Comerica Bank Grows Position in Ingram Micro Holding Corporation $INGM

Comerica Bank grew its holdings in Ingram Micro Holding Corporation (NYSE:INGM) by 1,566.3% during the 4th quarter, Holdings Channel reports. The fund owned 63,286 shares of the company’s stock after purchasing an additional 59,488 shares during the period. Comerica Bank’s holdings in Ingram Micro were worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. CWM LLC boosted its holdings in shares of Ingram Micro by 20.5% in the 4th quarter. CWM LLC now owns 4,144 shares of the company’s stock valued at $88,000 after acquiring an additional 705 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Ingram Micro in the 3rd quarter valued at $110,000. PNC Financial Services Group Inc. boosted its holdings in shares of Ingram Micro by 855.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,400 shares of the company’s stock valued at $116,000 after acquiring an additional 4,835 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Ingram Micro by 8.2% in the 3rd quarter. Quantbot Technologies LP now owns 11,416 shares of the company’s stock valued at $245,000 after acquiring an additional 868 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Ingram Micro by 6.3% in the 2nd quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock valued at $284,000 after acquiring an additional 803 shares during the last quarter.

Analysts Set New Price Targets

INGM has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Ingram Micro from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Truist Financial increased their price target on shares of Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Ingram Micro from $24.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, May 4th. William Blair reissued an “outperform” rating on shares of Ingram Micro in a report on Tuesday, March 3rd. Finally, Wall Street Zen downgraded shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ingram Micro has an average rating of “Hold” and a consensus target price of $28.71.

Ingram Micro Stock Up 1.5%

Shares of Ingram Micro stock opened at $27.28 on Friday. Ingram Micro Holding Corporation has a 52-week low of $18.09 and a 52-week high of $31.38. The company has a 50 day moving average of $25.30 and a 200 day moving average of $22.85. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $6.32 billion, a P/E ratio of 18.06, a P/E/G ratio of 0.79 and a beta of 2.00.

Ingram Micro (NYSE:INGM) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $13.96 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The company’s revenue was up 13.7% on a year-over-year basis. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. As a group, research analysts forecast that Ingram Micro Holding Corporation will post 3.25 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th will be given a $0.084 dividend. The ex-dividend date is 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 payout ratio is presently 21.85%.

Ingram Micro announced that its board has initiated a share buyback program on Monday, March 2nd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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.