Ingram Micro (NYSE:INGM) Major Shareholder Platinum Equity, Llc Sells 5,167,069 Shares of Stock

Ingram Micro Holding Corporation (NYSE:INGM) major shareholder Platinum Equity, Llc sold 5,167,069 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $29.03, for a total value of $150,000,013.07. Following the transaction, the insider owned 177,466,319 shares of the company’s stock, valued at approximately $5,151,847,240.57. The trade was a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, May 7th, Platinum Equity, Llc sold 14,471,153 shares of Ingram Micro stock. The shares were sold at an average price of $24.96, for a total value of $361,199,978.88.

Ingram Micro Price Performance

Shares of INGM opened at $28.48 on Thursday. The company has a 50 day moving average of $28.30 and a 200-day moving average of $24.17. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $6.60 billion, a P/E ratio of 18.86, a P/E/G ratio of 0.85 and a beta of 1.78. Ingram Micro Holding Corporation has a twelve month low of $18.09 and a twelve month high of $31.69.

Ingram Micro (NYSE:INGM) last announced its earnings results on Thursday, April 30th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The business had revenue of $13.96 billion during the quarter, compared to analysts’ expectations of $12.76 billion. The business’s 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 forecast that Ingram Micro Holding Corporation will post 3.27 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were issued a $0.084 dividend. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, May 12th. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s dividend payout ratio is 22.52%.

Ingram Micro declared that its Board of Directors has authorized a stock buyback plan on Monday, March 2nd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Ingram Micro

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Ingram Micro by 252.2% in the first quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock valued at $34,000 after buying an additional 1,054 shares during the period. Comerica Bank increased its holdings in shares of Ingram Micro by 2,844.2% during the 3rd quarter. Comerica Bank now owns 3,798 shares of the company’s stock worth $82,000 after acquiring an additional 3,669 shares during the last quarter. Wells Fargo & Company MN raised 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 valued at $88,000 after acquiring an additional 1,031 shares during the period. CWM LLC lifted its holdings in Ingram Micro by 20.5% during the 4th quarter. CWM LLC now owns 4,144 shares of the company’s stock valued at $88,000 after purchasing an additional 705 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Ingram Micro during the 4th quarter valued at $94,000.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. JPMorgan Chase & Co. raised Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price target for the company in a research report on Wednesday, May 27th. Truist Financial upped their price objective on Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings raised Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Royal Bank Of Canada raised their target price 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, Wall Street Zen downgraded shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $28.86.

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.