Insider Selling: Ingram Micro (NYSE:INGM) Major Shareholder Sells $53,530,312.50 in Stock

Ingram Micro Holding Corporation (NYSE:INGM) 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 value of $53,530,312.50. Following the transaction, the insider directly owned 162,372,569 shares of the company’s stock, valued at approximately $4,414,910,151.11. This represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 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 transaction of $356,868,750.00.

Ingram Micro Stock Up 4.3%

NYSE:INGM traded up $1.13 during mid-day trading on Thursday, hitting $27.24. The stock had a trading volume of 2,300,068 shares, compared to its average volume of 1,269,794. Ingram Micro Holding Corporation has a twelve month low of $19.03 and a twelve month high of $31.69. The stock has a 50-day simple moving average of $28.40 and a two-hundred day simple moving average of $27.20. 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 company has a market capitalization of $6.28 billion, a PE ratio of 14.89, a PEG ratio of 0.68 and a beta of 1.74.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. 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. On average, equities research analysts anticipate that Ingram Micro Holding Corporation will post 3.37 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were paid 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 dividend on an annualized basis and a dividend yield of 1.3%. Ingram Micro’s payout ratio is presently 18.58%.

Institutional Investors Weigh In On Ingram Micro

A number of institutional investors and hedge funds have recently bought and sold shares of INGM. Allworth Financial LP grew its position in shares of Ingram Micro by 72.9% during the second 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. Covestor Ltd raised its position in Ingram Micro by 15.4% in the 4th 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 last quarter. Royal Bank of Canada raised its position in Ingram Micro by 252.2% in the 1st quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock valued at $34,000 after purchasing an additional 1,054 shares during the last quarter. Pullen Investment Management LLC boosted its stake in Ingram Micro by 1.2% during the 1st quarter. Pullen Investment Management LLC now owns 109,121 shares of the company’s stock worth $2,544,000 after purchasing an additional 1,338 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in Ingram Micro during the 2nd quarter worth $38,000.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on INGM shares. The Goldman Sachs Group restated a “neutral” rating and issued a $33.00 price target on shares of Ingram Micro in a research note on Friday, July 31st. Weiss Ratings upgraded Ingram Micro from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 8th. Morgan Stanley cut their target price on Ingram Micro from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. upgraded Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 target price for the company in a research note on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Ingram Micro in a report on Monday, August 31st. They issued a “hold” rating and a $30.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.50.

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.