Augusto Aragone Sells 50,000 Shares of Ingram Micro (NYSE:INGM) Stock

Ingram Micro Holding Corporation (NYSE:INGM) VP Augusto Aragone sold 50,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $29.30, for a total value of $1,465,000.00. Following the completion of the sale, the vice president directly owned 150,465 shares of the company’s stock, valued at $4,408,624.50. This trade represents a 24.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Augusto Aragone also recently made the following trade(s):

• On Monday, June 15th, Augusto Aragone sold 10,000 shares of Ingram Micro stock. The stock was sold at an average price of $30.00, for a total value of $300,000.00.

Ingram Micro Stock Down 2.0%

Shares of NYSE:INGM opened at $28.48 on Thursday. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 0.85 and a beta of 1.78. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $28.30 and a 200 day moving average price of $24.17. Ingram Micro Holding Corporation has a 12-month low of $18.09 and a 12-month high of $31.69.

Ingram Micro (NYSE:INGM) last released its earnings results on Thursday, April 30th. The company reported $0.75 earnings per share 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 return on equity of 17.19% and a net margin of 0.66%.Ingram Micro’s quarterly revenue was up 13.7% on a year-over-year basis. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. Sell-side analysts expect that Ingram Micro Holding Corporation will post 3.27 EPS for the current year.

Ingram Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were given a dividend of $0.084 per share. This is a boost from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, May 12th. Ingram Micro’s dividend payout ratio is presently 22.52%.

Ingram Micro announced that its board has authorized a stock repurchase program on Monday, March 2nd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms recently weighed in on INGM. 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. Royal Bank Of Canada upped their price target on Ingram Micro from $24.00 to $33.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Truist Financial upped their price objective on Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. The Goldman Sachs Group upped their price objective on Ingram Micro from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen lowered Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.86.

Hedge Funds Weigh In On Ingram Micro

A number of large investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Ingram Micro by 27.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company’s stock worth $66,719,000 after purchasing an additional 673,840 shares during the period. American Century Companies Inc. grew its stake in Ingram Micro by 1.9% during the 3rd quarter. American Century Companies Inc. now owns 2,914,724 shares of the company’s stock valued at $62,637,000 after purchasing an additional 54,971 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Ingram Micro by 26.4% in the 4th quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company’s stock worth $56,834,000 after acquiring an additional 556,931 shares in the last quarter. Capital World Investors grew its position in shares of Ingram Micro by 12.9% in the 4th quarter. Capital World Investors now owns 2,642,029 shares of the company’s stock worth $56,381,000 after acquiring an additional 302,858 shares in the last quarter. Finally, Lind Value II ApS grew its position in shares of Ingram Micro by 10.1% in the 4th quarter. Lind Value II ApS now owns 2,419,546 shares of the company’s stock worth $51,633,000 after acquiring an additional 220,979 shares in the last quarter.

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.