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

Key Points

• Analysts maintain a “Hold” consensus on Ingram Micro, with six holds and four buys among 10 analysts. The average 12-month price target is $30.50, above the reported $26.36 share price.
• Ingram Micro exceeded quarterly expectations, reporting EPS of $0.82 versus the $0.74 consensus and revenue of $14.53 billion 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 payout and a 1.3% yield. Major shareholder Platinum Equity sold 1.97 million shares, reducing its stake by 1.2%.

Shares of Ingram Micro Holding Corporation (NYSE:INGM - Get Free Report) have earned a consensus rating of "Hold" from the ten analysts that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $30.50.

Several research analysts have recently weighed in on the company. Weiss Ratings raised Ingram Micro from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, September 8th. Morgan Stanley cut their target price on Ingram Micro from $33.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Ingram Micro in a report on Monday, August 31st. They issued a "hold" rating and a $30.00 target price for the company. Zacks Research lowered Ingram Micro from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $33.00 price target on shares of Ingram Micro in a report on Friday, July 31st.

Ingram Micro Stock Performance

NYSE:INGM opened at $26.36 on Friday. The company has a market capitalization of $6.08 billion, a PE ratio of 14.41, a P/E/G ratio of 0.70 and a beta of 1.74. The company has a 50 day simple moving average of $28.16 and a two-hundred day simple moving average of $27.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 1.31. Ingram Micro has a fifty-two week low of $19.03 and a fifty-two week high of $31.69.

Ingram Micro (NYSE:INGM - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.82 earnings per share (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 firm had revenue of $14.53 billion for the quarter, compared to the consensus estimate of $13.85 billion. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. Research analysts anticipate that Ingram Micro will post 3.4 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. Investors of record on Tuesday, August 11th were given a dividend of $0.0860 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, August 11th. This is a boost from Ingram Micro's previous quarterly dividend of $0.0840. Ingram Micro's dividend payout ratio is presently 18.58%.

Insider Buying and Selling

In other Ingram Micro news, major shareholder Platinum Equity, Llc sold 1,968,750 shares of the firm's stock in a transaction on Tuesday, September 15th. The shares were 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 directly owned 162,372,569 shares in the company, valued at approximately $4,414,910,151.11. This trade represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.95% of the company's stock.

Institutional Trading of Ingram Micro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in shares of Ingram Micro by 72.9% in the second quarter. Allworth Financial LP now owns 1,290 shares of the company's stock valued at $35,000 after buying an additional 544 shares in the last quarter. Royal Bank of Canada increased its position in shares of 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 acquiring an additional 1,054 shares in the last quarter. Pullen Investment Management LLC increased its position in shares of Ingram Micro by 1.2% during the first quarter. Pullen Investment Management LLC now owns 109,121 shares of the company's stock worth $2,544,000 after acquiring an additional 1,338 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Ingram Micro in the 2nd quarter worth about $38,000. Finally, Meeder Asset Management Inc. bought a new position in Ingram Micro in the 2nd quarter valued at about $44,000.

Ingram Micro Company Profile

Ingram Micro Inc is a global technology distributor and provider of technology services. The company connects technology manufacturers with businesses, resellers, systems integrators, managed service providers and other channel partners. Its offerings span cloud and platform services, cybersecurity, data center and infrastructure products, networking, endpoint devices, software, peripherals and other information technology solutions.

In addition to distributing products, Ingram Micro provides logistics, supply-chain management, financing, configuration, integration, lifecycle management and professional services.

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