Algert Global LLC Acquires Shares of 370,445 Ingram Micro Holding Corporation $INGM

Key Points

• Algert Global LLC acquired 370,445 Ingram Micro shares worth approximately $10.16 million, representing about 0.16% of the company.
• Analysts maintain a consensus “Hold” rating with a $31.00 price target, while INGM recently traded at $29.11 after rising 4.7%.
• Ingram Micro exceeded quarterly earnings and revenue estimates, reporting $0.82 EPS and $14.53 billion in revenue, and increased its quarterly dividend to $0.086 per share.

Algert Global LLC bought a new position in shares of Ingram Micro Holding Corporation (NYSE:INGM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 370,445 shares of the company's stock, valued at approximately $10,161,000. Algert Global LLC owned about 0.16% of Ingram Micro as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Hussman Strategic Advisors Inc. purchased a new position in Ingram Micro during the fourth quarter worth approximately $896,000. Comerica Bank increased its position in Ingram Micro by 1,566.3% during the fourth quarter. Comerica Bank now owns 63,286 shares of the company's stock worth $1,351,000 after purchasing an additional 59,488 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Ingram Micro during the first quarter worth about $3,907,000. Watershed Asset Management L.L.C. purchased a new position in Ingram Micro during the first quarter worth about $470,000. Finally, Sei Investments Co. boosted its holdings in Ingram Micro by 73.8% in the 1st quarter. Sei Investments Co. now owns 88,762 shares of the company's stock valued at $2,069,000 after purchasing an additional 37,680 shares during the last quarter.

Wall Street Analyst Weigh In

INGM has been the topic of several research analyst reports. Zacks Research lowered shares of Ingram Micro from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 19th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $33.00 target price on shares of Ingram Micro in a report on Friday, July 31st. Truist Financial lifted their price target on shares of Ingram Micro from $29.00 to $31.00 and gave the stock a "hold" rating in a research note on Tuesday, August 4th. Wall Street Zen cut Ingram Micro from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 16th. Finally, Morgan Stanley increased their target price on shares of Ingram Micro from $27.50 to $33.00 and gave the company an "equal weight" rating in a research report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $31.00.

Ingram Micro Trading Up 4.7%

NYSE:INGM opened at $29.11 on Wednesday. The firm has a market cap of $6.71 billion, a P/E ratio of 15.91, a PEG ratio of 0.68 and a beta of 1.75. The company has a current ratio of 1.31, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock's 50 day simple moving average is $28.27 and its 200-day simple moving average is $26.47. Ingram Micro Holding Corporation has a 12-month low of $18.77 and a 12-month 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 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 firm had revenue of $14.53 billion during 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. Equities analysts anticipate 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 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 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 11th. Ingram Micro's dividend payout ratio is currently 18.58%.

Insider Transactions at Ingram Micro

In other Ingram Micro news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the business's stock in a transaction that occurred on 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 transaction, the insider owned 177,466,319 shares in the company, valued at approximately $5,151,847,240.57. The trade was a 2.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Augusto Aragone sold 10,000 shares of the 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 directly owned 140,465 shares of the company's stock, valued at approximately $4,213,950. This trade represents a 6.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 5,227,069 shares of company stock valued at $151,765,013. 0.95% of the stock is owned by insiders.

Ingram Micro 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.

Want to see what other hedge funds are holding INGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingram Micro Holding Corporation (NYSE:INGM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source