Bank of New York Mellon Corp Purchases New Position in Ingram Micro Holding Corporation $INGM

Key Points

• Bank of New York Mellon acquired 225,788 Ingram Micro shares worth approximately $6.2 million, giving it a 0.10% stake. Other institutional investors also increased their positions.
• Ingram Micro exceeded quarterly expectations, reporting $0.82 in EPS versus the $0.74 consensus and $14.53 billion in revenue versus $13.85 billion expected. The company also raised its quarterly dividend to $0.086 per share, yielding about 1.2% annually.
• Analysts maintain a consensus “Hold” rating with an average price target of $30.88, while insiders sold roughly $151.8 million of shares over the past three months.

Bank of New York Mellon Corp acquired a new stake in Ingram Micro Holding Corporation (NYSE:INGM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 225,788 shares of the company's stock, valued at approximately $6,193,000. Bank of New York Mellon Corp owned 0.10% of Ingram Micro at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Balyasny Asset Management L.P. boosted its holdings in Ingram Micro by 1.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 48,618 shares of the company's stock worth $1,038,000 after acquiring an additional 658 shares during the period. CWM LLC boosted its stake in shares of 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 during the period. Gotham Asset Management LLC boosted its stake in shares of Ingram Micro by 1.0% in 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 period. Covestor Ltd grew its holdings in Ingram Micro by 15.4% during the 4th quarter. Covestor Ltd now owns 5,669 shares of the company's stock valued at $121,000 after purchasing an additional 756 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Ingram Micro by 6.3% during the 2nd quarter. Rhumbline Advisers now owns 13,646 shares of the company's stock worth $284,000 after buying an additional 803 shares during the period.

Ingram Micro Stock Up 0.9%

INGM stock opened at $28.82 on Friday. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.74 and a beta of 1.74. Ingram Micro Holding Corporation has a 1-year low of $19.03 and a 1-year high of $31.69. The firm has a fifty day moving average price of $28.34 and a two-hundred day moving average price of $26.82. 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 posted its quarterly earnings results on Thursday, July 30th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $14.53 billion during the quarter, compared to analyst estimates of $13.85 billion. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. Research analysts predict 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 was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.086 per share. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. This is a boost from Ingram Micro's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, August 11th. Ingram Micro's dividend payout ratio is currently 18.58%.

Analyst Upgrades and Downgrades

INGM has been the topic of a number of recent analyst reports. Truist Financial boosted their price objective on shares of Ingram Micro from $29.00 to $31.00 and gave the stock a "hold" rating in a report on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $33.00 target price on shares of Ingram Micro in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft initiated coverage on Ingram Micro in a research note on Monday. They issued a "hold" rating and a $30.00 price target on the stock. Weiss Ratings downgraded Ingram Micro from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Finally, Morgan Stanley raised their price objective on Ingram Micro from $27.50 to $33.00 and gave the company an "equal weight" rating in a research note on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $30.88.

Insider Activity at Ingram Micro

In other Ingram Micro news, VP Augusto Aragone sold 10,000 shares of the stock in a transaction 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 sale, the vice president directly owned 140,465 shares of the company's stock, valued at $4,213,950. This trade represents a 6.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the transaction, the insider directly owned 177,466,319 shares of the company's stock, valued at approximately $5,151,847,240.57. This trade represents a 2.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 5,227,069 shares of company stock worth $151,765,013. Company insiders own 0.95% of the company's stock.

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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