Watershed Asset Management L.L.C. Buys New Holdings in Ingram Micro Holding Corporation $INGM

Watershed Asset Management L.L.C. purchased a new position in Ingram Micro Holding Corporation (NYSE:INGM) in the first quarter, Holdings Channel reports. The fund purchased 20,184 shares of the company’s stock, valued at approximately $470,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. raised its holdings in shares of Ingram Micro by 1.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 48,618 shares of the company’s stock valued at $1,038,000 after purchasing an additional 658 shares in the last quarter. CWM LLC lifted its position in shares of Ingram Micro by 20.5% during the 4th quarter. CWM LLC now owns 4,144 shares of the company’s stock worth $88,000 after purchasing an additional 705 shares during the last quarter. Gotham Asset Management LLC grew its stake in shares of Ingram Micro by 1.0% during the fourth quarter. Gotham Asset Management LLC now owns 77,662 shares of the company’s stock worth $1,657,000 after purchasing an additional 732 shares in the last quarter. Covestor Ltd grew its stake in shares of Ingram Micro by 15.4% during the fourth quarter. Covestor Ltd now owns 5,669 shares of the company’s stock worth $121,000 after purchasing an additional 756 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Ingram Micro by 6.3% in the second quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock valued at $284,000 after buying an additional 803 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on the company. The Goldman Sachs Group lifted their price target on Ingram Micro from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Evercore set a $26.00 target price on Ingram Micro in a research report on Monday, April 20th. Raymond James Financial restated an “outperform” rating and set a $34.00 target price on shares of Ingram Micro in a research note on Friday, May 1st. Finally, Truist Financial increased their price target on shares of Ingram Micro from $25.00 to $29.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.29.

Insider Transactions at Ingram Micro

In other Ingram Micro news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of Ingram Micro stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the transaction, the insider owned 177,466,319 shares of the company’s stock, valued at $5,151,847,240.57. The trade was a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Augusto Aragone sold 10,000 shares of the business’s stock in a transaction that occurred on 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 represents a 6.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 5,227,069 shares of company stock valued at $151,765,013. Insiders own 0.95% of the company’s stock.

Ingram Micro Price Performance

Shares of NYSE:INGM opened at $29.25 on Friday. The company’s fifty day moving average price is $27.89 and its 200 day moving average price is $25.05. Ingram Micro Holding Corporation has a 12 month low of $18.09 and a 12 month high of $31.69. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.93. The firm has a market capitalization of $6.78 billion, a P/E ratio of 19.37, a P/E/G ratio of 0.83 and a beta of 1.78.

Ingram Micro (NYSE:INGM) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. The company had revenue of $13.96 billion during the quarter, compared to the consensus estimate of $12.76 billion. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The business’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, sell-side analysts predict that Ingram Micro Holding Corporation will post 3.28 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were issued a $0.084 dividend. This represents a $0.34 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, May 12th. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s dividend payout ratio (DPR) is presently 22.52%.

About Ingram Micro

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.