Ingram Micro (NYSE:INGM) Shares Gap Down – Here’s What Happened

Ingram Micro Holding Corporation (NYSE:INGM)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $28.38, but opened at $26.74. Ingram Micro shares last traded at $26.6260, with a volume of 1,828,097 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on INGM. Wall Street Zen downgraded shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. Weiss Ratings upgraded shares of Ingram Micro from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. JPMorgan Chase & Co. upgraded shares of 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Ingram Micro in a report on Monday, August 31st. They issued a “hold” rating and a $30.00 target price on the stock. Finally, Truist Financial boosted their price target on shares of Ingram Micro from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Ingram Micro presently has an average rating of “Hold” and a consensus target price of $30.88.

Ingram Micro Price Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.31 and a quick ratio of 0.88. The company has a 50-day simple moving average of $28.39 and a 200-day simple moving average of $27.03. The stock has a market cap of $6.10 billion, a PE ratio of 14.44, a PEG ratio of 0.68 and a beta of 1.74.

Ingram Micro (NYSE:INGM) last issued its 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. The company had revenue of $14.53 billion for the quarter, compared to analyst estimates of $13.85 billion. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. Sell-side analysts anticipate 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 dividend of $0.086 per share. This is a boost from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 11th. Ingram Micro’s payout ratio is presently 18.58%.

Insider Transactions at Ingram Micro

In other news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $29.03, for a total value of $150,000,013.07. Following the transaction, the insider directly owned 177,466,319 shares in the company, valued at $5,151,847,240.57. This trade represents a 2.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Augusto Aragone sold 10,000 shares of the stock in a transaction 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 sale, the vice president owned 140,465 shares of the company’s stock, valued at approximately $4,213,950. This represents a 6.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.95% of the company’s stock.

Institutional Trading of Ingram Micro

Large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Ingram Micro by 252.2% during the first quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock worth $34,000 after purchasing an additional 1,054 shares in the last quarter. Allworth Financial LP acquired a new stake in Ingram Micro during the 2nd quarter valued at $35,000. Integrated Wealth Concepts LLC purchased a new stake in Ingram Micro during the 2nd quarter worth $38,000. Meeder Asset Management Inc. acquired a new position in Ingram Micro in the 2nd quarter worth $44,000. Finally, Comerica Bank lifted its holdings in Ingram Micro by 2,844.2% in the 3rd quarter. Comerica Bank now owns 3,798 shares of the company’s stock worth $82,000 after buying an additional 3,669 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.