Ingram Micro (NYSE:INGM) VP Augusto Aragone Sells 50,000 Shares of Stock

Ingram Micro Holding Corporation (NYSE:INGM) VP Augusto Aragone sold 50,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $29.30, for a total value of $1,465,000.00. Following the transaction, the vice president owned 150,465 shares in the company, valued at approximately $4,408,624.50. This trade represents a 24.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Augusto Aragone also recently made the following trade(s):

• On Monday, June 15th, Augusto Aragone sold 10,000 shares of Ingram Micro stock. The stock was sold at an average price of $30.00, for a total value of $300,000.00.

Ingram Micro Price Performance

Shares of NYSE INGM opened at $29.05 on Wednesday. The firm has a market cap of $6.73 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 0.88 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 Holding Corporation has a 1-year low of $18.09 and a 1-year high of $31.69. The business’s 50 day moving average is $28.23 and its 200-day moving average is $24.12.

Ingram Micro (NYSE:INGM) last announced its earnings results on Thursday, April 30th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $13.96 billion for the quarter, compared to analyst estimates of $12.76 billion. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. Equities research analysts predict that Ingram Micro Holding Corporation will post 3.27 earnings per share for the current year.

Ingram Micro Increases Dividend

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

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

Hedge Funds Weigh In On Ingram Micro

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in Ingram Micro by 252.2% in the 1st quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock worth $34,000 after purchasing an additional 1,054 shares in the last quarter. Comerica Bank increased its holdings in Ingram Micro by 2,844.2% in the 3rd quarter. Comerica Bank now owns 3,798 shares of the company’s stock worth $82,000 after purchasing an additional 3,669 shares in the last quarter. CWM LLC increased its holdings in Ingram Micro by 20.5% in the 4th quarter. CWM LLC now owns 4,144 shares of the company’s stock worth $88,000 after purchasing an additional 705 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Ingram Micro by 33.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock worth $88,000 after purchasing an additional 1,031 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Ingram Micro in the 4th quarter worth about $94,000.

Wall Street Analyst Weigh In

INGM has been the topic of a number of research analyst reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Ingram Micro in a report on Friday, May 1st. JPMorgan Chase & Co. raised Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 target price on the stock in a report on Wednesday, May 27th. Zacks Research raised Ingram Micro from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. William Blair reaffirmed an “outperform” rating on shares of Ingram Micro in a report on Tuesday, March 3rd. Finally, Royal Bank Of Canada raised their target price on Ingram Micro from $24.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.