Engineers Gate Manager LP Makes New Investment in Ingram Micro Holding Corporation $INGM

Key Points

• Engineers Gate Manager LP purchased 59,352 shares of Ingram Micro in the second quarter, valued at approximately $1.63 million. Other institutional investors, including Amundi and Susquehanna Fundamental Investments, also significantly increased their holdings.
• Analyst sentiment remains mixed, with four Buy ratings and six Hold ratings, producing an average rating of Hold and an average price target of $30.50. The stock opened at $26.08 and has a one-year range of $19.03 to $31.69.
• Ingram Micro exceeded quarterly expectations with EPS of $0.82 versus the $0.74 estimate and revenue of $14.53 billion. The company also raised its quarterly dividend to $0.086 per share, equivalent to a 1.3% annualized yield.

Engineers Gate Manager LP purchased a new stake in shares of Ingram Micro Holding Corporation (NYSE:INGM - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 59,352 shares of the company's stock, valued at approximately $1,628,000.

Several other large investors have also recently made changes to their positions in INGM. Integrated Wealth Concepts LLC purchased a new position in shares of Ingram Micro during the second quarter worth $38,000. Allworth Financial LP boosted its holdings in Ingram Micro by 72.9% during the 2nd quarter. Allworth Financial LP now owns 1,290 shares of the company's stock valued at $35,000 after acquiring an additional 544 shares during the period. Amundi grew its position in Ingram Micro by 453.0% in the 2nd quarter. Amundi now owns 395,709 shares of the company's stock valued at $10,854,000 after acquiring an additional 324,152 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its stake in Ingram Micro by 1,303.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 172,967 shares of the company's stock worth $4,744,000 after buying an additional 160,642 shares during the period. Finally, Susquehanna International Group LLP boosted its position in Ingram Micro by 61.5% in the 2nd quarter. Susquehanna International Group LLP now owns 21,639 shares of the company's stock valued at $594,000 after buying an additional 8,239 shares during the period.

Analyst Ratings Changes

INGM has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Ingram Micro in a report on Monday, August 31st. They set a "hold" rating and a $30.00 price target on the stock. Truist Financial boosted their price objective on Ingram Micro from $29.00 to $31.00 and gave the stock a "hold" rating in a research report on Tuesday, August 4th. Wall Street Zen lowered shares of Ingram Micro from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 16th. 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 report on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of Ingram Micro from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, September 8th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Ingram Micro currently has an average rating of "Hold" and an average target price of $30.50.

Ingram Micro Stock Down 0.9%

INGM opened at $26.08 on Thursday. The business's 50-day simple moving average is $28.40 and its 200-day simple moving average is $27.20. 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 one year low of $19.03 and a one year high of $31.69. The stock has a market capitalization of $6.02 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 0.68 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. The firm had revenue of $14.53 billion during the quarter, compared to analysts' expectations 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. Analysts anticipate that Ingram Micro Holding Corporation will post 3.37 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were issued a $0.086 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This is an increase from Ingram Micro's previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 1.3%. Ingram Micro's dividend payout ratio is currently 18.58%.

Ingram Micro Company 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.

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.