Ingram Micro Holding Corporation (NYSE:INGM) Stock Rated “Hold” by Wall Street Brokerages

Ingram Micro Holding Corporation (NYSE:INGM) has received a consensus rating of “Hold” from the ten brokerages that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.50.

Several research firms have recently commented on INGM. Morgan Stanley reduced their target price on Ingram Micro from $33.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 16th. Zacks Research lowered shares of Ingram Micro from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ingram Micro in a report on Monday, August 31st. They issued a “hold” rating and a $30.00 price target on the stock. Weiss Ratings lowered shares of Ingram Micro from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Finally, Truist Financial boosted their target price 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.

Insiders Place Their Bets

In related news, major shareholder Platinum Equity, Llc sold 1,968,750 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $27.19, for a total value of $53,530,312.50. Following the completion of the sale, the insider directly owned 162,372,569 shares of the company’s stock, valued at $4,414,910,151.11. The trade was a 1.20% 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. 0.95% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Platinum Equity Advisors LLC DE acquired a new stake in shares of Ingram Micro during the 2nd quarter valued at approximately $4,867,901,130. Capital World Investors boosted its holdings in Ingram Micro by 12.9% in the fourth quarter. Capital World Investors now owns 2,642,029 shares of the company’s stock worth $56,381,000 after purchasing an additional 302,858 shares during the period. River Road Asset Management LLC boosted its holdings in Ingram Micro by 87.0% in the fourth quarter. River Road Asset Management LLC now owns 1,332,690 shares of the company’s stock worth $28,440,000 after purchasing an additional 620,147 shares during the period. BlackRock Inc. bought a new stake in Ingram Micro during the second quarter valued at $35,663,000. Finally, Invenomic Capital Management LP raised its holdings in shares of Ingram Micro by 17.3% during the fourth quarter. Invenomic Capital Management LP now owns 1,090,563 shares of the company’s stock worth $23,273,000 after purchasing an additional 161,231 shares during the period.

Ingram Micro Stock Up 1.7%

Shares of NYSE INGM opened at $26.90 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 1.31. Ingram Micro has a 1 year low of $19.03 and a 1 year high of $31.69. The stock’s 50-day simple moving average is $28.02 and its 200-day simple moving average is $27.44. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 0.68 and a beta of 1.74.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%.The firm had revenue of $14.53 billion during the quarter, compared to the consensus estimate of $13.85 billion. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, equities analysts anticipate that Ingram Micro will post 3.4 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were paid a $0.0860 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.0840. The ex-dividend date was Tuesday, August 11th. Ingram Micro’s payout ratio is 18.58%.

About Ingram Micro

Ingram Micro Inc is a global technology distributor and provider of technology services. The company connects technology manufacturers with businesses, resellers, systems integrators, managed service providers and other channel partners. Its offerings span cloud and platform services, cybersecurity, data center and infrastructure products, networking, endpoint devices, software, peripherals and other information technology solutions.

In addition to distributing products, Ingram Micro provides logistics, supply-chain management, financing, configuration, integration, lifecycle management and professional services.