Ingram Micro Holding Corporation (NYSE:INGM) Stock Has Average Target Price of $30.50

Ingram Micro Holding Corporation (NYSE:INGM) has been given a consensus rating of “Hold” by the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $30.50.

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $33.00 price objective on shares of Ingram Micro in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of Ingram Micro in a research note on Monday, August 31st. They issued a “hold” rating and a $30.00 price objective for the company. Truist Financial lifted their target price on shares of Ingram Micro from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 4th. Zacks Research cut shares of Ingram Micro from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings raised Ingram Micro from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th.

Insider Buying and Selling at Ingram Micro

In other news, major shareholder Platinum Equity, Llc sold 1,968,750 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $27.19, for a total transaction of $53,530,312.50. Following the transaction, the insider directly owned 162,372,569 shares in the company, valued at approximately $4,414,910,151.11. This represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Ingram Micro

Several institutional investors and hedge funds have recently modified their holdings of INGM. Royal Bank of Canada lifted its position in shares of Ingram Micro by 252.2% in the first 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. Allworth Financial LP acquired a new stake in shares of Ingram Micro during the second quarter worth $35,000. Integrated Wealth Concepts LLC bought a new stake in shares of Ingram Micro in the second quarter valued at approximately $38,000. Reyes Financial Architecture Inc. bought a new position in shares of Ingram Micro in the third quarter worth $43,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Ingram Micro in the 2nd quarter valued at $44,000.

Ingram Micro Price Performance

INGM opened at $27.64 on Tuesday. The company’s 50 day simple moving average is $27.52 and its 200 day simple moving average is $28.02. 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 has a market capitalization of $6.38 billion, a PE ratio of 15.11, a P/E/G ratio of 0.71 and a beta of 1.76.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. The company 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, sell-side analysts expect that Ingram Micro will post 3.40 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were given a dividend of $0.0860 per share. This is an increase from Ingram Micro’s previous quarterly dividend of $0.0840. The ex-dividend date was Tuesday, August 11th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.2%. Ingram Micro’s dividend payout ratio is 18.58%.

About Ingram Micro

Ingram Micro Inc is a global technology distribution and services company that connects technology manufacturers with businesses, resellers, systems integrators and other channel partners. Its portfolio includes hardware, software, cloud solutions, cybersecurity products, networking equipment, data-center technologies and communications solutions.

The company also provides value-added services such as cloud marketplace management, device lifecycle services, logistics, fulfillment, financing support, technical assistance and professional services.