Ingram Micro Holding Corporation (NYSE:INGM) Stock Has Average Price Target of $30.50 According to Brokerages

Ingram Micro Holding Corporation (NYSE:INGM) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $30.50.

Several equities analysts have recently commented on the stock. Zacks Research lowered shares of Ingram Micro from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Truist Financial boosted their target price on shares of Ingram Micro from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 4th. The Goldman Sachs Group restated a “neutral” rating and issued a $33.00 target price on shares of Ingram Micro in a research report on Friday, July 31st. Weiss Ratings lowered shares of Ingram Micro from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Morgan Stanley cut their price target on Ingram Micro from $33.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 16th.

Ingram Micro Trading Down 0.2%

Shares of NYSE INGM opened at $26.94 on Friday. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 0.69 and a beta of 1.74. Ingram Micro has a 12-month low of $19.03 and a 12-month high of $31.69. 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 stock’s 50 day simple moving average is $28.11 and its 200 day simple moving average is $27.38.

Ingram Micro (NYSE:INGM) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%.The business had revenue of $14.53 billion during the quarter, compared to analyst estimates of $13.85 billion. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities research analysts expect that Ingram Micro will post 3.4 EPS for the current year.

Ingram Micro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were given a $0.0860 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.34 dividend on an annualized basis and a yield of 1.3%. This is a boost from Ingram Micro’s previous quarterly dividend of $0.0840. Ingram Micro’s payout ratio is currently 18.58%.

Insider Activity at Ingram Micro

In other news, major shareholder Platinum Equity, Llc sold 1,968,750 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $27.19, for a total value of $53,530,312.50. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Platinum Equity Advisors LLC DE acquired a new stake in Ingram Micro in the second quarter worth approximately $4,867,901,130. Capital World Investors boosted its stake in Ingram Micro by 12.9% during the 4th quarter. Capital World Investors now owns 2,642,029 shares of the company’s stock valued at $56,381,000 after purchasing an additional 302,858 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Ingram Micro during the 2nd quarter valued at $35,663,000. River Road Asset Management LLC increased its position in shares of Ingram Micro by 87.0% during 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 purchasing an additional 620,147 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Ingram Micro by 2.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,013,601 shares of the company’s stock worth $24,580,000 after buying an additional 25,266 shares in the last quarter.

Ingram Micro Company Profile

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.