Comerica Bank Increases Stake in Ingram Micro Holding Corporation $INGM

Key Points

• Comerica Bank boosted its stake in Ingram Micro by 1,566.3% in the fourth quarter, ending with 63,286 shares valued at about $1.35 million.
• Ingram Micro reported better-than-expected quarterly results, with EPS of $0.75 versus $0.70 expected and revenue of $13.96 billion, up 13.7% year over year.
• The company raised its quarterly dividend to $0.084 per share and authorized a $100 million share buyback, while analysts currently have an average rating of Hold with a $28.71 price target.

Comerica Bank increased its holdings in shares of Ingram Micro Holding Corporation (NYSE:INGM - Free Report) by 1,566.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,286 shares of the company's stock after acquiring an additional 59,488 shares during the period. Comerica Bank's holdings in Ingram Micro were worth $1,351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC grew its holdings in Ingram Micro by 20.5% in the fourth quarter. CWM LLC now owns 4,144 shares of the company's stock worth $88,000 after purchasing an additional 705 shares during the period. Synergy Asset Management LLC lifted its stake in shares of Ingram Micro by 14.0% in the fourth quarter. Synergy Asset Management LLC now owns 119,994 shares of the company's stock worth $2,561,000 after buying an additional 14,751 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Ingram Micro by 197.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 256,880 shares of the company's stock worth $5,520,000 after buying an additional 170,450 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Ingram Micro by 175.7% in the third quarter. Public Employees Retirement System of Ohio now owns 17,561 shares of the company's stock worth $377,000 after buying an additional 11,192 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Ingram Micro by 5.8% in the third quarter. Millennium Management LLC now owns 539,737 shares of the company's stock worth $11,599,000 after buying an additional 29,473 shares in the last quarter.

Analyst Ratings Changes

INGM has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their price objective on shares of Ingram Micro from $24.00 to $33.00 and gave the company an "outperform" rating in a research report on Tuesday, April 21st. Morgan Stanley increased their price objective on shares of Ingram Micro from $21.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 3rd. Weiss Ratings raised shares of Ingram Micro from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, April 29th. Zacks Research raised shares of Ingram Micro from a "strong sell" rating to a "hold" rating in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Ingram Micro from $24.00 to $26.00 and gave the company an "underweight" rating in a research note on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $28.71.

Ingram Micro Trading Up 1.5%

Shares of INGM opened at $27.28 on Friday. Ingram Micro Holding Corporation has a 1-year low of $18.09 and a 1-year high of $31.38. The company has a 50-day moving average of $25.30 and a 200 day moving average of $22.85. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 0.79 and a beta of 2.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.97.

Ingram Micro (NYSE:INGM - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.70 by $0.05. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The business had revenue of $13.96 billion during the quarter, compared to analyst estimates of $12.76 billion. The company's quarterly revenue was up 13.7% on a year-over-year basis. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. On average, research analysts expect that Ingram Micro Holding Corporation will post 3.25 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th will be paid a dividend of $0.084 per share. This is a boost from Ingram Micro's previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, May 12th. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. Ingram Micro's dividend payout ratio (DPR) is presently 21.85%.

Ingram Micro announced that its board has authorized a stock repurchase program on Monday, March 2nd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

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.

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.