Ingram Micro (NYSE:INGM) Shares Gap Down – Time to Sell?

Ingram Micro Holding Corporation (NYSE:INGM)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $28.38, but opened at $26.74. Ingram Micro shares last traded at $26.6260, with a volume of 1,828,097 shares traded.

Analysts Set New Price Targets

A number of research firms have issued reports on INGM. 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 research report on Tuesday, August 4th. Zacks Research lowered Ingram Micro from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $33.00 price objective on shares of Ingram Micro in a research report on Friday, July 31st. JPMorgan Chase & Co. raised Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 target price for the company in a research note on Wednesday, May 27th. Finally, Weiss Ratings lowered shares of Ingram Micro from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.88.

Ingram Micro Trading Down 7.1%

The company has a fifty day moving average of $28.39 and a 200-day moving average of $26.96. 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 capitalization of $6.08 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.75 and a beta of 1.74.

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. The business had revenue of $14.53 billion during 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. As a group, equities research analysts anticipate that Ingram Micro Holding Corporation will post 3.37 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were paid a $0.086 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.34 annualized dividend and a yield of 1.3%. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s dividend payout ratio is currently 18.58%.

Insider Buying and Selling at Ingram Micro

In other Ingram Micro news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of Ingram Micro stock in a transaction on 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Augusto Aragone sold 10,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. Following the sale, the vice president directly owned 140,465 shares of the company’s stock, valued at $4,213,950. The trade was 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. In the last ninety days, insiders have sold 5,227,069 shares of company stock worth $151,765,013. 0.95% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of INGM. Platinum Equity Advisors LLC DE acquired a new stake in shares of Ingram Micro during the 2nd quarter worth approximately $4,867,901,130. Pacer Advisors Inc. purchased a new stake in shares of Ingram Micro during the 1st quarter valued at approximately $3,907,000. Watershed Asset Management L.L.C. acquired a new position in Ingram Micro in the first quarter valued at approximately $470,000. Sei Investments Co. grew its position in Ingram Micro by 73.8% in the first quarter. Sei Investments Co. now owns 88,762 shares of the company’s stock worth $2,069,000 after acquiring an additional 37,680 shares during the period. Finally, Amundi purchased a new position in Ingram Micro in the first quarter worth approximately $1,668,000.

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.