Ingram Micro Holding Corporation (NYSE:INGM) Stock Has Consensus Price Target of $30.50 According to Brokerages

Key Points

• Analyst consensus is “Hold” for Ingram Micro, with six holds and four buys among 10 brokerages. The average 12-month price target is $30.50, versus the stock’s reported price of $26.63.
• Ingram Micro exceeded quarterly expectations, reporting $0.82 in EPS versus the $0.74 consensus estimate and $14.53 billion in revenue versus $13.85 billion expected. Analysts forecast full-year EPS of $3.40.
• The company increased its quarterly dividend to $0.086 per share, equivalent to an annualized $0.34 dividend and a 1.3% yield. Major shareholder Platinum Equity sold 1.97 million shares, reducing its position by 1.2%.

Shares of Ingram Micro Holding Corporation (NYSE:INGM - Get Free Report) have received a consensus rating of "Hold" from the ten brokerages that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $30.50.

Several brokerages have issued reports on INGM. Morgan Stanley lowered their price target on shares of Ingram Micro from $33.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 16th. Wall Street Zen cut Ingram Micro from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 16th. Deutsche Bank Aktiengesellschaft started coverage on Ingram Micro in a research report on Monday, August 31st. They issued a "hold" rating and a $30.00 target price on the stock. Zacks Research lowered Ingram Micro from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 19th. Finally, Weiss Ratings upgraded Ingram Micro from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 9th.

Insider Activity at Ingram Micro

In other news, major shareholder Platinum Equity, Llc sold 1,968,750 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $27.19, for a total value of $53,530,312.50. Following the completion of the sale, the insider owned 162,372,569 shares of the company's stock, valued at approximately $4,414,910,151.11. This represents a 1.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.95% of the company's stock.

Hedge Funds Weigh In On Ingram Micro

A number of institutional investors have recently added to or reduced their stakes in INGM. Royal Bank of Canada grew its holdings in Ingram Micro by 252.2% during the first quarter. Royal Bank of Canada now owns 1,472 shares of the company's stock worth $34,000 after purchasing an additional 1,054 shares during the period. Allworth Financial LP bought a new stake in Ingram Micro in the second quarter valued at approximately $35,000. Integrated Wealth Concepts LLC bought a new stake in Ingram Micro in the second quarter valued at approximately $38,000. Meeder Asset Management Inc. bought a new stake in Ingram Micro in the second quarter valued at approximately $44,000. Finally, Lido Advisors LLC acquired a new stake in shares of Ingram Micro in the first quarter valued at approximately $235,000.

Ingram Micro Price Performance

Shares of INGM opened at $26.63 on Tuesday. 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 has a twelve month low of $19.03 and a twelve month high of $31.69. The stock has a market capitalization of $6.14 billion, a P/E ratio of 14.55, a P/E/G ratio of 0.69 and a beta of 1.76. The company has a 50 day moving average of $27.57 and a 200-day moving average of $27.96.

Ingram Micro (NYSE:INGM - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. The business had revenue of $14.53 billion for the quarter, compared to analyst estimates of $13.85 billion. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, equities research analysts forecast that Ingram Micro will post 3.40 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were paid a $0.0860 dividend. This is a positive change from Ingram Micro's previous quarterly dividend of $0.0840. This represents a $0.34 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, August 11th. Ingram Micro's dividend payout ratio is 18.58%.

Ingram Micro Company Profile

Ingram Micro Inc is a global technology distribution and services company that connects technology manufacturers with businesses, resellers, systems integrators and other channel partners. Its portfolio includes hardware, software, cloud solutions, cybersecurity products, networking equipment, data-center technologies and communications solutions.

The company also provides value-added services such as cloud marketplace management, device lifecycle services, logistics, fulfillment, financing support, technical assistance and professional services.

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