Analysts Set Ingram Micro Price Target at $25.11 Amid Strong Earnings

Shareholders of Ingram Micro Holding Corporation (NYSE: INGM) are receiving positive signals from analysts, who have established a consensus price target of $25.11. This recommendation comes from eleven research firms currently covering the company, according to data from Marketbeat. Of these analysts, five have assigned a hold rating, while six have issued a buy rating on the stock.

Several firms have recently updated their outlooks on Ingram Micro. Notably, Raymond James Financial revised its target price from $26.00 to $24.00, maintaining an “outperform” rating. Simultaneously, Zacks Research upgraded the company’s rating from “strong sell” to “hold.” On November 25, Weiss Ratings reaffirmed a “hold (c)” rating, whereas Wall Street Zen elevated its rating from “hold” to “buy” in early September.

Positive Earnings Report

Ingram Micro’s recent earnings report, released on October 30, 2023, demonstrated its robust financial health. The company reported earnings per share (EPS) of $0.72, surpassing analysts’ expectations of $0.67 by $0.05. Additionally, the firm generated $12.60 billion in revenue for the quarter, exceeding forecasts of $12.21 billion.

The company’s net margin stood at 0.57%, with a return on equity of 17.03%. Looking ahead, Ingram Micro has projected its Q4 2025 EPS guidance to fall between $0.850 and $0.950. Analysts predict that the company will achieve $2.71 in EPS for the current fiscal year.

Dividend Increase and Institutional Interest

On November 24, 2023, Ingram Micro announced a quarterly dividend of $0.08 per share, reflecting an increase from its previous dividend of the same amount. This dividend yields approximately 1.5% annually, with a payout ratio currently at 26.02%. The ex-dividend date was set for November 10, 2023.

Institutional trading activity has also been notable. Pullen Investment Management LLC increased its holdings in Ingram Micro by 36.1% during the second quarter, now owning 92,508 shares valued at $1.93 million. Other significant transactions include a new position acquired by AXQ Capital LP and a 16.8% increase in holdings by the Public Employees Retirement System of Ohio.

Ingram Micro continues to position itself as a leading solutions provider within the global information technology (IT) sector, catering to prominent technology brands. The company’s extensive infrastructure and focus on client solutions enable it to support business partners in scaling their operations effectively.