Hsbc Holdings PLC Takes $3.69 Million Position in Ingram Micro Holding Corporation $INGM

Hsbc Holdings PLC acquired a new stake in shares of Ingram Micro Holding Corporation (NYSE:INGM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 135,115 shares of the company’s stock, valued at approximately $3,690,000.

A number of other hedge funds also recently bought and sold shares of INGM. Royal Bank of Canada boosted its position in Ingram Micro by 252.2% during the 1st quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock valued at $34,000 after acquiring an additional 1,054 shares in the last quarter. Allworth Financial LP bought a new position in shares of Ingram Micro in the 2nd quarter worth $35,000. Meeder Asset Management Inc. bought a new position in Ingram Micro in the second quarter worth about $44,000. Comerica Bank lifted its position in shares of Ingram Micro by 2,844.2% during the third quarter. Comerica Bank now owns 3,798 shares of the company’s stock valued at $82,000 after buying an additional 3,669 shares during the last quarter. Finally, CWM LLC grew its position in shares of Ingram Micro by 20.5% in the 4th quarter. CWM LLC now owns 4,144 shares of the company’s stock worth $88,000 after buying an additional 705 shares during the last quarter.

Analyst Upgrades and Downgrades

INGM has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “neutral” rating and set a $33.00 target price on shares of Ingram Micro in a research report on Friday, July 31st. Weiss Ratings cut Ingram Micro from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Morgan Stanley upped their target price on Ingram Micro from $27.50 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 23rd. Zacks Research downgraded Ingram Micro from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Finally, Truist Financial upped their price objective on shares of Ingram Micro from $29.00 to $31.00 and gave the company a “hold” rating in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $31.00.

Ingram Micro Stock Performance

Shares of INGM opened at $28.68 on Friday. 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 stock has a 50-day moving average of $28.31 and a two-hundred day moving average of $26.59. The stock has a market cap of $6.62 billion, a P/E ratio of 15.67, a P/E/G ratio of 0.70 and a beta of 1.75. Ingram Micro Holding Corporation has a one year low of $18.77 and a one year high of $31.69.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.82 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $13.85 billion. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, research analysts predict that Ingram Micro Holding Corporation will post 3.37 EPS for the current year.

Ingram Micro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were issued a $0.086 dividend. 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 1.2%. Ingram Micro’s dividend payout ratio is currently 18.58%.

Insider Buying and Selling

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 shares were sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the completion of the sale, the insider directly owned 177,466,319 shares in the company, valued at approximately $5,151,847,240.57. The trade was a 2.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Augusto Aragone sold 50,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the completion of the sale, the vice president directly owned 150,465 shares in the company, valued at $4,408,624.50. This trade represents a 24.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 valued at $151,765,013 over the last three months. 0.95% of the stock is currently owned by insiders.

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.