Wellington Management Group LLP Sells 160,983 Shares of Ingram Micro Holding Corporation $INGM

Key Points

• Wellington Management reduced its Ingram Micro stake by 12.6%, selling 160,983 shares and retaining 1.12 million shares valued at approximately $30.6 million.
• Analyst sentiment remains cautious: Ingram Micro has a consensus “Hold” rating from MarketBeat, with an average price target of $30.88.
• Ingram Micro exceeded quarterly expectations, reporting $0.82 EPS and $14.53 billion in revenue, and raised its quarterly dividend to $0.086 per share. Insiders also sold more than 5.2 million shares worth roughly $151.8 million during the quarter.

Wellington Management Group LLP reduced its stake in Ingram Micro Holding Corporation (NYSE:INGM - Free Report) by 12.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,117,203 shares of the company's stock after selling 160,983 shares during the period. Wellington Management Group LLP owned 0.48% of Ingram Micro worth $30,645,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Balyasny Asset Management L.P. lifted its stake in Ingram Micro by 1.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 48,618 shares of the company's stock valued at $1,038,000 after buying an additional 658 shares during the period. CWM LLC increased its stake in shares of Ingram Micro by 20.5% in the 4th quarter. CWM LLC now owns 4,144 shares of the company's stock valued at $88,000 after acquiring an additional 705 shares during the last quarter. Gotham Asset Management LLC increased its stake in shares of Ingram Micro by 1.0% in the 4th quarter. Gotham Asset Management LLC now owns 77,662 shares of the company's stock valued at $1,657,000 after acquiring an additional 732 shares during the last quarter. Covestor Ltd raised its position in shares of Ingram Micro by 15.4% in the 4th quarter. Covestor Ltd now owns 5,669 shares of the company's stock valued at $121,000 after acquiring an additional 756 shares during the period. Finally, Rhumbline Advisers boosted 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 acquiring an additional 803 shares during the last quarter.

Wall Street Analysts Forecast Growth

INGM has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of 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 shares of Ingram Micro from an "underweight" rating to a "neutral" rating and set a $27.00 price target for the company in a report on Wednesday, May 27th. Weiss Ratings cut shares of Ingram Micro from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Ingram Micro in a research note on Monday. They set a "hold" rating and a $30.00 price objective on the stock. Finally, Zacks Research cut Ingram Micro from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Ingram Micro currently has a consensus rating of "Hold" and an average target price of $30.88.

Insider Transactions at Ingram Micro

In other Ingram Micro news, VP Augusto Aragone sold 50,000 shares of Ingram Micro stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $29.30, for a total value of $1,465,000.00. Following the sale, the vice president 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 SEC, which is available through the SEC website. 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 dated Monday, June 15th. The shares were sold at an average price of $29.03, for a total value of $150,000,013.07. Following the completion of the sale, the insider owned 177,466,319 shares in the company, 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. In the last quarter, insiders have sold 5,227,069 shares of company stock valued at $151,765,013. Corporate insiders own 0.95% of the company's stock.

Ingram Micro Stock Performance

Shares of INGM opened at $28.82 on Friday. 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 twelve month low of $19.03 and a twelve month high of $31.69. The firm's 50 day moving average price is $28.34 and its two-hundred day moving average price is $26.82. The firm has a market cap of $6.65 billion, a P/E ratio of 15.75, a PEG ratio of 0.74 and a beta of 1.74.

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 net margin of 0.77% and a return on equity of 18.07%. The company 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. On average, analysts forecast that Ingram Micro Holding Corporation will post 3.37 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.086 per share. This is a boost from Ingram Micro's previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, August 11th. This represents a $0.34 dividend on an annualized basis and a yield of 1.2%. Ingram Micro's dividend payout ratio is currently 18.58%.

Ingram Micro Company 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.