Empowered Funds LLC Purchases New Stake in Ingram Micro Holding Corporation $INGM

Empowered Funds LLC purchased a new stake in shares of Ingram Micro Holding Corporation (NYSE:INGM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 180,090 shares of the company’s stock, valued at approximately $4,940,000.

A number of other large investors have also added to or reduced their stakes in INGM. Geode Capital Management LLC raised its stake in shares of Ingram Micro by 11.8% during the second quarter. Geode Capital Management LLC now owns 103,184 shares of the company’s stock valued at $2,150,000 after acquiring an additional 10,878 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Ingram Micro by 6.3% in the second quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock worth $284,000 after purchasing an additional 803 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Ingram Micro in the second quarter worth about $755,000. Invesco Ltd. increased its holdings in Ingram Micro by 29.0% during the 2nd quarter. Invesco Ltd. now owns 60,522 shares of the company’s stock valued at $1,261,000 after purchasing an additional 13,605 shares during the period. Finally, Jump Financial LLC purchased a new position in Ingram Micro during the 2nd quarter valued at $1,852,000.

Ingram Micro Price Performance

INGM opened at $28.36 on Tuesday. The stock has a fifty day simple moving average of $28.31 and a two-hundred day simple moving average of $26.68. 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 company has a market cap of $6.54 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 0.70 and a beta of 1.75. Ingram Micro Holding Corporation has a 12-month low of $18.77 and a 12-month high of $31.69.

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

Ingram Micro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were given a dividend of $0.086 per share. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.34 dividend on an annualized basis and a yield of 1.2%. Ingram Micro’s dividend payout ratio is 18.58%.

Analyst Ratings Changes

Several research firms have recently commented on INGM. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $33.00 target price on shares of Ingram Micro in a research report on Friday, July 31st. Zacks Research cut shares of Ingram Micro from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft started coverage on shares of Ingram Micro in a research note on Monday. They issued a “hold” rating and a $30.00 price target for the company. JPMorgan Chase & Co. upgraded shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price objective for the company in a report on Wednesday, May 27th. Finally, Morgan Stanley lifted their price objective on Ingram Micro from $27.50 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.88.

Insider Activity

In related 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 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 legal filing with the SEC, 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 completion of the sale, the vice president owned 140,465 shares in the company, valued at approximately $4,213,950. This trade represents a 6.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,227,069 shares of company stock worth $151,765,013 in the last three months. 0.95% of the stock is currently owned by insiders.

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.