Ingram Micro Holding Corporation (NYSE:INGM) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts rate Ingram Micro “Hold” overall: Six of nine analysts recommend holding the stock, while three recommend buying it. The average 12-month price target is $31.00, compared with a recent price of $28.68.
• Ingram Micro exceeded quarterly expectations, reporting $0.82 in earnings per share versus the $0.74 consensus estimate and revenue of $14.53 billion. The company guided to third-quarter EPS of $0.72–$0.82.
• The company raised its quarterly dividend to $0.086 per share, implying an annualized yield of about 1.2%. Meanwhile, insiders sold approximately 5.23 million shares worth $151.8 million over the past 90 days.

Shares of Ingram Micro Holding Corporation (NYSE:INGM - Get Free Report) have earned a consensus rating of "Hold" from the nine brokerages that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $31.00.

Several analysts recently weighed in on INGM shares. Truist Financial lifted their price objective on Ingram Micro from $29.00 to $31.00 and gave the company a "hold" rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. upgraded shares of Ingram Micro from an "underweight" rating to a "neutral" rating and set a $27.00 target price on the stock in a report on Wednesday, May 27th. Zacks Research downgraded shares of Ingram Micro from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 19th. Wall Street Zen lowered shares of Ingram Micro from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 16th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $33.00 price target on shares of Ingram Micro in a research report on Friday, July 31st.

Insider Buying and Selling at Ingram Micro

In other news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the business's stock in a transaction 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 directly owned 177,466,319 shares of the company's stock, valued at approximately $5,151,847,240.57. The trade was a 2.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 worth $151,765,013 in the last ninety days. Insiders own 0.95% of the company's stock.

Hedge Funds Weigh In On Ingram Micro

A number of large investors have recently added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in shares of Ingram Micro in the 2nd quarter valued at about $35,000. Royal Bank of Canada raised its stake in shares of Ingram Micro by 252.2% during the 1st quarter. Royal Bank of Canada now owns 1,472 shares of the company's stock worth $34,000 after acquiring an additional 1,054 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Ingram Micro during the 2nd quarter worth approximately $44,000. Comerica Bank lifted its position in Ingram Micro by 2,844.2% during the third quarter. Comerica Bank now owns 3,798 shares of the company's stock valued at $82,000 after acquiring an additional 3,669 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Ingram Micro by 33.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,136 shares of the company's stock valued at $88,000 after acquiring an additional 1,031 shares during the last quarter.

Ingram Micro Trading Down 0.1%

INGM opened at $28.68 on Monday. The stock's fifty day moving average is $28.31 and its two-hundred day moving average is $26.63. The company has a market capitalization of $6.62 billion, a P/E ratio of 15.67, a PEG ratio of 0.70 and a beta of 1.75. Ingram Micro has a 52 week low of $18.77 and a 52 week high of $31.69. The company has a quick ratio of 0.88, a current ratio of 1.31 and a debt-to-equity ratio of 0.60.

Ingram Micro (NYSE:INGM - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.82 earnings per share for the quarter, topping 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 business had revenue of $14.53 billion during 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 3.37 earnings per share for the current year.

Ingram Micro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.086 per share. This is an increase from Ingram Micro's previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, August 11th. Ingram Micro's dividend payout ratio (DPR) is currently 18.58%.

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.

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