Insider Selling: Ingram Micro (NYSE:INGM) VP Sells $1,465,000.00 in Stock

Ingram Micro Holding Corporation (NYSE:INGM) VP Augusto Aragone sold 50,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the transaction, the vice president directly owned 150,465 shares of the company’s stock, valued at $4,408,624.50. The trade was a 24.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Augusto Aragone also recently made the following trade(s):

• On Monday, June 15th, Augusto Aragone sold 10,000 shares of Ingram Micro stock. The shares were sold at an average price of $30.00, for a total value of $300,000.00.

Ingram Micro Stock Down 1.0%

NYSE:INGM opened at $28.20 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average is $28.35 and its two-hundred day moving average is $24.22. Ingram Micro Holding Corporation has a 52 week low of $18.09 and a 52 week high of $31.69. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 0.83 and a beta of 1.78.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $13.96 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The firm’s revenue was up 13.7% compared to the same quarter last year. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. Research analysts anticipate that Ingram Micro Holding Corporation will post 3.27 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were given a $0.084 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.34 annualized dividend and a yield of 1.2%. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s dividend payout ratio is presently 22.52%.

Ingram Micro declared that its board has authorized a stock repurchase plan on Monday, March 2nd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

INGM has been the subject of several recent research reports. Zacks Research raised shares of Ingram Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Royal Bank Of Canada increased their target price 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. William Blair reissued an “outperform” rating on shares of Ingram Micro in a research report 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 research note on Friday, May 1st. Finally, Wall Street Zen lowered Ingram Micro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.86.

Institutional Trading of Ingram Micro

A number of large investors have recently made changes to their positions in INGM. Royal Bank of Canada lifted its stake in Ingram Micro by 252.2% in the first quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock worth $34,000 after acquiring an additional 1,054 shares during the last quarter. Comerica Bank increased its position in shares of Ingram Micro by 2,844.2% in the 3rd quarter. Comerica Bank now owns 3,798 shares of the company’s stock valued at $82,000 after purchasing an additional 3,669 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Ingram Micro by 33.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock valued at $88,000 after purchasing an additional 1,031 shares during the last quarter. CWM LLC raised its holdings in shares of Ingram Micro by 20.5% in the 4th quarter. CWM LLC now owns 4,144 shares of the company’s stock valued at $88,000 after purchasing an additional 705 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Ingram Micro during the 4th quarter worth $94,000.

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.