Ingram Micro Holding Corp. (NYSE:INGM) Declares Quarterly Dividend

Ingram Micro Holding Corp. (NYSE:INGM) has officially announced a quarterly dividend on March 4th, as reported by RTT News. Shareholders who are on the record by March 11th will receive a dividend of $0.074 per share on March 25th. This reflects an annualized dividend of $0.30 and a yield of 1.42%.

Stock Performance of Ingram Micro

On the same day of the announcement, shares of INGM saw an increase, trading up by $0.13 to reach $20.87. The trading volume for the day was 645,863 shares, surpassing the average of 411,492. The stock has ranged from a fifty-two week low of $18.90 to a high of $25.69. Currently, Ingram Micro's 50-day simple moving average stands at $21.98. Each stockholder should consider the company’s debt-to-equity ratio of 0.93, a quick ratio of 0.96, and a current ratio of 1.40 while evaluating their investment.

On March 4th, Ingram Micro also released its earnings report, showing earnings per share (EPS) of $0.92 for the quarter. This figure exceeded analysts' expectations of $0.89, placing the company in a favorable light. Analysts forecast that Ingram Micro will achieve an EPS of 2.71 for the current year.

Changes in Analyst Ratings

Recently, several analysts have provided updates on Ingram Micro. For instance, on November 18th, BNP Paribas began their coverage with a "neutral" rating and a target price of $25.00. Bank of America also initiated coverage on the same day, assigning a "buy" rating with a price objective of $30.00. Furthermore, Melius provided coverage on the shares on November 26th, issuing a "hold" rating and setting a target price of $26.00. On the same day, they also upgraded the rating to "hold". Additionally, Morgan Stanley increased Ingram Micro's rating from "equal weight" to "overweight", adjusting their price target from $25.00 to $27.00 in a later report. Overall, five research analysts have rated the stock as a hold, while eleven have given it a buy recommendation. MarketBeat data indicates the average rating for the stock is "Moderate Buy", with an average price target of $28.14.

About Ingram Micro

Ingram Micro is recognized as a leading solutions provider in the global IT ecosystem, working to empower the world’s top technology brands. The company focuses on a diverse range of client and endpoint solutions, along with advanced and cloud-based solutions. By leveraging its extensive infrastructure, Ingram Micro assists its business partners in optimizing both scaling and operational efficiency in the markets they engage.

dividend, stocks, earnings