Ingram Micro Holding Corporation (NYSE:INGM) Receives $31.00 Consensus Target Price from Brokerages

Shares of Ingram Micro Holding Corporation (NYSE:INGM) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $31.00.

Several equities analysts have weighed in on the stock. Wall Street Zen raised shares of Ingram Micro from a “buy” rating to a “strong-buy” rating in a report on Saturday. Morgan Stanley raised their price objective on shares of Ingram Micro from $27.50 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 23rd. Evercore set a $26.00 target price on shares of Ingram Micro in a research note on Monday, April 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ingram Micro in a research note on Friday, July 24th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $33.00 price target on shares of Ingram Micro in a report on Friday, July 31st.

Ingram Micro Stock Performance

Shares of INGM opened at $28.38 on Thursday. The business has a 50-day simple moving average of $28.72 and a two-hundred day simple moving average of $25.87. The company has a quick ratio of 0.88, a current ratio of 1.31 and a debt-to-equity ratio of 0.60. Ingram Micro has a 52 week low of $18.66 and a 52 week high of $31.69. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 0.69 and a beta of 1.75.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $14.53 billion for the quarter, compared to analysts’ expectations of $13.85 billion. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%.Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, analysts expect that Ingram Micro will post 3.37 EPS for the current year.

Ingram Micro Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th will be given a dividend of $0.086 per share. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 11th. Ingram Micro’s dividend payout ratio (DPR) is 18.58%.

Insider Activity at Ingram Micro

In related news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of Ingram Micro stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the sale, the insider owned 177,466,319 shares of the company’s stock, valued at approximately $5,151,847,240.57. This trade represents a 2.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Augusto Aragone sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $30.00, for a total value of $300,000.00. Following the completion of the transaction, the vice president directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,227,069 shares of company stock worth $151,765,013 in the last three months. 0.95% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ingram Micro

Several hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its position in shares of Ingram Micro by 27.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company’s stock worth $66,719,000 after acquiring an additional 673,840 shares during the last quarter. Wellington Management Group LLP increased its holdings in Ingram Micro by 26.4% in the 4th quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company’s stock valued at $56,834,000 after acquiring an additional 556,931 shares during the last quarter. Capital World Investors increased its holdings in Ingram Micro by 12.9% in the 4th quarter. Capital World Investors now owns 2,642,029 shares of the company’s stock valued at $56,381,000 after acquiring an additional 302,858 shares during the last quarter. Lind Value II ApS lifted its stake in Ingram Micro by 10.1% in the 4th quarter. Lind Value II ApS now owns 2,419,546 shares of the company’s stock worth $51,633,000 after purchasing an additional 220,979 shares in the last quarter. Finally, River Road Asset Management LLC lifted its stake in Ingram Micro by 87.0% in the 4th quarter. River Road Asset Management LLC now owns 1,332,690 shares of the company’s stock worth $28,440,000 after purchasing an additional 620,147 shares in the last quarter.

About Ingram Micro

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.