Insider Selling: Ingram Micro (NYSE:INGM) Major Shareholder Sells $53,530,312.50 in Stock

Key Points

  • Platinum Equity sold 1.97 million Ingram Micro shares at an average of $27.19, generating $53.5 million. The sale reduced its ownership by 1.2%, though it still holds approximately 162.4 million shares.
  • Ingram Micro reported quarterly EPS of $0.82, beating estimates of $0.74, while revenue reached $14.53 billion versus expectations of $13.85 billion.
  • The stock opened at $27.24, while analysts maintained a generally cautious outlook, with an average rating of “Hold” and a consensus price target of $30.50. The company also raised its quarterly dividend to $0.086 per share.

Ingram Micro Holding Corporation (NYSE:INGM - Get Free Report) major shareholder Platinum Equity, Llc sold 1,968,750 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $27.19, for a total value of $53,530,312.50. Following the completion of the sale, the insider owned 162,372,569 shares in the company, valued at $4,414,910,151.11. This trade 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 hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Platinum Equity, Llc also recently made the following trade(s):

  • On Thursday, September 10th, Platinum Equity, Llc sold 13,125,000 shares of Ingram Micro stock. The stock was sold at an average price of $27.19, for a total transaction of $356,868,750.00.

Ingram Micro Stock Performance

NYSE INGM opened at $27.24 on Friday. The company has a 50 day moving average of $28.36 and a 200-day moving average of $27.25. Ingram Micro Holding Corporation has a 1-year low of $19.03 and a 1-year high of $31.69. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 0.69 and a beta of 1.74. The company has a current ratio of 1.31, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60.




Ingram Micro (NYSE:INGM - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%.The company had revenue of $14.53 billion for the quarter, compared to analyst estimates of $13.85 billion. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, equities analysts forecast that Ingram Micro Holding Corporation will post 3.32 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were issued a $0.086 dividend. This is an increase from Ingram Micro's previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 11th. Ingram Micro's dividend payout ratio (DPR) is 18.58%.

Institutional Trading of Ingram Micro

A number of hedge funds have recently modified their holdings of the stock. Tidal Investments LLC lifted its position in Ingram Micro by 23.1% during the second quarter. Tidal Investments LLC now owns 29,426 shares of the company's stock worth $807,000 after acquiring an additional 5,522 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Ingram Micro during the 2nd quarter valued at $1,628,000. Integrated Wealth Concepts LLC acquired a new stake in Ingram Micro during the second quarter worth about $38,000. Allworth Financial LP boosted its position in shares of Ingram Micro by 72.9% during the 2nd quarter. Allworth Financial LP now owns 1,290 shares of the company's stock worth $35,000 after acquiring an additional 544 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Ingram Micro by 453.0% in the 2nd quarter. Amundi now owns 395,709 shares of the company's stock valued at $10,854,000 after purchasing an additional 324,152 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Zacks Research cut shares of Ingram Micro from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 19th. Morgan Stanley dropped their price target on Ingram Micro from $33.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Wall Street Zen lowered shares of Ingram Micro from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 16th. Weiss Ratings upgraded Ingram Micro from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, September 8th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $33.00 price target on shares of Ingram Micro in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $30.50.

View Our Latest Stock Analysis on Ingram Micro

Ingram Micro Company Profile

(Get Free Report)

Ingram Micro Inc is a global technology distributor and provider of technology services. The company connects technology manufacturers with businesses, resellers, systems integrators, managed service providers and other channel partners. Its offerings span cloud and platform services, cybersecurity, data center and infrastructure products, networking, endpoint devices, software, peripherals and other information technology solutions.

In addition to distributing products, Ingram Micro provides logistics, supply-chain management, financing, configuration, integration, lifecycle management and professional services.

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