Ingram Micro (NYSE:INGM) VP Sells $300,000.00 in Stock

Ingram Micro Holding Corporation (NYSE:INGM) VP Augusto Aragone sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president owned 140,465 shares in the company, valued at $4,213,950. This represents a 6.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Augusto Aragone also recently made the following trade(s):

• On Friday, June 12th, Augusto Aragone sold 50,000 shares of Ingram Micro stock. The shares were sold at an average price of $29.30, for a total transaction of $1,465,000.00.

Ingram Micro Trading Down 1.0%

NYSE INGM opened at $28.20 on Friday. The firm’s fifty day moving average is $28.35 and its two-hundred day moving average is $24.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.31. The firm has a market cap of $6.53 billion, a PE ratio of 18.67, a P/E/G ratio of 0.83 and a beta of 1.78. Ingram Micro Holding Corporation has a one year low of $18.09 and a one year high of $31.69.

Ingram Micro (NYSE:INGM) last posted 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. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The company had revenue of $13.96 billion during the quarter, compared to analysts’ expectations of $12.76 billion. The firm’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. Analysts expect that Ingram Micro Holding Corporation will post 3.27 earnings per share for the current year.

Ingram Micro declared that its Board of Directors has initiated a share repurchase program on Monday, March 2nd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were issued a $0.084 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. Ingram Micro’s payout ratio is presently 22.52%.

Wall Street Analyst Weigh In

Several research firms have issued reports on INGM. Morgan Stanley increased their price objective on Ingram Micro from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Wall Street Zen downgraded shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Truist Financial increased their target price on shares of Ingram Micro from $25.00 to $29.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Zacks Research upgraded shares of Ingram Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, William Blair restated an “outperform” rating on shares of Ingram Micro in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.86.

Hedge Funds Weigh In On Ingram Micro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INGM. American Century Companies Inc. increased its stake in shares of Ingram Micro by 1.9% during the 3rd quarter. American Century Companies Inc. now owns 2,914,724 shares of the company’s stock worth $62,637,000 after purchasing an additional 54,971 shares in the last quarter. Crossingbridge Advisors LLC lifted its stake in Ingram Micro by 600.0% in the 3rd quarter. Crossingbridge Advisors LLC now owns 70,000 shares of the company’s stock valued at $1,504,000 after buying an additional 60,000 shares in the last quarter. Invenomic Capital Management LP grew its holdings in Ingram Micro by 58.2% during the 3rd quarter. Invenomic Capital Management LP now owns 929,332 shares of the company’s stock valued at $19,971,000 after buying an additional 341,895 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in Ingram Micro during the 4th quarter valued at $896,000. Finally, Comerica Bank increased its position in Ingram Micro by 1,566.3% during the fourth quarter. Comerica Bank now owns 63,286 shares of the company’s stock worth $1,351,000 after buying an additional 59,488 shares in the last quarter.

About Ingram Micro

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.