Monashee Investment Management LLC Takes Position in Ingram Micro Holding Corporation $INGM

Monashee Investment Management LLC acquired a new position in shares of Ingram Micro Holding Corporation (NYSE:INGM) during the 1st quarter, Holdings Channel reports. The firm acquired 100,000 shares of the company’s stock, valued at approximately $2,331,000. Ingram Micro makes up 1.3% of Monashee Investment Management LLC’s holdings, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INGM. Comerica Bank raised its stake in Ingram Micro by 2,844.2% in the third quarter. Comerica Bank now owns 3,798 shares of the company’s stock valued at $82,000 after purchasing an additional 3,669 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Ingram Micro by 33.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock valued at $88,000 after buying an additional 1,031 shares during the period. CWM LLC increased its position in 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 acquiring an additional 705 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Ingram Micro during the 4th quarter worth $94,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Ingram Micro during the third quarter worth about $110,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Evercore set a $26.00 target price on shares of Ingram Micro in a report on Monday, April 20th. JPMorgan Chase & Co. raised shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price target for the company in a research report on Wednesday, May 27th. Truist Financial boosted their price objective on Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Wall Street Zen downgraded shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Royal Bank Of Canada lifted their price target on Ingram Micro from $24.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.29.

Insider Activity

In other Ingram Micro news, VP Augusto Aragone sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the vice president owned 150,465 shares in the company, valued at $4,408,624.50. This trade represents a 24.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were 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 approximately $5,151,847,240.57. This represents a 2.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,227,069 shares of company stock valued at $151,765,013 in the last three months. 0.95% of the stock is owned by insiders.

Ingram Micro Trading Up 1.7%

Shares of INGM stock opened at $29.96 on Thursday. The company’s fifty day simple moving average is $28.06 and its two-hundred day simple moving average is $25.23. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 0.85 and a beta of 1.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.93. Ingram Micro Holding Corporation has a 1 year low of $18.09 and a 1 year high of $31.69.

Ingram Micro (NYSE:INGM) last posted its earnings results 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. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The business had revenue of $13.96 billion during the quarter, compared to analyst estimates of $12.76 billion. The company’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. As a group, analysts anticipate that Ingram Micro Holding Corporation will post 3.29 earnings per share for the current year.

Ingram Micro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were given a dividend of $0.084 per share. The ex-dividend date was Tuesday, May 12th. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 1.1%. Ingram Micro’s dividend payout ratio (DPR) is presently 22.52%.

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.