Ingram Micro Holding Corporation (NYSE:INGM) Announces Dividend Increase – $0.08 Per Share

Ingram Micro Holding Corporation (NYSE:INGM) declared a quarterly dividend on Tuesday, February 24th. Shareholders of record on Tuesday, March 10th will be given a dividend of 0.082 per share on Tuesday, March 24th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, March 10th. This is a 2.5% increase from Ingram Micro’s previous quarterly dividend of $0.08.

Ingram Micro Trading Down 16.5%

Shares of INGM stock opened at $22.02 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.33 and a debt-to-equity ratio of 0.65. The firm has a market cap of $5.18 billion, a P/E ratio of 15.96, a PEG ratio of 0.75 and a beta of 2.27. The company has a 50 day moving average of $21.54 and a 200-day moving average of $21.35. Ingram Micro has a 12-month low of $14.25 and a 12-month high of $26.38.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings data on Monday, March 2nd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. Ingram Micro had a return on equity of 16.78% and a net margin of 0.62%.The business had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.18 billion. The company’s revenue was up 11.5% on a year-over-year basis. Sell-side analysts anticipate that Ingram Micro will post 2.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. The Goldman Sachs Group downgraded Ingram Micro from a “strong-buy” rating to a “neutral” rating and set a $24.00 price target for the company. in a research note on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of Ingram Micro in a research note on Monday, December 29th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $24.00 target price on shares of Ingram Micro in a research report on Monday, December 15th. William Blair reiterated an “outperform” rating on shares of Ingram Micro in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of Ingram Micro from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ingram Micro has a consensus rating of “Hold” and an average target price of $24.43.

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.