Ingram Micro Holding Corporation (NYSE:INGM) Receives $31.00 Average PT from Brokerages

Ingram Micro Holding Corporation (NYSE:INGM) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $31.00.

A number of brokerages have recently commented on INGM. Royal Bank Of Canada lifted their price target on Ingram Micro from $24.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. 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. Weiss Ratings upgraded shares of Ingram Micro from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. The Goldman Sachs Group reissued a “neutral” rating and set a $33.00 target price on shares of Ingram Micro in a report on Friday, July 31st. Finally, Evercore set a $26.00 price target on shares of Ingram Micro in a research report on Monday, April 20th.

Ingram Micro Stock Performance

NYSE INGM opened at $27.70 on Thursday. The firm’s fifty day moving average price is $28.69 and its two-hundred day moving average price is $25.95. The stock has a market cap of $6.39 billion, a PE ratio of 15.14, a PEG ratio of 0.69 and a beta of 1.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 1.31. Ingram Micro has a fifty-two week low of $18.66 and a fifty-two week high of $31.69.

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

Ingram Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th will be issued a $0.086 dividend. The ex-dividend date is Tuesday, August 11th. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a yield of 1.2%. Ingram Micro’s dividend payout ratio (DPR) is currently 18.58%.

Insider Buying and Selling at Ingram Micro

In related news, VP Augusto Aragone sold 50,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the completion of the transaction, the vice president directly owned 150,465 shares of the company’s stock, valued at $4,408,624.50. This trade represents a 24.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 company’s stock in a transaction dated 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 completion of the sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 5,227,069 shares of company stock valued at $151,765,013. 0.95% of the stock is owned by corporate insiders.

Institutional Trading of Ingram Micro

Several institutional investors have recently added to or reduced their stakes in INGM. Denali Advisors LLC bought a new position in Ingram Micro during the 2nd quarter worth approximately $278,000. Meeder Asset Management Inc. acquired a new position in shares of Ingram Micro in the 2nd quarter worth approximately $44,000. BlackRock Inc. bought a new stake in shares of Ingram Micro in the 2nd quarter valued at $35,663,000. Deutsche Bank AG bought a new stake in shares of Ingram Micro in the 2nd quarter valued at $6,909,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Ingram Micro during the second quarter worth $6,193,000.

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.