Ingram Micro (NYSE:INGM) Sees Strong Trading Volume - Time to Buy?

Key Points

• Unusually-high trading volume: 2,454,539 shares traded (up 144% from prior session) while the stock fell about 5.7%, last quoted at $26.53 versus a $28.47 close.
• Quarterly results beat expectations: Q1 EPS $0.75 vs. $0.70 consensus and revenue $13.96B (up 13.7% YoY), with Q2 guidance set at $0.68–$0.78 EPS.
• Shareholder returns and analyst view: quarterly dividend raised to $0.084 ($0.34 annualized, 1.3% yield) and a $100 million buyback authorized, while analysts hold a consensus Hold rating with an average target of $28.71.

Ingram Micro Holding Corporation (NYSE:INGM - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 2,454,539 shares were traded during trading, an increase of 144% from the previous session's volume of 1,006,938 shares.The stock last traded at $26.5250 and had previously closed at $28.47.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Evercore set a $26.00 price objective on Ingram Micro in a research report on Monday, April 20th. William Blair reissued an "outperform" rating on shares of Ingram Micro in a research note on Tuesday, March 3rd. Raymond James Financial restated an "outperform" rating and issued a $34.00 price target on shares of Ingram Micro in a report on Friday, May 1st. Royal Bank Of Canada increased their price objective on shares of Ingram Micro from $24.00 to $33.00 and gave the stock an "outperform" rating in a report on Tuesday, April 21st. Finally, Truist Financial raised their target price on shares of Ingram Micro from $25.00 to $29.00 and gave the stock a "hold" rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $28.71.

Ingram Micro Stock Down 5.7%

The firm has a market capitalization of $6.22 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 0.83 and a beta of 2.00. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average of $25.04 and a two-hundred day moving average of $22.78.

Ingram Micro (NYSE:INGM - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. The firm had revenue of $13.96 billion during the quarter, compared to the consensus estimate of $12.76 billion. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The business's revenue for the quarter was up 13.7% on a year-over-year basis. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. On average, equities research analysts forecast that Ingram Micro Holding Corporation will post 3.23 EPS for the current year.

Ingram Micro Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th will be given a dividend of $0.084 per share. This is a boost from Ingram Micro's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.34 dividend on an annualized basis and a yield of 1.3%. Ingram Micro's dividend payout ratio is currently 21.85%.

Ingram Micro declared that its board has approved a stock buyback plan on Monday, March 2nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Institutional Investors Weigh In On Ingram Micro

Several large investors have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its holdings in shares of Ingram Micro by 27.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company's stock valued at $66,719,000 after acquiring an additional 673,840 shares in the last quarter. River Road Asset Management LLC increased its holdings in Ingram Micro by 87.0% in the 4th quarter. River Road Asset Management LLC now owns 1,332,690 shares of the company's stock valued at $28,440,000 after purchasing an additional 620,147 shares in the last quarter. Wellington Management Group LLP increased its holdings in Ingram Micro by 26.4% in the 4th quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company's stock valued at $56,834,000 after purchasing an additional 556,931 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Ingram Micro by 157.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 789,266 shares of the company's stock valued at $16,843,000 after purchasing an additional 482,723 shares during the period. Finally, Norges Bank acquired a new position in shares of Ingram Micro during the fourth quarter worth about $8,536,000.

About Ingram Micro

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.