Platinum Equity, Llc Sells 5,167,069 Shares of Ingram Micro (NYSE:INGM) Stock

Ingram Micro Holding Corporation (NYSE:INGM) major shareholder Platinum Equity, Llc sold 5,167,069 shares of Ingram Micro stock in a transaction on Monday, June 15th. The stock was sold at an average price of $29.03, for a total value of $150,000,013.07. Following the completion of the sale, the insider directly owned 177,466,319 shares of the company’s stock, valued at approximately $5,151,847,240.57. The trade was a 2.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Platinum Equity, Llc also recently made the following trade(s):

• On Thursday, May 7th, Platinum Equity, Llc sold 14,471,153 shares of Ingram Micro stock. The stock was sold at an average price of $24.96, for a total value of $361,199,978.88.

Ingram Micro Stock Performance

NYSE INGM traded down $0.59 on Wednesday, hitting $28.48. 1,254,464 shares of the company traded hands, compared to its average volume of 1,366,971. The business’s 50 day moving average price is $28.30 and its 200-day moving average price is $24.17. Ingram Micro Holding Corporation has a 52-week low of $18.09 and a 52-week high of $31.69. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 0.85 and a beta of 1.78. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61.

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 firm had revenue of $13.96 billion during the quarter, compared to analysts’ expectations 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. Equities analysts expect that Ingram Micro Holding Corporation will post 3.27 earnings per share for the current year.

Ingram Micro declared that its board has approved a share buyback program on Monday, March 2nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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 issued a $0.084 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.34 dividend on an annualized basis and a yield of 1.2%. This is a boost from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s payout ratio is presently 22.52%.

Institutional Investors Weigh In On Ingram Micro

Several institutional investors have recently bought and sold shares of INGM. Geode Capital Management LLC boosted its holdings in Ingram Micro by 11.8% in the 2nd quarter. Geode Capital Management LLC now owns 103,184 shares of the company’s stock worth $2,150,000 after buying an additional 10,878 shares during the last quarter. Rhumbline Advisers boosted its holdings in Ingram Micro by 6.3% in the 2nd quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock worth $284,000 after buying an additional 803 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Ingram Micro in the 2nd quarter worth about $755,000. Invesco Ltd. boosted its holdings in Ingram Micro by 29.0% in the 2nd quarter. Invesco Ltd. now owns 60,522 shares of the company’s stock worth $1,261,000 after buying an additional 13,605 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in Ingram Micro in the 2nd quarter worth about $1,852,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on INGM shares. Weiss Ratings raised Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada increased their price objective on Ingram Micro from $24.00 to $33.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Wall Street Zen lowered Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Raymond James Financial reiterated an “outperform” rating and set a $34.00 price objective on shares of Ingram Micro in a report on Friday, May 1st. Finally, Zacks Research upgraded Ingram Micro from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Three 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.86.

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.