Ingram Micro Holding Corporation (NYSE:INGM) Receives $24.56 Consensus Price Target from Brokerages

Ingram Micro Holding Corporation (NYSE:INGM) has been assigned an average rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $24.5556.

Several equities analysts recently commented on INGM shares. Morgan Stanley dropped their price objective 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, December 17th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $24.00 price target on shares of Ingram Micro in a research note on Monday, December 15th. Royal Bank Of Canada restated an “outperform” rating and set a $24.00 price objective on shares of Ingram Micro in a research report on Monday. Wall Street Zen upgraded Ingram Micro from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingram Micro in a research note on Monday.

Ingram Micro Price Performance

NYSE:INGM opened at $22.24 on Tuesday. The stock has a market capitalization of $5.23 billion, a PE ratio of 18.08, a P/E/G ratio of 0.87 and a beta of 2.36. Ingram Micro has a 1-year low of $14.25 and a 1-year high of $24.81. The firm has a fifty day simple moving average of $21.69 and a 200 day simple moving average of $20.85. 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 posted its earnings results on Thursday, October 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Ingram Micro had a net margin of 0.57% and a return on equity of 17.03%. The company had revenue of $12.60 billion during the quarter, compared to analysts’ expectations of $12.21 billion. Ingram Micro has set its Q4 2025 guidance at 0.850-0.950 EPS. On average, research analysts expect that Ingram Micro will post 2.71 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were issued a $0.08 dividend. The ex-dividend date was Monday, November 10th. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a yield of 1.4%. Ingram Micro’s dividend payout ratio is presently 26.02%.

Institutional Trading of Ingram Micro

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC grew its position in Ingram Micro by 125.7% in the 2nd quarter. CWM LLC now owns 3,333 shares of the company’s stock worth $69,000 after purchasing an additional 1,856 shares in the last quarter. Comerica Bank grew its holdings in shares of Ingram Micro by 2,844.2% in the third quarter. Comerica Bank now owns 3,798 shares of the company’s stock valued at $82,000 after acquiring an additional 3,669 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Ingram Micro during the third quarter valued at approximately $110,000. PNC Financial Services Group Inc. lifted its holdings in Ingram Micro by 855.8% during the third quarter. PNC Financial Services Group Inc. now owns 5,400 shares of the company’s stock worth $116,000 after acquiring an additional 4,835 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in Ingram Micro by 16.8% in the second quarter. Public Employees Retirement System of Ohio now owns 6,369 shares of the company’s stock worth $133,000 after purchasing an additional 917 shares during the last quarter.

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.