Ingram Micro Holding Corporation (NYSE:INGM) Receives $25.79 Average PT from Analysts

Key Points

• Ingram Micro Holding Corporation has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of $25.79.
• The company recently announced an increase in its quarterly dividend to $0.078, representing an annualized dividend of $0.31 and a yield of 1.5%.
• Ingram Micro's stock opened at $21.04, reflecting a 0.7% decline, with a recent market cap of $4.94 billion.

Ingram Micro Holding Corporation (NYSE:INGM - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen ratings firms that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $25.7857.

INGM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Ingram Micro from $21.00 to $24.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Zacks Research raised Ingram Micro from a "strong sell" rating to a "hold" rating in a report on Friday, August 22nd. Raymond James Financial cut their price target on Ingram Micro from $26.00 to $24.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Morgan Stanley downgraded Ingram Micro from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $23.00 to $22.00 in a report on Wednesday, June 11th. Finally, Wall Street Zen raised Ingram Micro from a "hold" rating to a "buy" rating in a report on Friday, September 5th.

Institutional Trading of Ingram Micro

Several hedge funds have recently made changes to their positions in INGM. Rhumbline Advisers increased its position in Ingram Micro by 6.3% in the 2nd quarter. Rhumbline Advisers now owns 13,646 shares of the company's stock valued at $284,000 after acquiring an additional 803 shares during the period. Public Employees Retirement System of Ohio increased its position in Ingram Micro by 16.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,369 shares of the company's stock valued at $133,000 after acquiring an additional 917 shares during the period. California State Teachers Retirement System acquired a new stake in Ingram Micro in the 4th quarter valued at approximately $26,000. CWM LLC acquired a new stake in Ingram Micro in the 1st quarter valued at approximately $26,000. Finally, GAMMA Investing LLC increased its position in Ingram Micro by 5,873.5% in the 1st quarter. GAMMA Investing LLC now owns 4,062 shares of the company's stock valued at $720,000 after acquiring an additional 3,994 shares during the period.

Ingram Micro Stock Performance

NYSE:INGM traded up $0.47 during trading hours on Friday, reaching $21.27. 229,844 shares of the stock were exchanged, compared to its average volume of 223,316. The company has a quick ratio of 0.93, a current ratio of 1.39 and a debt-to-equity ratio of 0.75. The firm has a 50 day simple moving average of $20.07 and a 200-day simple moving average of $19.29. Ingram Micro has a 52 week low of $14.25 and a 52 week high of $25.69. The stock has a market capitalization of $5.00 billion and a P/E ratio of 18.34.

Ingram Micro (NYSE:INGM - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. Ingram Micro had a return on equity of 17.33% and a net margin of 0.53%.The company had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $11.99 billion. As a group, sell-side analysts forecast that Ingram Micro will post 2.71 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a $0.078 dividend. This is a positive change from Ingram Micro's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.31 annualized dividend and a dividend yield of 1.5%. Ingram Micro's dividend payout ratio (DPR) is 26.72%.

Ingram Micro Company Profile

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world's leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.