Ingram Micro Holding Corporation (NYSE:INGM – Get Free Report) VP Augusto Aragone sold 10,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. Following the completion of the sale, the vice president owned 140,465 shares of the company’s stock, valued at approximately $4,213,950. This trade represents a 6.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Augusto Aragone also recently made the following trade(s):
- On Friday, June 12th, Augusto Aragone sold 50,000 shares of Ingram Micro stock. The shares were sold at an average price of $29.30, for a total value of $1,465,000.00.
Ingram Micro Trading Down 2.0%
Ingram Micro stock opened at $28.48 on Thursday. The stock has a 50-day moving average of $28.30 and a two-hundred day moving average of $24.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.31. Ingram Micro Holding Corporation has a one year low of $18.09 and a one year high of $31.69. The stock has a market cap of $6.60 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 0.85 and a beta of 1.78.
Ingram Micro declared that its Board of Directors has initiated a stock repurchase program on Monday, March 2nd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
Ingram Micro Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were paid a $0.084 dividend. The ex-dividend date was Tuesday, May 12th. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. Ingram Micro’s dividend payout ratio (DPR) is 22.52%.
Analyst Upgrades and Downgrades
INGM has been the topic of several analyst reports. Weiss Ratings raised Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. The Goldman Sachs Group raised 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. William Blair reaffirmed an “outperform” rating on shares of Ingram Micro in a report on Tuesday, March 3rd. Raymond James Financial reaffirmed an “outperform” rating and set a $34.00 target price on shares of Ingram Micro in a report on Friday, May 1st. Finally, Royal Bank Of Canada raised their target price on Ingram Micro from $24.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Three 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 currently has an average rating of “Hold” and a consensus price target of $28.86.
Read Our Latest Stock Report on Ingram Micro
Institutional Trading of Ingram Micro
Institutional investors have recently bought and sold shares of the business. Balyasny Asset Management L.P. boosted its stake in shares of Ingram Micro by 1.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 48,618 shares of the company’s stock worth $1,038,000 after acquiring an additional 658 shares during the last quarter. CWM LLC boosted its stake in shares of Ingram Micro by 20.5% in the fourth quarter. CWM LLC now owns 4,144 shares of the company’s stock worth $88,000 after acquiring an additional 705 shares during the last quarter. Gotham Asset Management LLC boosted its stake in shares of Ingram Micro by 1.0% in the fourth quarter. Gotham Asset Management LLC now owns 77,662 shares of the company’s stock worth $1,657,000 after acquiring an additional 732 shares during the last quarter. Covestor Ltd boosted its stake in shares of Ingram Micro by 15.4% in the fourth quarter. Covestor Ltd now owns 5,669 shares of the company’s stock worth $121,000 after acquiring an additional 756 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Ingram Micro by 6.3% in the second quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock worth $284,000 after acquiring an additional 803 shares during the last quarter.
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.
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