180,090 Shares in Ingram Micro Holding Corporation $INGM Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC purchased 180,090 shares of Ingram Micro, valued at approximately $4.94 million, establishing a stake of about 0.08%. Several other institutional investors also increased their holdings.
• Ingram Micro reported quarterly EPS of $0.82, beating estimates by $0.08, while revenue reached $14.53 billion versus the $13.85 billion consensus. The company issued third-quarter EPS guidance of $0.72–$0.82.
• The stock recently traded at $28.36, while analysts maintain a consensus “Hold” rating with an average price target of $30.88. Ingram Micro also raised its quarterly dividend to $0.086 per share, producing a 1.2% annualized yield.

Empowered Funds LLC purchased a new stake in Ingram Micro Holding Corporation (NYSE:INGM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 180,090 shares of the company's stock, valued at approximately $4,940,000. Empowered Funds LLC owned approximately 0.08% of Ingram Micro as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Balyasny Asset Management L.P. grew its holdings in shares of Ingram Micro by 1.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 48,618 shares of the company's stock worth $1,038,000 after purchasing an additional 658 shares in the last quarter. CWM LLC raised its stake in Ingram Micro by 20.5% in the fourth quarter. CWM LLC now owns 4,144 shares of the company's stock valued at $88,000 after purchasing an additional 705 shares in the last quarter. Gotham Asset Management LLC lifted its position in Ingram Micro by 1.0% during the fourth quarter. Gotham Asset Management LLC now owns 77,662 shares of the company's stock valued at $1,657,000 after purchasing an additional 732 shares during the last quarter. Covestor Ltd lifted its position in Ingram Micro by 15.4% during the fourth quarter. Covestor Ltd now owns 5,669 shares of the company's stock valued at $121,000 after purchasing an additional 756 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Ingram Micro by 6.3% in the 2nd quarter. Rhumbline Advisers now owns 13,646 shares of the company's stock worth $284,000 after buying an additional 803 shares in the last quarter.

Ingram Micro Trading Down 1.2%

INGM stock opened at $28.36 on Tuesday. The company has a market capitalization of $6.54 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 0.70 and a beta of 1.75. Ingram Micro Holding Corporation has a one year low of $18.77 and a one year high of $31.69. The company's 50 day moving average price is $28.31 and its two-hundred day moving average price is $26.68. 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 (NYSE:INGM - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.82 earnings per share (EPS) for the quarter, beating 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 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 predict that Ingram Micro Holding Corporation will post 3.37 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders 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. This represents a $0.34 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 11th. Ingram Micro's payout ratio is presently 18.58%.

Insider Activity

In related news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the completion of the sale, the insider directly owned 177,466,319 shares in the company, valued at $5,151,847,240.57. This represents a 2.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Augusto Aragone sold 10,000 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president owned 140,465 shares in the company, valued at approximately $4,213,950. The trade was a 6.65% 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 90 days, insiders have sold 5,227,069 shares of company stock valued at $151,765,013. Company insiders own 0.95% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Ingram Micro from an "underweight" rating to a "neutral" rating and set a $27.00 price objective on the stock in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Ingram Micro in a research report on Monday. They issued a "hold" rating and a $30.00 target price for the company. Zacks Research cut Ingram Micro from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. The Goldman Sachs Group restated a "neutral" rating and set a $33.00 price target on shares of Ingram Micro in a research report on Friday, July 31st. Finally, Weiss Ratings lowered Ingram Micro from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $30.88.

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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