Ingram Micro (NYSE:INGM) Sees Strong Trading Volume – Here’s Why

Ingram Micro Holding Corporation (NYSE:INGM) shares saw unusually-high trading volume on Tuesday . Approximately 1,025,613 shares traded hands during 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.

Wall Street Analyst Weigh In

INGM has been the topic of a number of recent research reports. Raymond James Financial reiterated an “outperform” rating and set a $34.00 price target on shares of Ingram Micro in a research note on Friday, May 1st. Wall Street Zen downgraded shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. William Blair reiterated an “outperform” rating on shares of Ingram Micro in a research note on Tuesday, March 3rd. The Goldman Sachs Group lifted their price target on shares of Ingram Micro from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings upgraded shares of Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. 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 stock presently has a consensus rating of “Hold” and a consensus price target of $28.86.

Ingram Micro Price Performance

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.31. The company’s 50 day moving average price is $28.30 and its 200 day moving average price is $24.17. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 0.85 and a beta of 1.78.

Ingram Micro (NYSE:INGM) last issued its earnings results on Thursday, April 30th. The company reported $0.75 EPS for the quarter, beating 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 company had revenue of $13.96 billion for the quarter, compared to the consensus estimate of $12.76 billion. The company’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. On average, equities research analysts predict that Ingram Micro Holding Corporation will post 3.27 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

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

Ingram Micro announced that its Board of Directors has approved a stock buyback plan on Monday, March 2nd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits 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 believes its shares are undervalued.

Insider Buying and Selling at Ingram Micro

In other news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $29.03, for a total value of $150,000,013.07. Following the sale, the insider owned 177,466,319 shares in the company, valued at approximately $5,151,847,240.57. The trade was a 2.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Augusto Aragone sold 10,000 shares of the business’s stock in a transaction 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 completion of the sale, the vice president owned 140,465 shares in the company, valued at $4,213,950. This represents a 6.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,227,069 shares of company stock worth $151,765,013 in the last 90 days. 0.95% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ingram Micro

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Ingram Micro by 11.8% in the second quarter. Geode Capital Management LLC now owns 103,184 shares of the company’s stock valued at $2,150,000 after buying an additional 10,878 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Ingram Micro by 6.3% in the second quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock valued at $284,000 after buying an additional 803 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Ingram Micro in the second quarter valued at about $755,000. Invesco Ltd. raised its holdings in shares of Ingram Micro by 29.0% in the second quarter. Invesco Ltd. now owns 60,522 shares of the company’s stock valued at $1,261,000 after buying an additional 13,605 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Ingram Micro in the second quarter valued at about $1,852,000.

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.