Ingram Micro (NYSE:INGM) Sees Strong Trading Volume - Here's Why

Key Points

• Ingram Micro shares saw unusually strong trading volume, with 1.70 million shares changing hands—40% above the prior session—and the stock rising to $27.32 from $26.37.
• Analyst sentiment remains mixed, with a consensus “Hold” rating from 10 analysts and an average price target of $30.88. Recent targets range from $27 to $33.
• The company beat quarterly expectations, reporting $0.82 EPS versus the $0.74 consensus and revenue of $14.53 billion versus $13.85 billion expected; it also raised its quarterly dividend to $0.086 per share.

Ingram Micro Holding Corporation (NYSE:INGM - Get Free Report) saw unusually-strong trading volume on Friday . 1,702,977 shares were traded during mid-day trading, an increase of 40% from the previous session's volume of 1,220,728 shares.The stock last traded at $27.32 and had previously closed at $26.37.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on INGM shares. Morgan Stanley raised their target price on Ingram Micro from $27.50 to $33.00 and gave the company an "equal weight" rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. raised Ingram Micro from an "underweight" rating to a "neutral" rating and set a $27.00 price objective for the company in a research note on Wednesday, May 27th. Zacks Research lowered Ingram Micro from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ingram Micro in a report on Monday, August 31st. They set a "hold" rating and a $30.00 target price for the company. Finally, Weiss Ratings upgraded shares of Ingram Micro from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Ingram Micro has a consensus rating of "Hold" and an average price target of $30.88.

Ingram Micro Stock Performance

The stock has a 50-day moving average of $28.39 and a 200 day moving average of $27.03. The stock has a market cap of $6.31 billion, a PE ratio of 14.95, a P/E/G ratio of 0.68 and a beta of 1.74. The company has a quick ratio of 0.88, a current ratio of 1.31 and a debt-to-equity ratio of 0.60.

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, beating the consensus estimate of $0.74 by $0.08. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%.The company had revenue of $14.53 billion during the quarter, compared to analysts' expectations of $13.85 billion. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities analysts predict that Ingram Micro Holding Corporation will post 3.37 EPS for the current fiscal 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 issued a $0.086 dividend. This is an increase from Ingram Micro's previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 11th. Ingram Micro's payout ratio is currently 18.58%.

Insider Activity

In other Ingram Micro news, VP Augusto Aragone sold 10,000 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. Following the transaction, the vice president directly owned 140,465 shares in the company, valued at $4,213,950. The trade was a 6.65% 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 stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the completion of the sale, the insider directly owned 177,466,319 shares of the company's stock, valued at approximately $5,151,847,240.57. This trade represents a 2.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in INGM. Allworth Financial LP lifted its holdings in shares of Ingram Micro by 72.9% in the 2nd quarter. Allworth Financial LP now owns 1,290 shares of the company's stock worth $35,000 after acquiring an additional 544 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Ingram Micro by 1.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 48,618 shares of the company's stock valued at $1,038,000 after purchasing an additional 658 shares during the last quarter. Gotham Asset Management LLC increased its holdings in 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 purchasing an additional 732 shares during the last quarter. Covestor Ltd raised its position in Ingram Micro by 15.4% in the fourth quarter. Covestor Ltd now owns 5,669 shares of the company's stock valued at $121,000 after purchasing an additional 756 shares during the period. Finally, Rhumbline Advisers lifted its stake in Ingram Micro by 6.3% during the second quarter. Rhumbline Advisers now owns 13,646 shares of the company's stock worth $284,000 after purchasing an additional 803 shares in the last quarter.

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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