Ingram Micro (NYSE:INGM) Shares Gap Down – What’s Next?

Ingram Micro Holding Corporation (NYSE:INGM)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $22.71, but opened at $21.94. Ingram Micro shares last traded at $21.5020, with a volume of 81,345 shares.

Analysts Set New Price Targets

A number of equities research analysts recently commented on INGM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingram Micro in a report on Monday. JPMorgan Chase & Co. restated an “underweight” rating and set a $24.00 price objective on shares of Ingram Micro in a report on Monday. Morgan Stanley lowered their target price on shares of Ingram Micro from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday. Zacks Research raised shares of Ingram Micro from a “strong sell” rating to a “hold” rating in a report on Friday, August 22nd. Finally, Wall Street Zen raised Ingram Micro from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.00.

Ingram Micro Stock Performance

The stock’s 50 day moving average is $21.61 and its two-hundred day moving average is $20.74. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 0.85 and a beta of 2.36. The company has a current ratio of 1.41, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The company had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.21 billion. Ingram Micro had a return on equity of 17.03% and a net margin of 0.57%.Ingram Micro has set its Q4 2025 guidance at 0.850-0.950 EPS. Analysts expect that Ingram Micro Holding Corporation will post 2.71 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s dividend payout ratio (DPR) is 26.02%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. increased its stake in Ingram Micro by 197.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 256,880 shares of the company’s stock valued at $5,520,000 after buying an additional 170,450 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Ingram Micro by 175.7% in the third quarter. Public Employees Retirement System of Ohio now owns 17,561 shares of the company’s stock valued at $377,000 after acquiring an additional 11,192 shares during the last quarter. Millennium Management LLC raised its holdings in Ingram Micro by 5.8% during the third quarter. Millennium Management LLC now owns 539,737 shares of the company’s stock worth $11,599,000 after acquiring an additional 29,473 shares in the last quarter. Invenomic Capital Management LP grew its stake in Ingram Micro by 58.2% in the third quarter. Invenomic Capital Management LP now owns 929,332 shares of the company’s stock valued at $19,971,000 after purchasing an additional 341,895 shares in the last quarter. Finally, Gotham Asset Management LLC acquired a new position in shares of Ingram Micro during the 3rd quarter worth approximately $1,653,000.

Ingram Micro Company Profile

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.