Ingram Micro Holding Corporation (NYSE:INGM) Receives $30.29 Consensus PT from Analysts

Ingram Micro Holding Corporation (NYSE:INGM) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $30.2857.

A number of equities analysts have recently weighed in on INGM shares. Evercore set a $26.00 price target on shares of Ingram Micro in a research report on Monday, April 20th. JPMorgan Chase & Co. upgraded shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price objective for the company in a research report on Wednesday, May 27th. Truist Financial raised their price objective on Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings raised Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group increased their price target on Ingram Micro from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd.

Insider Buying and Selling

In other news, VP Augusto Aragone sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. Following the completion of the transaction, the vice president owned 140,465 shares in the company, valued at $4,213,950. This represents a 6.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 on Monday, June 15th. The stock was sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the sale, the insider directly owned 177,466,319 shares of the company’s stock, valued at $5,151,847,240.57. This represents a 2.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 5,227,069 shares of company stock valued at $151,765,013. 0.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ingram Micro

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its stake in shares of Ingram Micro by 27.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company’s stock valued at $66,719,000 after purchasing an additional 673,840 shares during the period. Wellington Management Group LLP grew its holdings in shares of Ingram Micro by 26.4% during the fourth quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company’s stock worth $56,834,000 after buying an additional 556,931 shares in the last quarter. Capital World Investors grew its holdings in shares of Ingram Micro by 12.9% during the fourth quarter. Capital World Investors now owns 2,642,029 shares of the company’s stock worth $56,381,000 after buying an additional 302,858 shares in the last quarter. Lind Value II ApS raised its position in Ingram Micro by 10.1% in the 4th quarter. Lind Value II ApS now owns 2,419,546 shares of the company’s stock valued at $51,633,000 after buying an additional 220,979 shares during the last quarter. Finally, River Road Asset Management LLC lifted its stake 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 acquiring an additional 620,147 shares in the last quarter.

Ingram Micro Price Performance

Shares of INGM opened at $29.42 on Friday. The stock has a market cap of $6.82 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 0.84 and a beta of 1.78. Ingram Micro has a 1 year low of $18.09 and a 1 year high of $31.69. The stock’s 50-day moving average price is $27.79 and its two-hundred day moving average price is $24.93. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The company had revenue of $13.96 billion during the quarter, compared to analysts’ expectations of $12.76 billion. The firm’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 analysts predict that Ingram Micro will post 3.28 earnings per share for the current year.

Ingram Micro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were given a $0.084 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.34 annualized dividend and a dividend yield of 1.1%. This is a boost from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s payout ratio is presently 22.52%.

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.