Ingram Micro Holding Corporation (NYSE:INGM) Given Average Recommendation of “Hold” by Brokerages

Ingram Micro Holding Corporation (NYSE:INGM) has received a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.4444.

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Ingram Micro from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. The Goldman Sachs Group downgraded shares of Ingram Micro from a “strong-buy” rating to a “neutral” rating and set a $24.00 price target on the stock. in a research note on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Ingram Micro in a research note on Monday, December 29th. Morgan Stanley cut their target price on Ingram Micro from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $24.00 target price on shares of Ingram Micro in a report on Monday, December 22nd.

Ingram Micro Price Performance

Shares of NYSE:INGM opened at $21.25 on Friday. The company has a market cap of $4.99 billion, a P/E ratio of 17.27, a P/E/G ratio of 0.76 and a beta of 2.32. The business has a fifty day simple moving average of $21.45 and a 200-day simple moving average of $21.01. Ingram Micro has a 52 week low of $14.25 and a 52 week high of $24.81. The company has a quick ratio of 0.95, a current ratio of 1.41 and a debt-to-equity ratio of 0.75.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.21 billion. Ingram Micro had a return on equity of 17.03% and a net margin of 0.57%.Ingram Micro has set its Q4 2025 guidance at 0.850-0.950 EPS. Equities research analysts forecast that Ingram Micro will post 2.71 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s dividend payout ratio is presently 26.02%.

Hedge Funds Weigh In On Ingram Micro

Several hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. grew its stake in shares of Ingram Micro by 1.9% during the third quarter. American Century Companies Inc. now owns 2,914,724 shares of the company’s stock valued at $62,637,000 after acquiring an additional 54,971 shares in the last quarter. Lind Value II ApS boosted its holdings in Ingram Micro by 83.3% in 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 during the last quarter. Wellington Management Group LLP grew its stake in Ingram Micro by 17.3% during the 3rd quarter. Wellington Management Group LLP now owns 2,106,326 shares of the company’s stock valued at $45,265,000 after purchasing an additional 310,058 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Ingram Micro by 28.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,323,583 shares of the company’s stock worth $28,444,000 after purchasing an additional 293,562 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Ingram Micro by 1.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,030,570 shares of the company’s stock valued at $22,827,000 after purchasing an additional 17,727 shares in the last quarter.

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.