Augusto Aragone Sells 50,000 Shares of Ingram Micro (NYSE:INGM) Stock

Ingram Micro Holding Corporation (NYSE:INGM) VP Augusto Aragone sold 50,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the sale, the vice president directly owned 150,465 shares in the company, valued at approximately $4,408,624.50. This trade represents a 24.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $300,000.00.

Ingram Micro Stock Down 2.6%

Shares of INGM stock traded down $0.78 during trading on Tuesday, hitting $29.32. 2,789,053 shares of the company were exchanged, compared to its average volume of 1,186,808. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.31. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 0.87 and a beta of 1.79. The business’s 50-day simple moving average is $28.14 and its 200 day simple moving average is $24.07. Ingram Micro Holding Corporation has a twelve month low of $18.09 and a twelve month high of $31.69.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.75 EPS for the quarter, topping the consensus estimate 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 net margin of 0.66% and a return on equity of 17.19%. Ingram Micro’s quarterly revenue was up 13.7% on a year-over-year basis. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. As a group, analysts forecast that Ingram Micro Holding Corporation will post 3.27 EPS for the current fiscal year.

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

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. This represents a $0.34 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, May 12th. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s payout ratio is currently 22.52%.

Analyst Ratings Changes

Several brokerages have commented on INGM. JPMorgan Chase & Co. upgraded Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price target on the stock in a report on Wednesday, May 27th. Royal Bank Of Canada upped their target price on Ingram Micro from $24.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Zacks Research upgraded Ingram Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Raymond James Financial restated an “outperform” rating and issued a $34.00 target price on shares of Ingram Micro in a research note on Friday, May 1st. Finally, Wall Street Zen downgraded Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of Ingram Micro by 225.1% in the 1st quarter. Bank of America Corp DE now owns 1,038,331 shares of the company’s stock worth $24,203,000 after acquiring an additional 718,970 shares in the last quarter. Amundi acquired a new position in shares of Ingram Micro in the 1st quarter worth approximately $1,668,000. Readystate Asset Management LP acquired a new position in shares of Ingram Micro in the 1st quarter worth approximately $1,244,000. Royal Bank of Canada boosted its holdings in shares of Ingram Micro by 252.2% in the 1st 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 in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Ingram Micro by 11.0% in the 1st quarter. Quantinno Capital Management LP now owns 116,032 shares of the company’s stock worth $2,705,000 after acquiring an additional 11,519 shares in the last quarter.

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.