Platinum Equity, Llc Sells 5,167,069 Shares of Ingram Micro (NYSE:INGM) Stock

Ingram Micro Holding Corporation (NYSE:INGM) major shareholder Platinum Equity, Llc sold 5,167,069 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the completion of the sale, the insider directly owned 177,466,319 shares of the company’s stock, valued at $5,151,847,240.57. This represents a 2.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, May 7th, Platinum Equity, Llc sold 14,471,153 shares of Ingram Micro stock. The stock was sold at an average price of $24.96, for a total transaction of $361,199,978.88.

Ingram Micro Stock Down 1.0%

Shares of INGM opened at $28.20 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. Ingram Micro Holding Corporation has a 12 month low of $18.09 and a 12 month high of $31.69. The firm’s 50 day moving average is $28.35 and its 200-day moving average is $24.22. The stock has a market capitalization of $6.53 billion, a PE ratio of 18.67, a P/E/G ratio of 0.83 and a beta of 1.78.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. The business had revenue of $13.96 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%.The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. Equities research analysts forecast that Ingram Micro Holding Corporation will post 3.27 EPS for the current year.

Ingram Micro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were given a dividend of $0.084 per share. This represents a $0.34 dividend on an annualized basis 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 announced that its board has initiated a stock repurchase program on Monday, March 2nd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of Ingram Micro from $24.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Raymond James Financial reissued an “outperform” rating and issued a $34.00 target price on shares of Ingram Micro in a report on Friday, May 1st. The Goldman Sachs Group boosted their target price on shares of Ingram Micro from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Morgan Stanley upped their price target on shares of Ingram Micro from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Finally, Truist Financial increased their price target on shares of Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Ingram Micro presently has an average rating of “Hold” and an average target price of $28.86.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. increased its holdings 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 worth $62,637,000 after buying an additional 54,971 shares in the last quarter. Crossingbridge Advisors LLC boosted its holdings in shares of Ingram Micro by 600.0% during the 3rd quarter. Crossingbridge Advisors LLC now owns 70,000 shares of the company’s stock valued at $1,504,000 after acquiring an additional 60,000 shares in the last quarter. Invenomic Capital Management LP grew its position in Ingram Micro by 58.2% during the 3rd quarter. Invenomic Capital Management LP now owns 929,332 shares of the company’s stock worth $19,971,000 after acquiring an additional 341,895 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new position in Ingram Micro in the 4th quarter worth about $896,000. Finally, Comerica Bank increased its holdings in Ingram Micro by 1,566.3% in the 4th quarter. Comerica Bank now owns 63,286 shares of the company’s stock worth $1,351,000 after purchasing an additional 59,488 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.