro

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Ingram Micro by 1.9% during the 3rd quarter. American Century Companies Inc. now owns 2,914,724 shares of the company’s stock worth $62,637,000 after purchasing an additional 54,971 shares during the period. Crossingbridge Advisors LLC grew its stake in Ingram Micro by 600.0% in the 3rd quarter. Crossingbridge Advisors LLC now owns 70,000 shares of the company’s stock valued at $1,504,000 after acquiring an additional 60,000 shares during the period. Invenomic Capital Management LP grew its stake in Ingram Micro by 58.2% in the 3rd quarter. Invenomic Capital Management LP now owns 929,332 shares of the company’s stock valued at $19,971,000 after acquiring an additional 341,895 shares during the period. Hussman Strategic Advisors Inc. acquired a new stake in Ingram Micro in the 4th quarter valued at $896,000. Finally, Comerica Bank grew its stake in Ingram Micro by 1,566.3% in the 4th quarter. Comerica Bank now owns 63,286 shares of the company’s stock valued at $1,351,000 after acquiring an additional 59,488 shares during the period.

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.