Amundi Buys Shares of 71,557 Ingram Micro Holding Corporation $INGM

Key Points

• Amundi acquired 71,557 Ingram Micro shares worth approximately $1.67 million in the first quarter, while several other institutional investors also initiated or increased positions.
• Ingram Micro exceeded quarterly expectations, reporting $0.82 adjusted EPS versus $0.74 expected and $14.53 billion in revenue versus $13.85 billion forecast. Analysts hold a “Moderate Buy” consensus rating with an average $31 price target.
• The company raised its quarterly dividend to $0.086 per share, equivalent to a $0.34 annualized payout and a 1.2% yield. However, insiders sold roughly 5.23 million shares worth $151.8 million over the past 90 days.

Amundi acquired a new position in shares of Ingram Micro Holding Corporation (NYSE:INGM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 71,557 shares of the company's stock, valued at approximately $1,668,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Readystate Asset Management LP bought a new stake in shares of Ingram Micro during the first quarter worth $1,244,000. Royal Bank of Canada increased its position in Ingram Micro by 252.2% in the first quarter. Royal Bank of Canada now owns 1,472 shares of the company's stock worth $34,000 after buying an additional 1,054 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Ingram Micro by 11.0% in the first quarter. Quantinno Capital Management LP now owns 116,032 shares of the company's stock worth $2,705,000 after acquiring an additional 11,519 shares during the period. Gabelli Funds LLC purchased a new stake in shares of Ingram Micro in the first quarter worth $2,913,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Ingram Micro during the first quarter valued at about $473,000.

Insider Buying and Selling

In other Ingram Micro news, VP Augusto Aragone sold 50,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the transaction, the vice president owned 150,465 shares of the company's stock, valued at $4,408,624.50. This trade represents a 24.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Platinum Equity, Llc sold 5,167,069 shares of Ingram Micro stock in a transaction that occurred on 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 transaction, 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 disclosure for this sale is available in the SEC filing. 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 company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Raymond James Financial restated an "outperform" rating and issued a $34.00 price objective on shares of Ingram Micro in a report on Friday, May 1st. Evercore set a $26.00 price target on shares of Ingram Micro in a research note on Monday, April 20th. Royal Bank Of Canada upped their price objective on Ingram Micro from $24.00 to $33.00 and gave the company an "outperform" rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised shares of Ingram Micro from an "underweight" rating to a "neutral" rating and set a $27.00 price objective on the stock in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $33.00 price objective on shares of Ingram Micro in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $31.00.

Ingram Micro Stock Performance

NYSE:INGM opened at $28.38 on Friday. Ingram Micro Holding Corporation has a 1-year low of $18.66 and a 1-year high of $31.69. The firm has a 50 day simple moving average of $28.72 and a 200-day simple moving average of $25.87. The firm has a market cap of $6.55 billion, a PE ratio of 15.51, a P/E/G ratio of 0.70 and a beta of 1.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.31 and a quick ratio of 0.88.

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, beating the consensus estimate of $0.74 by $0.08. The company had revenue of $14.53 billion during the quarter, compared to the consensus estimate of $13.85 billion. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%.Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, equities analysts expect that Ingram Micro Holding Corporation will post 3.37 EPS for the current year.

Ingram Micro Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th will be given a $0.086 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This is a positive change from Ingram Micro's previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. Ingram Micro's dividend payout ratio (DPR) is currently 18.58%.

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.

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