Ingram Micro Holding Corporation (NYSE:INGM) Receives Average Rating of “Hold” from Brokerages

by · The Cerbat Gem

Shares of Ingram Micro Holding Corporation (NYSE:INGM – Get Free Report) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $24.5556.

Several equities analysts have recently issued reports on INGM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingram Micro in a report on Monday, December 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Ingram Micro in a research report on Monday, December 22nd. Wall Street Zen raised Ingram Micro from a “hold” rating to a “buy” rating in a report on Friday, September 5th. JPMorgan Chase & Co. restated an “underweight” rating and set a $24.00 price target on shares of Ingram Micro in a report on Monday, December 15th. Finally, Morgan Stanley lowered their price target on Ingram Micro from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th.

Get Our Latest Analysis on Ingram Micro

Ingram Micro Stock Performance

Shares of INGM stock opened at $22.07 on Tuesday. The company’s fifty day moving average price is $21.70 and its 200-day moving average price is $20.89. The stock has a market cap of $5.19 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36. 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 has a 12 month low of $14.25 and a 12 month high of $24.81.

Ingram Micro (NYSE:INGM – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The company had revenue of $12.60 billion during the quarter, compared to analysts’ expectations of $12.21 billion. Ingram Micro had a net margin of 0.57% and a return on equity of 17.03%. Ingram Micro has set its Q4 2025 guidance at 0.850-0.950 EPS. On average, equities analysts expect that Ingram Micro will post 2.71 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, November 10th. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.4%. Ingram Micro’s dividend payout ratio is currently 26.02%.

Hedge Funds Weigh In On Ingram Micro

Hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in Ingram Micro by 1.9% during the 3rd quarter. American Century Companies Inc. now owns 2,914,724 shares of the company’s stock valued at $62,637,000 after purchasing an additional 54,971 shares during the last quarter. Lind Value II ApS lifted its holdings in shares of Ingram Micro by 83.3% during the third quarter. Lind Value II ApS now owns 2,198,567 shares of the company’s stock valued at $47,247,000 after purchasing an additional 999,172 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Ingram Micro by 17.3% during the third quarter. Wellington Management Group LLP now owns 2,106,326 shares of the company’s stock valued at $45,265,000 after buying an additional 310,058 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in Ingram Micro by 634.6% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,436,187 shares of the company’s stock worth $25,478,000 after buying an additional 1,240,675 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Ingram Micro by 28.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,323,583 shares of the company’s stock worth $28,444,000 after buying an additional 293,562 shares during the last quarter.

Ingram Micro Company Profile

(Get Free Report)

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.

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