Ingram Micro Holding Corporation (NYSE:INGM) Stock Has Consensus Target Price of $30.50

Ingram Micro Holding Corporation (NYSE:INGM) has been given an average rating of “Hold” by the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $30.50.

Several brokerages have recently commented on INGM. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $33.00 price objective on shares of Ingram Micro in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Ingram Micro from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Truist Financial raised their price target on shares of Ingram Micro from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, August 4th. Zacks Research downgraded shares of Ingram Micro from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Ingram Micro in a report on Monday, August 31st. They set a “hold” rating and a $30.00 price objective on the stock.

Insider Buying and Selling at Ingram Micro

In other news, major shareholder Platinum Equity, Llc sold 1,968,750 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $27.19, for a total value of $53,530,312.50. Following the completion of the sale, the insider directly owned 162,372,569 shares of the company’s stock, valued at $4,414,910,151.11. This represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.95% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ingram Micro

Several institutional investors have recently modified their holdings of INGM. Royal Bank of Canada raised its position in Ingram Micro by 252.2% in the first quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock worth $34,000 after acquiring an additional 1,054 shares during the period. Allworth Financial LP purchased a new position in Ingram Micro in the second quarter valued at about $35,000. Integrated Wealth Concepts LLC purchased a new position in Ingram Micro in the second quarter valued at about $38,000. Reyes Financial Architecture Inc. bought a new position in shares of Ingram Micro during the 3rd quarter valued at approximately $43,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Ingram Micro during the 2nd quarter valued at approximately $44,000.

Ingram Micro Trading Down 0.8%

Shares of INGM stock opened at $27.40 on Tuesday. Ingram Micro has a twelve month low of $19.03 and a twelve month high of $31.69. The stock’s fifty day simple moving average is $27.53 and its 200 day simple moving average is $28.02. The company has a quick ratio of 0.88, a current ratio of 1.31 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $6.32 billion, a P/E ratio of 8.50, a P/E/G ratio of 0.71 and a beta of 1.76.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $14.53 billion during the quarter, compared to analyst estimates of $13.85 billion. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, sell-side analysts predict that Ingram Micro will post 3.40 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.0860 per share. The ex-dividend date was Tuesday, August 11th. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.0840. This represents a $0.34 annualized dividend and a yield of 1.3%. Ingram Micro’s dividend payout ratio is currently 18.58%.

Ingram Micro Company Profile

Ingram Micro Inc is a global technology distribution and services company that connects technology manufacturers with businesses, resellers, systems integrators and other channel partners. Its portfolio includes hardware, software, cloud solutions, cybersecurity products, networking equipment, data-center technologies and communications solutions.

The company also provides value-added services such as cloud marketplace management, device lifecycle services, logistics, fulfillment, financing support, technical assistance and professional services.