Diligent Investors LLC held its stake in Ingram Micro Inc. (NYSE:IM) during the second quarter, according to its most recent filing with the SEC. The fund owned 26,000 shares of the company’s stock at the end of the second quarter. Diligent Investors LLC’s holdings in Ingram Micro were worth $904,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Ingram Micro during the fourth quarter valued at about $49,239,000. Glenmede Trust Co. NA raised its position in shares of Ingram Micro by 1,196.2% in the first quarter. Glenmede Trust Co. NA now owns 16,890 shares of the company’s stock valued at $606,000 after buying an additional 15,587 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Ingram Micro by 5.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,526,923 shares of the company’s stock valued at $54,832,000 after buying an additional 80,857 shares in the last quarter. Teachers Advisors Inc. raised its position in shares of Ingram Micro by 7.6% in the first quarter. Teachers Advisors Inc. now owns 485,355 shares of the company’s stock valued at $17,429,000 after buying an additional 34,369 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in shares of Ingram Micro during the first quarter valued at about $5,429,000. Institutional investors own 83.72% of the company’s stock.
Ingram Micro Inc. (NYSE:IM) traded up 0.154% during mid-day trading on Tuesday, reaching $35.705. 1,028,901 shares of the company were exchanged. The stock has a 50-day moving average price of $34.86 and a 200 day moving average price of $34.88. Ingram Micro Inc. has a one year low of $26.44 and a one year high of $36.66. The company has a market capitalization of $5.34 billion, a PE ratio of 20.880 and a beta of 0.82.
Ingram Micro (NYSE:IM) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.12. The business had revenue of $10.10 billion for the quarter, compared to the consensus estimate of $9.67 billion. Ingram Micro had a net margin of 0.64% and a return on equity of 10.03%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS. Analysts predict that Ingram Micro Inc. will post $2.62 EPS for the current year.
IM has been the topic of a number of recent research reports. Jefferies Group reaffirmed a “hold” rating on shares of Ingram Micro in a research note on Thursday, September 8th. Zacks Investment Research raised shares of Ingram Micro from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Ingram Micro presently has a consensus rating of “Hold” and an average price target of $35.75.
About Ingram Micro
Ingram Micro Inc (Ingram Micro) is engaged in the distribution of information technology (IT) products, supply chain services and mobile device lifecycle services around the world. The Company distributes and markets technology products all over the world from the industry’s computer hardware suppliers, mobility hardware suppliers, software publishers, consumer electronics (CE), automatic identification and data capture (AIDC)/point-of-sale (POS), and physical security products.
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