Ingram Micro (NYSE:INGM) Sees Strong Trading Volume – Still a Buy?

Ingram Micro Holding Corporation (NYSE:INGM) saw an uptick in trading volume on Tuesday . 1,025,613 shares were traded during trading, a decline of 12% from the previous session’s volume of 1,171,648 shares.The stock last traded at $29.4550 and had previously closed at $30.09.

Analysts Set New Price Targets

Several brokerages recently commented on INGM. Weiss Ratings raised shares of Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Wall Street Zen lowered shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Royal Bank Of Canada boosted their price objective on shares of Ingram Micro from $24.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. upgraded shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price target for the company in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group upped their price target on shares of Ingram Micro from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Ingram Micro presently has a consensus rating of “Hold” and an average target price of $28.86.

Ingram Micro Trading Down 3.2%

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 firm has a market capitalization of $6.75 billion, a PE ratio of 19.29, a PEG ratio of 0.87 and a beta of 1.79. The stock’s fifty day simple moving average is $28.14 and its 200 day simple moving average is $24.07.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.05. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The business had revenue of $13.96 billion for the quarter, compared to the consensus estimate of $12.76 billion. The business’s quarterly 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 predict that Ingram Micro Holding Corporation will post 3.27 earnings per share for the current year.

Ingram Micro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were given a $0.084 dividend. This is a boost from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, May 12th. Ingram Micro’s dividend payout ratio (DPR) is presently 22.52%.

Ingram Micro announced that its Board of Directors has authorized a stock repurchase program on Monday, March 2nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of Ingram Micro by 1.9% during the third quarter. American Century Companies Inc. now owns 2,914,724 shares of the company’s stock valued at $62,637,000 after buying an additional 54,971 shares during the last quarter. Crossingbridge Advisors LLC lifted its position in shares of Ingram Micro by 600.0% during the third quarter. Crossingbridge Advisors LLC now owns 70,000 shares of the company’s stock valued at $1,504,000 after buying an additional 60,000 shares during the last quarter. Invenomic Capital Management LP lifted its position in shares of Ingram Micro by 58.2% during the third quarter. Invenomic Capital Management LP now owns 929,332 shares of the company’s stock valued at $19,971,000 after buying an additional 341,895 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Ingram Micro during the fourth quarter valued at about $896,000. Finally, Comerica Bank raised its position in shares of Ingram Micro by 1,566.3% in the 4th quarter. Comerica Bank now owns 63,286 shares of the company’s stock valued at $1,351,000 after purchasing an additional 59,488 shares during 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.