Deutsche Bank AG acquired a new stake in shares of Ingram Micro Holding Corporation (NYSE:INGM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 251,872 shares of the company's stock, valued at approximately $6,909,000. Deutsche Bank AG owned about 0.11% of Ingram Micro as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Royal Bank of Canada raised its position in Ingram Micro by 252.2% during the 1st 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. Comerica Bank increased its stake in shares of Ingram Micro by 2,844.2% during the third quarter. Comerica Bank now owns 3,798 shares of the company's stock worth $82,000 after acquiring an additional 3,669 shares during the period. CWM LLC increased its stake in shares of Ingram Micro by 20.5% during the fourth quarter. CWM LLC now owns 4,144 shares of the company's stock worth $88,000 after acquiring an additional 705 shares during the period. Wells Fargo & Company MN raised its holdings in Ingram Micro by 33.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,136 shares of the company's stock worth $88,000 after purchasing an additional 1,031 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Ingram Micro in the fourth quarter valued at about $94,000.
Ingram Micro Stock Up 1.1%
INGM stock opened at $27.80 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.31 and a quick ratio of 0.88. The company's 50 day simple moving average is $28.27 and its 200-day simple moving average is $26.42. Ingram Micro Holding Corporation has a 12 month low of $18.77 and a 12 month high of $31.69. The firm has a market capitalization of $6.41 billion, a PE ratio of 15.19, a P/E/G ratio of 0.67 and a beta of 1.75.
Ingram Micro (NYSE:INGM - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.82 earnings per share (EPS) 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 expect that Ingram Micro Holding Corporation will post 3.37 earnings per share for the current fiscal year.
Ingram Micro Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be issued a $0.086 dividend. This is a positive change from Ingram Micro's previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, August 11th. This represents a $0.34 dividend on an annualized basis and a yield of 1.2%. Ingram Micro's payout ratio is currently 18.58%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on INGM shares. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $33.00 price objective on shares of Ingram Micro in a report on Friday, July 31st. Weiss Ratings cut Ingram Micro from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday. Morgan Stanley lifted their price target 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. JPMorgan Chase & Co. raised 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, Wall Street Zen cut Ingram Micro from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 16th. Three equities 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, the stock has an average rating of "Hold" and a consensus price target of $31.00.
Read Our Latest Analysis on INGM
Insider Transactions at Ingram Micro
In other Ingram Micro news, VP Augusto Aragone sold 50,000 shares of the firm's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the sale, the vice president directly 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 document filed with the Securities & Exchange Commission, which is accessible through 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 Ingram Micro stock in a transaction dated 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 sale, the insider 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 5,227,069 shares of company stock worth $151,765,013. 0.95% of the stock is owned by insiders.
Ingram Micro Profile
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Free Report)
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.
Further Reading
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