Deutsche Bank AG Buys New Shares in Ingram Micro Holding Corporation $INGM

Deutsche Bank AG bought a new position in shares of Ingram Micro Holding Corporation (NYSE:INGM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 251,872 shares of the company’s stock, valued at approximately $6,909,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new stake in Ingram Micro in the 2nd quarter valued at about $6,193,000. GSA Capital Partners LLP purchased a new position in shares of Ingram Micro during the 2nd quarter worth about $1,397,000. Pacer Advisors Inc. acquired a new stake in shares of Ingram Micro in the first quarter worth approximately $3,907,000. Bank of America Corp DE boosted its position in shares of Ingram Micro by 225.1% in the first quarter. Bank of America Corp DE now owns 1,038,331 shares of the company’s stock worth $24,203,000 after acquiring an additional 718,970 shares during the last quarter. Finally, Amundi purchased a new stake in Ingram Micro in the first quarter valued at approximately $1,668,000.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Truist Financial upped 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 shares of Ingram Micro from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Raymond James Financial restated an “outperform” rating and set a $34.00 price objective on shares of Ingram Micro in a report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $33.00 target price on shares of Ingram Micro in a research report on Friday, July 31st. Finally, Weiss Ratings cut Ingram Micro from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.00.

Ingram Micro Stock Performance

NYSE:INGM opened at $27.80 on Tuesday. The firm’s fifty day simple moving average is $28.27 and its 200 day simple moving average is $26.42. The company has a current ratio of 1.31, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. Ingram Micro Holding Corporation has a twelve month low of $18.77 and a twelve month high of $31.69. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 0.67 and a beta of 1.75.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.82 earnings per share (EPS) 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 firm had revenue of $14.53 billion during 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. As a group, equities research analysts expect that Ingram Micro Holding Corporation will post 3.37 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th will be paid a $0.086 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, August 11th. Ingram Micro’s payout ratio is 18.58%.

Insider Activity

In other Ingram Micro news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $29.03, for a total value of $150,000,013.07. Following the completion of the transaction, the insider owned 177,466,319 shares in the company, valued at $5,151,847,240.57. This represents a 2.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Augusto Aragone sold 10,000 shares of the stock in a transaction that occurred 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 directly owned 140,465 shares of the company’s stock, valued at $4,213,950. This trade 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. Over the last quarter, insiders have sold 5,227,069 shares of company stock worth $151,765,013. Company insiders own 0.95% of the company’s stock.

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.