Ingram Micro (NYSE:INGM) Major Shareholder Sells 1,968,750 Shares

Key Points

• Major shareholder Platinum Equity sold 1,968,750 Ingram Micro shares at an average price of $27.19, generating approximately $53.5 million; it also sold 13.125 million shares earlier in September.
• Ingram Micro shares rose 4.3% to $27.24, while the company reported quarterly EPS of $0.82 and revenue of $14.53 billion, exceeding analyst expectations.
• Analysts maintain a consensus “Hold” rating with a $30.50 target price; the company also raised its quarterly dividend to $0.086 per share, implying a 1.3% yield.

Ingram Micro Holding Corporation (NYSE:INGM - Get Free Report) major shareholder Platinum Equity, Llc sold 1,968,750 shares of the business's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $27.19, for a total transaction of $53,530,312.50. Following the transaction, the insider owned 162,372,569 shares in the company, valued at $4,414,910,151.11. The trade was a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Platinum Equity, Llc also recently made the following trade(s):

• On Thursday, September 10th, Platinum Equity, Llc sold 13,125,000 shares of Ingram Micro stock. The stock was sold at an average price of $27.19, for a total value of $356,868,750.00.

Ingram Micro Trading Up 4.3%

NYSE INGM traded up $1.13 on Thursday, reaching $27.24. 2,300,068 shares of the company were exchanged, compared to its average volume of 1,269,794. 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 business's fifty day moving average price is $28.40 and its 200 day moving average price is $27.20. The stock has a market capitalization of $6.28 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 0.68 and a beta of 1.74. Ingram Micro Holding Corporation has a fifty-two week low of $19.03 and a fifty-two week high of $31.69.

Ingram Micro (NYSE:INGM - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. The business had revenue of $14.53 billion during the quarter, compared to the consensus estimate 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 forecast that Ingram Micro Holding Corporation will post 3.37 earnings per share for the current year.

Ingram Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were given a dividend of $0.086 per share. The ex-dividend date 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 yield of 1.3%. Ingram Micro's dividend payout ratio (DPR) is 18.58%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on INGM. Weiss Ratings raised shares of Ingram Micro from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, September 8th. The Goldman Sachs Group reissued a "neutral" rating and set a $33.00 target price on shares of Ingram Micro in a research note on Friday, July 31st. Morgan Stanley decreased their price target on Ingram Micro from $33.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on Ingram Micro in a research report on Monday, August 31st. They set a "hold" rating and a $30.00 price objective for the company. Finally, 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 research report on Wednesday, May 27th. Four 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 presently has a consensus rating of "Hold" and a consensus target price of $30.50.

Hedge Funds Weigh In On Ingram Micro

A number of hedge funds and other institutional investors have recently bought and sold shares of INGM. Tidal Investments LLC grew its position in Ingram Micro by 23.1% in the 2nd quarter. Tidal Investments LLC now owns 29,426 shares of the company's stock valued at $807,000 after acquiring an additional 5,522 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of Ingram Micro in the second quarter valued at approximately $1,628,000. Integrated Wealth Concepts LLC purchased a new stake in Ingram Micro during the 2nd quarter worth approximately $38,000. Allworth Financial LP lifted 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 worth $35,000 after buying an additional 544 shares in the last quarter. Finally, Amundi boosted 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 buying an additional 324,152 shares during the period.

About Ingram Micro

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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