Allspring Global Investments Holdings LLC Raises Stock Holdings in Ingram Micro Holding Corporation $INGM

Allspring Global Investments Holdings LLC grew its stake in shares of Ingram Micro Holding Corporation (NYSE:INGM) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,013,601 shares of the company’s stock after acquiring an additional 25,266 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.44% of Ingram Micro worth $24,580,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake 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 buying an additional 673,840 shares during the last quarter. River Road Asset Management LLC increased its position in Ingram Micro by 87.0% during the fourth quarter. River Road Asset Management LLC now owns 1,332,690 shares of the company’s stock valued at $28,440,000 after acquiring an additional 620,147 shares during the last quarter. Wellington Management Group LLP increased its position in Ingram Micro by 26.4% during the fourth quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company’s stock valued at $56,834,000 after acquiring an additional 556,931 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Ingram Micro by 157.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 789,266 shares of the company’s stock valued at $16,843,000 after acquiring an additional 482,723 shares during the period. Finally, Norges Bank purchased a new position in Ingram Micro in the fourth quarter worth about $8,536,000.

Insider Activity at Ingram Micro

In other news, VP Augusto Aragone sold 50,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $29.30, for a total value of $1,465,000.00. Following the transaction, the vice president owned 150,465 shares of the company’s stock, valued at approximately $4,408,624.50. The trade was a 24.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the company’s stock in a transaction 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 approximately $5,151,847,240.57. This represents a 2.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,227,069 shares of company stock valued at $151,765,013 over the last 90 days. 0.95% of the stock is currently owned by corporate insiders.

Ingram Micro Stock Performance

Shares of NYSE INGM opened at $28.46 on Tuesday. The stock has a market cap of $6.59 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 0.85 and a beta of 1.78. Ingram Micro Holding Corporation has a 1 year low of $18.09 and a 1 year high of $31.69. The firm has a fifty day moving average price of $27.92 and a 200-day moving average price of $25.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.93.

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 analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $13.96 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. Equities analysts anticipate that Ingram Micro Holding Corporation will post 3.29 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

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

Analyst Ratings Changes

INGM has been the subject of several recent research reports. The Goldman Sachs Group boosted their target price on shares of Ingram Micro from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. upgraded shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price target on the stock in a research note on Wednesday, May 27th. Royal Bank Of Canada boosted their price objective on shares of Ingram Micro from $24.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Evercore set a $26.00 price objective on Ingram Micro in a research note on Monday, April 20th. Finally, Weiss Ratings raised Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.29.

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.