Ingram Micro Holding Corporation (INGM) To Go Ex-Dividend on November 9th

Ingram Micro Holding Corporation (NYSE:INGM) declared a quarterly dividend on Monday, October 26th. Stockholders of record on Monday, November 9th will be paid a dividend of $0.0880 per share on Monday, November 23rd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, November 9th. This is a 2.3% increase from Ingram Micro’s previous quarterly dividend of $0.0860.

Ingram Micro Trading Up 4.2%

Shares of INGM opened at $25.45 on Friday. Ingram Micro has a twelve month low of $19.03 and a twelve month high of $31.69. The stock has a market capitalization of $5.86 billion, a P/E ratio of 7.84, a PEG ratio of 0.62 and a beta of 1.69. The firm has a fifty day simple moving average of $27.31 and a two-hundred day simple moving average of $26.45. The company has a quick ratio of 0.88, a current ratio of 1.31 and a debt-to-equity ratio of 0.65.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.13. The firm had revenue of $15.22 billion during the quarter, compared to the consensus estimate of $13.83 billion. Ingram Micro had a net margin of 0.79% and a return on equity of 18.76%. During the same quarter in the previous year, the firm posted $0.72 earnings per share. On average, research analysts anticipate that Ingram Micro will post 3.56 EPS for the current year.

Insider Buying and Selling at Ingram Micro

In other news, major shareholder Platinum Equity, Llc sold 1,968,750 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $27.19, for a total transaction of $53,530,312.50. Following the sale, the insider directly owned 162,372,569 shares of the company’s stock, valued at approximately $4,414,910,151.11. This represents a 1.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.95% of the stock is currently owned by corporate insiders.

Institutional Trading of Ingram Micro

A number of institutional investors have recently made changes to their positions in INGM. Platinum Equity Advisors LLC DE acquired a new stake in shares of Ingram Micro during the second quarter worth $4,867,901,130. Amundi increased its position in Ingram Micro by 453.0% during the second quarter. Amundi now owns 395,709 shares of the company’s stock worth $10,854,000 after acquiring an additional 324,152 shares during the period. Bank of America Corp DE bought a new position in shares of Ingram Micro during the 2nd quarter worth approximately $18,940,000. Engineers Gate Manager LP bought a new stake in Ingram Micro during the second quarter worth about $1,628,000. Finally, Man Group plc purchased a new stake in Ingram Micro in the 2nd quarter worth approximately $1,389,000.

Ingram Micro Company Profile

Ingram Micro Inc is a global technology distribution and services company that connects technology manufacturers with businesses, resellers, systems integrators and other channel partners. Its portfolio includes hardware, software, cloud solutions, cybersecurity products, networking equipment, data-center technologies and communications solutions.

The company also provides value-added services such as cloud marketplace management, device lifecycle services, logistics, fulfillment, financing support, technical assistance and professional services.