Analysts Set Price Target of $25.11 for Ingram Micro Shares

Shares of Ingram Micro Holding Corporation (NYSE: INGM) are currently rated as a “Moderate Buy” by eleven research firms. This consensus reflects a mix of opinions, with five analysts recommending a hold and six suggesting a buy. The average target price for the stock is set at $25.11, as reported by Marketbeat.

Several analysts have adjusted their outlook on Ingram Micro in recent weeks. On August 7, 2023, Raymond James Financial lowered their target price from $26.00 to $24.00 while maintaining an “outperform” rating. Subsequently, Zacks Research upgraded the stock from a “strong sell” to a “hold” rating on August 22. Weiss Ratings reaffirmed a “hold (c)” rating on November 25, and Wall Street Zen raised its rating from “hold” to “buy” on September 5.

Ingram Micro recently announced its earnings results on October 30, 2023. The company reported earnings per share (EPS) of $0.72, exceeding analysts’ expectations of $0.67 by $0.05. Revenue for the quarter reached $12.60 billion, surpassing estimates of $12.21 billion. The firm reported a net margin of 0.57% and a return on equity of 17.03%. Looking ahead, Ingram Micro has projected its Q4 2025 EPS guidance between $0.850 and $0.950. Analysts forecast the company will achieve $2.71 EPS for the current fiscal year.

Dividend Announcement and Institutional Trading Activity

Ingram Micro has also declared a quarterly dividend of $0.08, which was paid on November 24, 2023. Shareholders who were on record as of November 10 received this dividend, marking a continuation of the previous quarter’s payout. This translates to an annualized dividend of $0.32 and a yield of 1.5%. The current dividend payout ratio stands at 26.02%.

Institutional trading activity has seen notable changes as well. During the second quarter of 2023, Pullen Investment Management LLC increased its stake in Ingram Micro by 36.1%, acquiring an additional 24,531 shares for a total of 92,508 shares, valued at approximately $1.93 million. AXQ Capital LP entered a new position in Ingram Micro during the same quarter, investing around $432,000. Additionally, Public Employees Retirement System of Ohio raised its holdings by 16.8%, now owning 6,369 shares valued at $133,000 after acquiring an extra 917 shares.

With these developments, Ingram Micro continues to solidify its position within the global information technology sector. The company remains a leading solutions provider, facilitating the operations of key technology brands through its extensive infrastructure and innovative offerings. As investors monitor the company’s performance and market trajectory, its latest financial results and strategic initiatives will likely influence further analyst evaluations and stock performance.