AXQ Capital LP Acquires Shares of 30,306 Ingram Micro Holding Corporation $INGM

AXQ Capital LP purchased a new stake in shares of Ingram Micro Holding Corporation (NYSE:INGM) in the fourth quarter, Holdings Channel reports. The firm purchased 30,306 shares of the company’s stock, valued at approximately $647,000.

A number of other institutional investors have also recently bought and sold shares of INGM. Comerica Bank grew its position in shares of Ingram Micro by 2,844.2% during the 3rd 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 period. CWM LLC increased its holdings in shares of Ingram Micro by 20.5% in the 4th quarter. CWM LLC now owns 4,144 shares of the company’s stock worth $88,000 after buying an additional 705 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Ingram Micro in the 3rd quarter worth approximately $110,000. PNC Financial Services Group Inc. boosted its stake in shares of Ingram Micro by 855.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,400 shares of the company’s stock valued at $116,000 after purchasing an additional 4,835 shares in the last quarter. Finally, Covestor Ltd boosted its position in Ingram Micro by 15.4% during the fourth quarter. Covestor Ltd now owns 5,669 shares of the company’s stock valued at $121,000 after buying an additional 756 shares during the period.

Analyst Ratings Changes

Several equities research analysts have weighed in on INGM shares. Raymond James Financial reissued an “outperform” rating and set a $34.00 price target on shares of Ingram Micro in a research report on Friday, May 1st. JPMorgan Chase & Co. raised Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price objective on the stock in a research report on Wednesday, May 27th. 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 research report on Thursday, April 23rd. Truist Financial lifted their price target on shares of Ingram Micro from $25.00 to $29.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. Finally, Evercore set a $26.00 target price on shares of Ingram Micro in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.86.

Ingram Micro Trading Down 2.3%

Ingram Micro stock opened at $30.91 on Thursday. 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 has a 50 day moving average of $27.11 and a 200 day moving average of $23.55. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 0.92 and a beta of 1.78.

Ingram Micro (NYSE:INGM) last issued its earnings results on Thursday, April 30th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.05. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The company had revenue of $13.96 billion during the quarter, compared to the consensus estimate of $12.76 billion. The company’s quarterly revenue 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. As a group, research analysts predict that Ingram Micro Holding Corporation will post 3.27 earnings per share for the current year.

Ingram Micro announced that its board has approved a share repurchase program on Monday, March 2nd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Ingram Micro Increases Dividend

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

Ingram Micro 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.