Insider Selling: Ingram Micro (NYSE:INGM) VP Sells 10,000 Shares of Stock

Ingram Micro Holding Corporation (NYSE:INGM) VP Augusto Aragone sold 10,000 shares of Ingram Micro stock in a transaction on Monday, June 15th. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the completion of the transaction, the vice president owned 140,465 shares in the company, valued at approximately $4,213,950. This represents a 6.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 Friday, June 12th, Augusto Aragone sold 50,000 shares of Ingram Micro stock. The stock was sold at an average price of $29.30, for a total value of $1,465,000.00.

Ingram Micro Stock Performance

Shares of NYSE INGM traded down $0.78 during mid-day 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 quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.61. The stock has a 50 day simple moving average of $28.14 and a 200-day simple moving average of $24.07. Ingram Micro Holding Corporation has a 1-year low of $18.09 and a 1-year high of $31.69. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 0.87 and a beta of 1.79.

Ingram Micro (NYSE:INGM) last released its earnings results on Thursday, April 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.05. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The company had revenue of $13.96 billion for the quarter, compared to analysts’ expectations of $12.76 billion. The business’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. On average, sell-side analysts forecast that Ingram Micro Holding Corporation will post 3.27 EPS for the current fiscal year.

Ingram Micro Increases Dividend

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

Ingram Micro announced that its Board of Directors has approved a stock buyback plan on Monday, March 2nd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Truist Financial upped their target price on Ingram Micro from $25.00 to $29.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. The Goldman Sachs Group raised their price target on shares of Ingram Micro from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada raised their price target on shares of Ingram Micro from $24.00 to $33.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Raymond James Financial reiterated an “outperform” rating and issued a $34.00 target price on shares of Ingram Micro in a research note on Friday, May 1st. Finally, William Blair reiterated an “outperform” rating on shares of Ingram Micro in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.86.

Hedge Funds Weigh In On Ingram Micro

A number of hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. increased its position in Ingram Micro by 1.9% during the 3rd quarter. American Century Companies Inc. now owns 2,914,724 shares of the company’s stock worth $62,637,000 after purchasing an additional 54,971 shares in the last quarter. Crossingbridge Advisors LLC increased its position in Ingram Micro by 600.0% during the 3rd quarter. Crossingbridge Advisors LLC now owns 70,000 shares of the company’s stock worth $1,504,000 after purchasing an additional 60,000 shares in the last quarter. Invenomic Capital Management LP increased its position in Ingram Micro by 58.2% during the 3rd quarter. Invenomic Capital Management LP now owns 929,332 shares of the company’s stock worth $19,971,000 after purchasing an additional 341,895 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in Ingram Micro during the 4th quarter worth approximately $896,000. Finally, Comerica Bank increased its position in Ingram Micro by 1,566.3% during the 4th quarter. Comerica Bank now owns 63,286 shares of the company’s stock worth $1,351,000 after purchasing an additional 59,488 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.