Ingram Micro Holding Corp. Declares Quarterly Dividend

Ingram Micro Holding Corp. (NYSE:INGM) announced a quarterly dividend on Tuesday, March 4th. Stockholders who are on record as of Tuesday, March 11th, will receive a dividend of $0.074 per share, which will be paid out on Tuesday, March 25th. This equates to an annualized dividend of $0.30, offering a yield of 1.42%.

Ingram Micro Stock Performance

On the same day of the announcement, shares of Ingram Micro traded up by $0.13, reaching a price of $20.87. The trading volume for INGM stock was 645,863 shares, significantly higher than its average volume of 411,492 shares. Over the past year, the stock experienced a low of $18.90 and a high of $25.69. Currently, the company has a 50-day simple moving average of $21.98. Financial indicators include a debt-to-equity ratio of 0.93, a quick ratio of 0.96, and a current ratio of 1.40.

Ingram Micro last reported its earnings results on March 4th, revealing earnings per share (EPS) of $0.92 for the quarter, surpassing analysts' consensus estimates of $0.89 by $0.03. Analysts collectively anticipate that Ingram Micro will achieve an EPS of 2.71 for the current financial year.

Analyst Insights

Several analysts have recently provided their evaluations of Ingram Micro. BNP Paribas began coverage with a "neutral" rating, suggesting a target price of $25.00. Bank of America has also initiated coverage, giving the stock a "buy" rating with a price target of $30.00. Melius initiated coverage as well, assigning a "hold" rating with a target price of $26.00. Furthermore, on January 16th, Morgan Stanley upgraded its rating from "equal weight" to "overweight," increasing its price target from $25.00 to $27.00. Overall, five analysts rated Ingram Micro as a hold, while eleven gave it a buy rating. According to MarketBeat, the average rating for the stock is "Moderate Buy", and the average price target is $28.14.

About Ingram Micro

Ingram Micro is a major solutions provider in the global information technology (IT) ecosystem, helping numerous technology brands to thrive. The company offers extensive infrastructure, client and endpoint solutions, advanced solutions, and cloud-based offerings, facilitating enhancing operational efficiency for its business partners.

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