Invenomic Capital Management LP Raises Holdings in Ingram Micro Holding Corporation $INGM

Invenomic Capital Management LP increased its stake in shares of Ingram Micro Holding Corporation (NYSE:INGM) by 17.3% in the 4th quarter, HoldingsChannel reports. The firm owned 1,090,563 shares of the company’s stock after buying an additional 161,231 shares during the quarter. Ingram Micro makes up 1.1% of Invenomic Capital Management LP’s portfolio, making the stock its 26th largest position. Invenomic Capital Management LP’s holdings in Ingram Micro were worth $23,273,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in Ingram Micro by 1.9% during the third quarter. American Century Companies Inc. now owns 2,914,724 shares of the company’s stock worth $62,637,000 after buying an additional 54,971 shares during the period. Crossingbridge Advisors LLC grew its holdings in Ingram Micro by 600.0% in the 3rd quarter. Crossingbridge Advisors LLC now owns 70,000 shares of the company’s stock valued at $1,504,000 after buying an additional 60,000 shares during the period. Hussman Strategic Advisors Inc. purchased a new stake in Ingram Micro in the 4th quarter valued at about $896,000. Comerica Bank increased its stake in shares of Ingram Micro by 1,566.3% during the 4th quarter. Comerica Bank now owns 63,286 shares of the company’s stock valued at $1,351,000 after acquiring an additional 59,488 shares during the last quarter. Finally, Lind Value II ApS lifted its holdings in shares of Ingram Micro by 10.1% during 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 during the period.

Analysts Set New Price Targets

A number of research firms recently issued reports on INGM. Wall Street Zen downgraded shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. William Blair reissued an “outperform” rating on shares of Ingram Micro in a research note on Tuesday, March 3rd. Evercore set a $26.00 price objective on Ingram Micro in a report on Monday, April 20th. Truist Financial increased their target price on Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Finally, Morgan Stanley boosted their price target on Ingram Micro from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Ingram Micro presently has an average rating of “Hold” and a consensus price target of $28.86.

Insider Buying and Selling at Ingram Micro

In related news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of Ingram Micro stock in a transaction on Monday, June 15th. The shares were sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Augusto Aragone sold 10,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. Following the completion of the transaction, the vice president owned 140,465 shares in the company, valued at $4,213,950. This represents a 6.65% decrease in their position. 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. Insiders have sold a total of 5,227,069 shares of company stock worth $151,765,013 in the last ninety days. 0.95% of the stock is currently owned by insiders.

Ingram Micro Stock Performance

Shares of NYSE:INGM opened at $28.48 on Thursday. The business’s 50-day simple moving average is $28.30 and its 200 day simple moving average is $24.17. The company has a market cap of $6.60 billion, a P/E ratio of 18.86, a PEG ratio of 0.85 and a beta of 1.78. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.31. Ingram Micro Holding Corporation has a one year low of $18.09 and a one year high of $31.69.

Ingram Micro (NYSE:INGM) last issued 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. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The company had revenue of $13.96 billion during the quarter, compared to the consensus estimate of $12.76 billion. The business’s revenue for the quarter 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. On average, sell-side analysts forecast that Ingram Micro Holding Corporation will post 3.27 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, May 26th. Investors of record on Tuesday, May 12th were paid a dividend of $0.084 per share. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.34 annualized dividend and a yield of 1.2%. Ingram Micro’s payout ratio is presently 22.52%.

Ingram Micro declared that its Board of Directors has approved a share repurchase plan on Monday, March 2nd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Ingram Micro 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.