Ingram Micro Holding Corporation (NYSE:INGM - Get Free Report) VP Augusto Aragone sold 10,000 shares of the company's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. Following the completion of the transaction, the vice president owned 140,465 shares of the company's stock, valued at $4,213,950. This trade represents a 6.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Augusto Aragone also recently made the following trade(s):
- On Friday, June 12th, Augusto Aragone sold 50,000 shares of Ingram Micro stock. The shares were sold at an average price of $29.30, for a total value of $1,465,000.00.
Ingram Micro Stock Down 3.5%
Shares of NYSE:INGM opened at $29.05 on Wednesday. The company has a market capitalization of $6.73 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 0.88 and a beta of 1.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.93. The business has a fifty day moving average price of $28.23 and a two-hundred day moving average price of $24.12. Ingram Micro Holding Corporation has a 1 year low of $18.09 and a 1 year high of $31.69.
Ingram Micro (NYSE:INGM - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. The firm had revenue of $13.96 billion during the quarter, compared to the consensus estimate of $12.76 billion. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The company's revenue for the quarter was up 13.7% compared to the same quarter last year. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. Analysts forecast that Ingram Micro Holding Corporation will post 3.27 earnings per share for the current year.
Ingram Micro Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.084 per share. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, May 12th. This is a positive change from Ingram Micro's previous quarterly dividend of $0.08. Ingram Micro's dividend payout ratio is currently 22.52%.
Ingram Micro declared that its board has authorized a stock repurchase program on Monday, March 2nd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.
Wall Street Analyst Weigh In
INGM has been the subject of several research reports. Zacks Research upgraded Ingram Micro from a "strong sell" rating to a "hold" rating in a research note on Monday, February 23rd. Morgan Stanley increased their price target on Ingram Micro from $21.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 3rd. Truist Financial increased their price target on Ingram Micro from $25.00 to $29.00 and gave the stock a "hold" rating in a research note on Tuesday, May 5th. William Blair reiterated an "outperform" rating on shares of Ingram Micro in a research note on Tuesday, March 3rd. Finally, Royal Bank Of Canada increased their price target on Ingram Micro from $24.00 to $33.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $28.86.
Read Our Latest Stock Report on Ingram Micro
Institutional Trading of Ingram Micro
A number of institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its holdings in Ingram Micro by 27.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company's stock worth $66,719,000 after purchasing an additional 673,840 shares in the last quarter. American Century Companies Inc. lifted its holdings 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 worth $62,637,000 after purchasing an additional 54,971 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Ingram Micro by 26.4% during the 4th quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company's stock worth $56,834,000 after purchasing an additional 556,931 shares in the last quarter. Capital World Investors lifted its holdings in Ingram Micro by 12.9% during the 4th 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 in the last quarter. Finally, Lind Value II ApS lifted its holdings in Ingram Micro by 10.1% during the 4th quarter. Lind Value II ApS now owns 2,419,546 shares of the company's stock worth $51,633,000 after purchasing an additional 220,979 shares in 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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