Ingram Micro (NYSE:INGM) Major Shareholder Sells $150,000,013.07 in Stock

Ingram Micro Holding Corporation (NYSE:INGM) 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 transaction, the insider 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major 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 opened at $28.20 on Friday. The stock has a market cap of $6.53 billion, a P/E ratio of 18.67, a PEG ratio of 0.83 and a beta of 1.78. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $28.37 and its two-hundred day moving average price is $24.25. Ingram Micro Holding Corporation has a twelve month low of $18.09 and a twelve month high of $31.69.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. The company had revenue of $13.96 billion during 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 business’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. As a group, equities analysts predict that Ingram Micro Holding Corporation will post 3.27 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were paid 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 dividend payout ratio is presently 22.52%.

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

Institutional Trading of Ingram Micro

Several hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its stake in shares of Ingram Micro by 27.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company’s stock valued at $66,719,000 after buying an additional 673,840 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Ingram Micro by 1.9% in the third quarter. American Century Companies Inc. now owns 2,914,724 shares of the company’s stock worth $62,637,000 after buying an additional 54,971 shares during the period. Wellington Management Group LLP lifted its stake in shares of 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 acquiring an additional 556,931 shares during the last quarter. Capital World Investors boosted its holdings in Ingram Micro by 12.9% during the 4th quarter. Capital World Investors now owns 2,642,029 shares of the company’s stock valued at $56,381,000 after acquiring an additional 302,858 shares during the period. Finally, Lind Value II ApS boosted its holdings in Ingram Micro by 10.1% during the 4th quarter. Lind Value II ApS now owns 2,419,546 shares of the company’s stock valued at $51,633,000 after acquiring an additional 220,979 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Ingram Micro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Royal Bank Of Canada raised their price objective on Ingram Micro from $24.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. upgraded Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 target price for the company in a research report on Wednesday, May 27th. Evercore set a $26.00 target price on Ingram Micro in a research note on Monday, April 20th. Finally, Zacks Research upgraded shares of Ingram Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to 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.