Ingram Micro Holding Corporation (NYSE:INGM) Stock Has Average Target Price of $30.50

Shares of Ingram Micro Holding Corporation (NYSE:INGM) have received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $30.50.

A number of research analysts have issued reports on INGM shares. Truist Financial boosted their price target on Ingram Micro from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings lowered Ingram Micro from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ingram Micro in a research note on Monday, August 31st. They set a “hold” rating and a $30.00 price objective on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $33.00 target price on shares of Ingram Micro in a research report on Friday, July 31st. Finally, Wall Street Zen cut shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th.

Ingram Micro Price Performance

NYSE INGM opened at $27.72 on Friday. The company has a 50-day moving average price of $27.92 and a two-hundred day moving average price of $27.52. Ingram Micro has a 52 week low of $19.03 and a 52 week high of $31.69. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 0.69 and a beta of 1.76. 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 (NYSE:INGM) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%.The company had revenue of $14.53 billion for the quarter, compared to analysts’ expectations of $13.85 billion. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. Analysts forecast that Ingram Micro will post 3.4 EPS for the current year.

Ingram Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were paid a dividend of $0.0860 per share. This is a boost from Ingram Micro’s previous quarterly dividend of $0.0840. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, August 11th. Ingram Micro’s dividend payout ratio (DPR) is 18.58%.

Insider Buying and Selling

In related news, major shareholder Platinum Equity, Llc sold 1,968,750 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $27.19, for a total transaction of $53,530,312.50. Following the sale, the insider owned 162,372,569 shares of the company’s stock, valued at $4,414,910,151.11. The trade was a 1.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.95% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in Ingram Micro by 252.2% in the 1st quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock valued at $34,000 after acquiring an additional 1,054 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Ingram Micro in the 2nd quarter worth approximately $35,000. Integrated Wealth Concepts LLC bought a new stake in shares of Ingram Micro in the 2nd quarter worth approximately $38,000. Meeder Asset Management Inc. acquired a new stake in Ingram Micro during the second quarter valued at approximately $44,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Ingram Micro by 54.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,335 shares of the company’s stock worth $178,000 after buying an additional 2,935 shares in the last quarter.

Ingram Micro Company Profile

Ingram Micro Inc is a global technology distributor and services provider that connects technology manufacturers with business and consumer markets. The company distributes hardware, software, cloud solutions and related technology products, serving value-added resellers, managed service providers, systems integrators, retailers and other channel partners.

Its offerings include personal computers, servers, data-storage and networking equipment, cybersecurity and software products, as well as cloud-based solutions.