Squarepoint Ops LLC Sells 74,409 Shares of Ingram Micro Holding Corporation $INGM

Key Points

• Squarepoint Ops LLC cut its Ingram Micro stake by 46.1% in the second quarter, selling 74,409 shares and retaining 86,891 shares valued at approximately $2.38 million.
• Ingram Micro reported quarterly earnings of $0.82 per share, beating estimates of $0.74, while revenue reached $14.53 billion versus the $13.85 billion consensus forecast. Shares were recently down 2.5% at $26.86.
• The company increased its quarterly dividend to $0.086 per share, equivalent to a 1.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $30.88.

Squarepoint Ops LLC lessened its holdings in Ingram Micro Holding Corporation (NYSE:INGM - Free Report) by 46.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,891 shares of the company's stock after selling 74,409 shares during the period. Squarepoint Ops LLC's holdings in Ingram Micro were worth $2,383,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Platinum Equity Advisors LLC DE acquired a new stake in Ingram Micro during the second quarter valued at approximately $4,867,901,130. Capital World Investors lifted its position in shares of Ingram Micro by 12.9% during the 4th quarter. Capital World Investors now owns 2,642,029 shares of the company's stock worth $56,381,000 after buying an additional 302,858 shares during the period. Lind Value II ApS boosted its stake in Ingram Micro by 10.1% in the 4th quarter. Lind Value II ApS now owns 2,419,546 shares of the company's stock valued at $51,633,000 after buying an additional 220,979 shares in the last quarter. BlackRock Inc. acquired a new stake in Ingram Micro in the 2nd quarter valued at $35,663,000. Finally, River Road Asset Management LLC grew its position in Ingram Micro by 87.0% in the fourth quarter. River Road Asset Management LLC now owns 1,332,690 shares of the company's stock valued at $28,440,000 after acquiring an additional 620,147 shares during the period.

Ingram Micro Stock Down 2.5%

Shares of NYSE INGM opened at $26.86 on Tuesday. Ingram Micro Holding Corporation has a 1 year low of $19.03 and a 1 year high of $31.69. The firm's 50-day moving average is $28.44 and its 200-day moving average is $27.12. The company has a current ratio of 1.31, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $6.19 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 0.72 and a beta of 1.74.

Ingram Micro (NYSE:INGM - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. The business 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 EPS for the current year.

Ingram Micro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were given a dividend of $0.086 per share. This represents a $0.34 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, August 11th. This is a positive change from Ingram Micro's previous quarterly dividend of $0.08. Ingram Micro's dividend payout ratio is presently 18.58%.

Analyst Ratings Changes

A number of research analysts have issued reports on INGM shares. The Goldman Sachs Group reissued a "neutral" rating and set a $33.00 price objective on shares of Ingram Micro in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft started coverage on shares of Ingram Micro in a report on Monday, August 31st. They issued a "hold" rating and a $30.00 target price on the stock. Weiss Ratings upgraded shares of Ingram Micro from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, September 8th. Zacks Research downgraded shares of Ingram Micro from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. upgraded shares of Ingram Micro from an "underweight" rating to a "neutral" rating and set a $27.00 price target on the stock in a research report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $30.88.

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.

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