Analysts Set Ingram Micro Holding Corporation (NYSE:INGM) PT at $24.44

Shares of Ingram Micro Holding Corporation (NYSE:INGM) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $24.4444.

A number of brokerages have recently weighed in on INGM. Morgan Stanley dropped their price objective on shares of Ingram Micro from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingram Micro in a report on Monday, December 29th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $24.00 target price on shares of Ingram Micro in a research report on Monday, December 15th. Wall Street Zen downgraded Ingram Micro from a “buy” rating to a “hold” rating in a research report on Monday. Finally, The Goldman Sachs Group downgraded shares of Ingram Micro from a “strong-buy” rating to a “neutral” rating and set a $24.00 target price for the company. in a research report on Tuesday, January 13th.

Ingram Micro Stock Down 0.2%

INGM stock opened at $21.25 on Friday. The stock has a market cap of $4.99 billion, a P/E ratio of 17.27, a PEG ratio of 0.76 and a beta of 2.32. Ingram Micro has a twelve month low of $14.25 and a twelve month high of $24.81. The company’s 50 day moving average is $21.45 and its two-hundred day moving average is $21.00. The company has a current ratio of 1.41, a quick ratio of 0.95 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 for the quarter, topping the consensus estimate of $0.67 by $0.05. Ingram Micro had a return on equity of 17.03% and a net margin of 0.57%.The firm had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.21 billion. Ingram Micro has set its Q4 2025 guidance at 0.850-0.950 EPS. Research analysts expect that Ingram Micro will post 2.71 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

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

Institutional Investors Weigh In On Ingram Micro

Institutional investors have recently modified their holdings of the stock. Synergy Asset Management LLC acquired a new position in shares of Ingram Micro in the 3rd quarter worth approximately $2,262,000. Pullen Investment Management LLC grew its holdings in shares of Ingram Micro by 36.1% during the second quarter. Pullen Investment Management LLC now owns 92,508 shares of the company’s stock valued at $1,928,000 after buying an additional 24,531 shares in the last quarter. AXQ Capital LP acquired a new stake in Ingram Micro during the 2nd quarter worth about $432,000. Public Employees Retirement System of Ohio increased its holdings in shares of Ingram Micro by 16.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,369 shares of the company’s stock valued at $133,000 after purchasing an additional 917 shares during the period. Finally, Lind Value II ApS acquired a new stake in shares of Ingram Micro in the second quarter worth about $24,995,000.

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.