Amundi Increases Holdings in Ingram Micro Holding Corporation $INGM

Key Points

• Amundi increased its Ingram Micro stake by 453% in the second quarter, bringing its holdings to 395,709 shares worth approximately $10.9 million. Several other institutional investors also established or expanded positions.
• Ingram Micro reported quarterly EPS of $0.82, exceeding the $0.74 consensus estimate, while revenue reached $14.53 billion versus expectations of $13.85 billion. The company issued third-quarter EPS guidance of $0.72–$0.82.
• The company raised its quarterly dividend to $0.086 per share, equivalent to an annualized $0.34 dividend and a 1.3% yield. Despite mixed analyst revisions, INGM carries an overall “Hold” rating with an average price target of $30.88.

Amundi boosted its stake in shares of Ingram Micro Holding Corporation (NYSE:INGM - Free Report) by 453.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 395,709 shares of the company's stock after buying an additional 324,152 shares during the period. Amundi owned 0.17% of Ingram Micro worth $10,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Platinum Equity Advisors LLC DE acquired a new stake in Ingram Micro during the second quarter worth about $4,867,901,130. Pacer Advisors Inc. purchased a new stake in shares of Ingram Micro in the 1st quarter valued at approximately $3,907,000. Watershed Asset Management L.L.C. acquired a new stake in shares of Ingram Micro during the 1st quarter worth approximately $470,000. Sei Investments Co. raised its position in shares of Ingram Micro by 73.8% during the 1st quarter. Sei Investments Co. now owns 88,762 shares of the company's stock valued at $2,069,000 after buying an additional 37,680 shares during the period. Finally, Monashee Investment Management LLC acquired a new position in Ingram Micro in the first quarter valued at approximately $2,331,000.

Ingram Micro Stock Up 4.1%

Shares of INGM opened at $27.45 on Friday. The company's 50-day simple moving average is $28.43 and its 200-day simple moving average is $27.03. 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 Holding Corporation has a 1 year low of $19.03 and a 1 year high of $31.69. The stock has a market capitalization of $6.33 billion, a PE ratio of 15.00, a P/E/G ratio of 0.69 and a beta of 1.74.

Ingram Micro (NYSE:INGM - Get Free Report) last announced its 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 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. Analysts forecast that Ingram Micro Holding Corporation will post 3.37 earnings per share for the current fiscal 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 issued a $0.086 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 1.3%. This is a boost from Ingram Micro's previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, August 11th. Ingram Micro's dividend payout ratio (DPR) is 18.58%.

Analyst Ratings Changes

INGM has been the subject of several recent analyst reports. Wall Street Zen cut Ingram Micro from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 16th. Weiss Ratings upgraded Ingram Micro from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on Ingram Micro in a research report on Monday, August 31st. They set a "hold" rating and a $30.00 price objective for the company. Truist Financial boosted their price objective on shares of Ingram Micro from $29.00 to $31.00 and gave the company a "hold" rating in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. raised shares of Ingram Micro from an "underweight" rating to a "neutral" rating and set a $27.00 target price on the stock in a research report on Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $30.88.

Insider Buying and Selling at Ingram Micro

In related news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the business's stock in a transaction 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 completion of the transaction, the insider directly owned 177,466,319 shares of the company's stock, valued at $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 available through this hyperlink. Also, VP Augusto Aragone sold 10,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. Following the completion of the sale, the vice president directly owned 140,465 shares in the company, valued at $4,213,950. This represents a 6.65% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.95% of the company's stock.

Ingram Micro 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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