Ingram Micro Holding Corporation (NYSE:INGM) Given Consensus Rating of “Hold” by Brokerages

Shares of Ingram Micro Holding Corporation (NYSE:INGM) have been given an average recommendation of “Hold” by the ten brokerages that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $30.8750.

A number of equities research analysts have commented on INGM shares. JPMorgan Chase & Co. upgraded 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. Truist Financial increased their price objective on shares of Ingram Micro from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ingram Micro in a research note on Monday, August 31st. They set a “hold” rating and a $30.00 target price on the stock. Morgan Stanley increased their price target on Ingram Micro from $27.50 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen cut Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th.

Insider Activity at Ingram Micro

In other news, VP Augusto Aragone sold 10,000 shares of Ingram Micro stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the sale, the vice president owned 140,465 shares in the company, valued at $4,213,950. This trade represents a 6.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the completion of the transaction, the insider directly owned 177,466,319 shares in the company, valued at $5,151,847,240.57. This trade represents a 2.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,227,069 shares of company stock worth $151,765,013 in the last three months. 0.95% of the stock is owned by corporate insiders.

Institutional Trading of Ingram Micro

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hussman Strategic Advisors Inc. bought a new stake in shares of Ingram Micro in the 4th quarter worth about $896,000. Platinum Equity Advisors LLC DE bought a new position in Ingram Micro during the 2nd quarter valued at about $4,867,901,130. Comerica Bank grew its holdings in Ingram Micro by 1,566.3% during the 4th quarter. Comerica Bank now owns 63,286 shares of the company’s stock valued at $1,351,000 after purchasing an additional 59,488 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Ingram Micro during the first quarter worth $3,907,000. Finally, Watershed Asset Management L.L.C. purchased a new stake in shares of Ingram Micro during the first quarter valued at $470,000.

Ingram Micro Stock Performance

Shares of INGM opened at $28.82 on Monday. The business has a 50-day simple moving average of $28.34 and a two-hundred day simple moving average of $26.86. 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 has a 52 week low of $19.03 and a 52 week high of $31.69. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.75 and a beta of 1.74.

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

Ingram Micro Increases Dividend

The firm also recently announced 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. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, August 11th. Ingram Micro’s dividend payout ratio (DPR) is 18.58%.

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.