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

Shares of Ingram Micro Holding Corporation (NYSE:INGM) have earned a consensus rating of “Hold” from the ten research firms that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $30.8750.

A number of research analysts recently commented on the company. Zacks Research downgraded Ingram Micro from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Wall Street Zen downgraded Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Ingram Micro in a research report on Monday. They issued a “hold” rating and a $30.00 target price on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $33.00 target price on shares of Ingram Micro in a research note on Friday, July 31st. Finally, Truist Financial raised their price target on shares of Ingram Micro from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Tuesday, August 4th.

Ingram Micro Stock Performance

Ingram Micro stock opened at $27.75 on Monday. Ingram Micro has a 12-month low of $18.87 and a 12-month high of $31.69. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.31 and a quick ratio of 0.88. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 0.67 and a beta of 1.74. The firm’s fifty day moving average price is $28.30 and its 200 day moving average price is $26.76.

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 company had revenue of $14.53 billion during the quarter, compared to analysts’ expectations of $13.85 billion. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, research analysts forecast that Ingram Micro will post 3.37 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.086 per share. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, August 11th. This represents a $0.34 dividend on an annualized basis and a yield of 1.2%. Ingram Micro’s payout ratio is currently 18.58%.

Insider Buying and Selling at Ingram Micro

In related news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the business’s stock in a transaction dated 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 $5,151,847,240.57. The trade was a 2.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Augusto Aragone sold 50,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $29.30, for a total value of $1,465,000.00. Following the completion of the sale, the vice president directly owned 150,465 shares of the company’s stock, valued at approximately $4,408,624.50. This represents a 24.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 5,227,069 shares of company stock valued at $151,765,013. 0.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ingram Micro

Large investors have recently bought and sold shares of the business. Balyasny Asset Management L.P. boosted its stake in Ingram Micro by 1.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 48,618 shares of the company’s stock valued at $1,038,000 after acquiring an additional 658 shares during the period. CWM LLC raised its position in shares of Ingram Micro by 20.5% during the 4th quarter. CWM LLC now owns 4,144 shares of the company’s stock worth $88,000 after purchasing an additional 705 shares during the period. Gotham Asset Management LLC lifted its holdings in shares of Ingram Micro by 1.0% in the 4th quarter. Gotham Asset Management LLC now owns 77,662 shares of the company’s stock worth $1,657,000 after purchasing an additional 732 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Ingram Micro by 15.4% in the 4th quarter. Covestor Ltd now owns 5,669 shares of the company’s stock worth $121,000 after purchasing an additional 756 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Ingram Micro by 6.3% during the 2nd quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock valued at $284,000 after purchasing an additional 803 shares during the period.

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.