Ingram Micro (NYSE:INGM) Sees Unusually-High Trading Volume – Here’s Why

Ingram Micro Holding Corporation (NYSE:INGMGet Free Report) saw unusually-strong trading volume on Friday . Approximately 1,702,977 shares changed hands during mid-day trading, an increase of 40% from the previous session’s volume of 1,220,728 shares.The stock last traded at $27.32 and had previously closed at $26.37.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on INGM shares. Wall Street Zen lowered Ingram Micro from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. Zacks Research lowered shares of Ingram Micro from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. raised shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price objective for the company in a research note on Wednesday, May 27th. Morgan Stanley lifted their price objective on shares of Ingram Micro from $27.50 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ingram Micro in a research note on Monday, August 31st. They set a “hold” rating and a $30.00 target price on the stock. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Ingram Micro presently has an average rating of “Hold” and an average target price of $30.88.

View Our Latest Stock Analysis on Ingram Micro

Ingram Micro Stock Up 3.7%

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 1.31. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 0.68 and a beta of 1.74. The business has a 50-day simple moving average of $28.39 and a 200-day simple moving average of $27.03.

Ingram Micro (NYSE:INGMGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%.The business had revenue of $14.53 billion during the quarter, compared to the consensus estimate of $13.85 billion. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, equities analysts anticipate that Ingram Micro Holding Corporation will post 3.37 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.086 per share. This is a boost from Ingram Micro’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, August 11th. This represents a $0.34 annualized dividend and a yield of 1.3%. Ingram Micro’s dividend payout ratio (DPR) is presently 18.58%.

Insider Buying and Selling

In other Ingram Micro news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $29.03, for a total value of $150,000,013.07. Following the sale, the insider directly owned 177,466,319 shares of the company’s stock, valued at approximately $5,151,847,240.57. This represents a 2.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Augusto Aragone sold 10,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the completion of the sale, the vice president owned 140,465 shares in the company, valued at $4,213,950. The trade was a 6.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.95% of the company’s stock.

Institutional Investors Weigh In On Ingram Micro

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of Ingram Micro by 252.2% during the first quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock worth $34,000 after purchasing an additional 1,054 shares in the last quarter. Allworth Financial LP acquired a new stake in Ingram Micro during the 2nd quarter worth $35,000. Integrated Wealth Concepts LLC purchased a new position in shares of Ingram Micro during the second quarter worth about $38,000. Meeder Asset Management Inc. acquired a new position in Ingram Micro in the 2nd quarter valued at about $44,000. Finally, Comerica Bank raised its stake in 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 last quarter.

About Ingram Micro

(Get Free Report)

Ingram Micro Inc is a global technology distributor and provider of technology services. The company connects technology manufacturers with businesses, resellers, systems integrators, managed service providers and other channel partners. Its offerings span cloud and platform services, cybersecurity, data center and infrastructure products, networking, endpoint devices, software, peripherals and other information technology solutions.

In addition to distributing products, Ingram Micro provides logistics, supply-chain management, financing, configuration, integration, lifecycle management and professional services.

Further Reading

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