Fifth Third Bancorp Buys 63,332 Shares of Ingram Micro Holding Corporation $INGM

Fifth Third Bancorp lifted its stake in Ingram Micro Holding Corporation (NYSE:INGM) by 301,581.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,353 shares of the company’s stock after purchasing an additional 63,332 shares during the period. Fifth Third Bancorp’s holdings in Ingram Micro were worth $1,477,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Comerica Bank boosted its stake in Ingram Micro by 2,844.2% in the third quarter. Comerica Bank now owns 3,798 shares of the company’s stock valued at $82,000 after acquiring an additional 3,669 shares during the last quarter. CWM LLC boosted its position in shares of Ingram Micro by 20.5% during the fourth quarter. CWM LLC now owns 4,144 shares of the company’s stock worth $88,000 after purchasing an additional 705 shares in the last quarter. Wells Fargo & Company MN grew its stake in Ingram Micro by 33.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock valued at $88,000 after acquiring an additional 1,031 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Ingram Micro during the 4th quarter worth approximately $94,000. Finally, Aquatic Capital Management LLC acquired a new stake in Ingram Micro during the 3rd quarter worth approximately $110,000.

Wall Street Analyst Weigh In

INGM has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on Ingram Micro from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Raymond James Financial restated an “outperform” rating and set a $34.00 target price on shares of Ingram Micro in a report on Friday, May 1st. Wall Street Zen lowered Ingram Micro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Morgan Stanley raised their target price on shares of Ingram Micro from $27.50 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings upgraded Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.29.

Ingram Micro Stock Down 1.2%

INGM stock opened at $29.55 on Friday. Ingram Micro Holding Corporation has a 52 week low of $18.09 and a 52 week high of $31.69. The business has a 50-day simple moving average of $28.14 and a 200 day simple moving average of $25.29. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.61. The company has a market cap of $6.85 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 0.87 and a beta of 1.78.

Ingram Micro (NYSE:INGM) last released its earnings results on Thursday, April 30th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.70 by $0.05. The firm had revenue of $13.96 billion for the quarter, compared to analyst estimates of $12.76 billion. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. Sell-side analysts anticipate that Ingram Micro Holding Corporation will post 3.29 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were given a dividend of $0.084 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.34 annualized dividend and a dividend yield of 1.1%. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s dividend payout ratio is currently 22.52%.

Insider Transactions at Ingram Micro

In other news, VP Augusto Aragone sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $29.30, for a total value of $1,465,000.00. Following the sale, the vice president directly owned 150,465 shares in the company, valued at approximately $4,408,624.50. This trade represents a 24.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the firm’s stock in a transaction that occurred on 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 owned 177,466,319 shares in the company, valued at $5,151,847,240.57. This represents a 2.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 5,227,069 shares of company stock valued at $151,765,013 in the last three months. Company insiders own 0.95% of the company’s stock.

Ingram Micro Company Profile

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.