Allspring Global Investments Holdings LLC Purchases 94,979 Shares of Ingram Micro Holding Corporation (NYSE:INGM)

Allspring Global Investments Holdings LLC increased its holdings in shares of Ingram Micro Holding Corporation (NYSE:INGM - Free Report) by 10.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 975,379 shares of the company's stock after purchasing an additional 94,979 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.42% of Ingram Micro worth $17,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital World Investors bought a new stake in shares of Ingram Micro in the fourth quarter worth about $68,295,000. Victory Capital Management Inc. purchased a new position in Ingram Micro during the 4th quarter valued at approximately $53,532,000. JPMorgan Chase & Co. bought a new stake in Ingram Micro in the 4th quarter worth approximately $37,793,000. American Century Companies Inc. purchased a new stake in shares of Ingram Micro during the 4th quarter worth approximately $36,268,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Ingram Micro during the 4th quarter valued at approximately $30,683,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on INGM shares. Loop Capital decreased their price target on shares of Ingram Micro from $30.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. Morgan Stanley downgraded shares of Ingram Micro from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $23.00 to $22.00 in a report on Wednesday, June 11th. JPMorgan Chase & Co. increased their price target on shares of Ingram Micro from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Friday, May 9th. The Goldman Sachs Group reduced their price objective on Ingram Micro from $29.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Jefferies Financial Group lowered their price objective on Ingram Micro from $28.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Ingram Micro has a consensus rating of "Moderate Buy" and an average price target of $25.71.

Ingram Micro Stock Performance

Shares of NYSE:INGM traded up $0.13 on Friday, hitting $21.84. 140,395 shares of the company's stock were exchanged, compared to its average volume of 410,879. Ingram Micro Holding Corporation has a 12 month low of $14.25 and a 12 month high of $25.69. The company has a quick ratio of 0.95, a current ratio of 1.40 and a debt-to-equity ratio of 0.78. The business's 50 day simple moving average is $19.74 and its two-hundred day simple moving average is $19.93.

Ingram Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were given a $0.076 dividend. This represents a $0.30 annualized dividend and a yield of 1.39%. This is a boost from Ingram Micro's previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, May 20th.

About Ingram Micro

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world's leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.