1,300,132 Shares in Ingram Micro Holding Corporation $INGM Bought by BlackRock Inc.

Key Points

• BlackRock acquired 1.3 million Ingram Micro shares worth approximately $35.7 million, giving it a 0.56% stake. Other institutional investors also increased their positions.
• Ingram Micro exceeded quarterly expectations, reporting $0.82 EPS versus the $0.74 consensus and $14.53 billion in revenue versus $13.85 billion expected. The company guided for third-quarter EPS of $0.72–$0.82.
• The stock was trading at $27.68, while analysts maintained an overall “Hold” consensus with an average price target of $30.88. The company also raised its quarterly dividend to $0.086 per share.

BlackRock Inc. acquired a new stake in Ingram Micro Holding Corporation (NYSE:INGM - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,300,132 shares of the company's stock, valued at approximately $35,663,000. BlackRock Inc. owned approximately 0.56% of Ingram Micro at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of 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 purchasing an additional 1,054 shares during the period. Comerica Bank boosted its position in shares of Ingram Micro by 2,844.2% during the third quarter. Comerica Bank now owns 3,798 shares of the company's stock worth $82,000 after buying an additional 3,669 shares during the period. CWM LLC grew its holdings in shares of Ingram Micro by 20.5% during the fourth quarter. CWM LLC now owns 4,144 shares of the company's stock worth $88,000 after buying an additional 705 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Ingram Micro by 33.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,136 shares of the company's stock worth $88,000 after buying an additional 1,031 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Ingram Micro in the 4th quarter valued at approximately $94,000.

Ingram Micro Stock Down 1.7%

Ingram Micro stock opened at $27.68 on Wednesday. The company's 50-day moving average price is $28.30 and its two-hundred day moving average price is $26.72. The company has a quick ratio of 0.88, a current ratio of 1.31 and a debt-to-equity ratio of 0.60. The stock has a market cap of $6.38 billion, a P/E ratio of 15.13, a P/E/G ratio of 0.69 and a beta of 1.74. Ingram Micro Holding Corporation has a twelve month low of $18.77 and a twelve month high of $31.69.

Ingram Micro (NYSE:INGM - Get Free Report) last issued its quarterly earnings data 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 return on equity of 18.07% and a net margin of 0.77%.The company 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. As a group, analysts expect that Ingram Micro Holding Corporation will post 3.37 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were paid a $0.086 dividend. This is a boost from Ingram Micro's previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, August 11th. This represents a $0.34 annualized dividend and a yield of 1.2%. Ingram Micro's dividend payout ratio is presently 18.58%.

Wall Street Analyst Weigh In

INGM has been the subject of several recent research reports. The Goldman Sachs Group restated a "neutral" rating and set a $33.00 target price on shares of Ingram Micro in a report on Friday, July 31st. Weiss Ratings cut shares of Ingram Micro from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, August 21st. JPMorgan Chase & Co. upgraded shares of Ingram Micro from an "underweight" rating to a "neutral" rating and set a $27.00 price objective for the company in a research note on Wednesday, May 27th. Wall Street Zen cut Ingram Micro from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 16th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Ingram Micro in a research report on Monday. They issued a "hold" rating and a $30.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $30.88.

Insiders Place Their Bets

In other news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $29.03, for a total value of $150,000,013.07. Following the completion of the sale, the insider 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Augusto Aragone sold 50,000 shares of the company's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the completion of the transaction, the vice president owned 150,465 shares in the company, valued at $4,408,624.50. This trade represents a 24.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 5,227,069 shares of company stock worth $151,765,013. Insiders own 0.95% of the company's stock.

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.

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