Ingram Micro Holding Corporation (NYSE:INGM) Receives Consensus Recommendation of “Hold” from Analysts

Ingram Micro Holding Corporation (NYSE:INGM) has received an average recommendation of “Hold” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $28.8571.

A number of research firms have recently issued reports on INGM. Raymond James Financial reissued an “outperform” rating and set a $34.00 price target on shares of Ingram Micro in a research report on Friday, May 1st. Evercore set a $26.00 price target on Ingram Micro in a research report on Monday, April 20th. Wall Street Zen downgraded Ingram Micro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Truist Financial increased their price target on Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. raised Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price target on the stock in a research report on Wednesday, May 27th.

Insiders Place Their Bets

In related news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the completion of the sale, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available through this link. 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 value of $300,000.00. Following the sale, the vice president owned 140,465 shares of the company’s stock, valued at $4,213,950. This trade represents a 6.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,227,069 shares of company stock valued at $151,765,013 over the last 90 days. 0.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ingram Micro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its stake in Ingram Micro by 27.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company’s stock valued at $66,719,000 after buying an additional 673,840 shares during the last quarter. American Century Companies Inc. raised its stake in Ingram Micro by 1.9% in the third quarter. American Century Companies Inc. now owns 2,914,724 shares of the company’s stock valued at $62,637,000 after buying an additional 54,971 shares during the last quarter. Wellington Management Group LLP raised its stake in Ingram Micro by 26.4% in the fourth quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company’s stock valued at $56,834,000 after buying an additional 556,931 shares during the last quarter. Capital World Investors raised its stake in Ingram Micro by 12.9% in the fourth quarter. Capital World Investors now owns 2,642,029 shares of the company’s stock valued at $56,381,000 after buying an additional 302,858 shares during the last quarter. Finally, Lind Value II ApS raised its stake in Ingram Micro by 10.1% in the fourth quarter. Lind Value II ApS now owns 2,419,546 shares of the company’s stock valued at $51,633,000 after buying an additional 220,979 shares during the last quarter.

Ingram Micro Price Performance

INGM opened at $28.20 on Tuesday. Ingram Micro has a 12-month low of $18.09 and a 12-month high of $31.69. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The business’s fifty day simple moving average is $28.37 and its 200-day simple moving average is $24.25. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 0.83 and a beta of 1.78.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The business had revenue of $13.96 billion for the quarter, compared to the consensus estimate of $12.76 billion. The business’s 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 anticipate that Ingram Micro will post 3.27 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were paid a dividend of $0.084 per share. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, May 12th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.2%. Ingram Micro’s dividend payout ratio (DPR) is currently 22.52%.

Ingram Micro announced that its Board of Directors has authorized a share repurchase program on Monday, March 2nd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is 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.