Ingram Micro (NYSE:INGM) VP Augusto Aragone Sells 10,000 Shares of Stock

Ingram Micro Holding Corporation (NYSE:INGM) VP Augusto Aragone sold 10,000 shares of Ingram Micro stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. Following the sale, the vice president directly owned 140,465 shares in the company, valued at $4,213,950. The trade was a 6.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, June 12th, Augusto Aragone sold 50,000 shares of Ingram Micro stock. The stock was sold at an average price of $29.30, for a total value of $1,465,000.00.

Ingram Micro Stock Down 3.5%

Shares of INGM opened at $29.05 on Wednesday. The stock’s 50-day moving average price is $28.23 and its two-hundred day moving average price is $24.12. Ingram Micro Holding Corporation has a 12 month low of $18.09 and a 12 month high of $31.69. The company has a market capitalization of $6.73 billion, a PE ratio of 19.24, a PEG 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 (NYSE:INGM) last announced its earnings results on Thursday, April 30th. The company reported $0.75 EPS for the quarter, beating 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 business had revenue of $13.96 billion for the quarter, compared to analysts’ expectations of $12.76 billion. The firm’s 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, analysts anticipate that Ingram Micro Holding Corporation will post 3.27 EPS for the current year.

Ingram Micro declared that its Board of Directors has initiated a stock buyback plan 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 plans are typically an indication that the company’s board believes its shares are undervalued.

Ingram Micro Increases Dividend

The business also recently announced 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 was Tuesday, May 12th. 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%. Ingram Micro’s dividend payout ratio (DPR) is currently 22.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on INGM. Truist Financial upped their target price on Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Evercore set a $26.00 target price on Ingram Micro in a research report on Monday, April 20th. 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 research report on Wednesday, May 27th. Morgan Stanley upped their target price on Ingram Micro from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Ingram Micro in a research report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Ingram Micro currently has a consensus rating of “Hold” and a consensus target price of $28.86.

Institutional Investors Weigh In On Ingram Micro

A number of institutional investors and hedge funds have recently bought and sold shares of INGM. Bank of America Corp DE lifted its holdings in Ingram Micro by 225.1% during the first quarter. Bank of America Corp DE now owns 1,038,331 shares of the company’s stock worth $24,203,000 after acquiring an additional 718,970 shares during the period. Victory Capital Management Inc. grew its stake in Ingram Micro by 27.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company’s stock valued at $66,719,000 after purchasing an additional 673,840 shares during the period. River Road Asset Management LLC grew its stake in Ingram Micro by 87.0% in the 4th quarter. River Road Asset Management LLC now owns 1,332,690 shares of the company’s stock valued at $28,440,000 after purchasing an additional 620,147 shares during the period. Wellington Management Group LLP grew its stake in Ingram Micro by 26.4% in the 4th quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company’s stock valued at $56,834,000 after purchasing an additional 556,931 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Ingram Micro by 157.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 789,266 shares of the company’s stock valued at $16,843,000 after purchasing an additional 482,723 shares during the period.

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.