20,987 Shares in Ingram Micro Holding Corporation $INGM Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd invested approximately $372,000 in Ingram Micro, acquiring 20,987 shares of the company's stock during the first quarter.
• Ingram Micro's stock saw increased interest from institutional investors, with Wellington Management Group LLP and Alyeska Investment Group L.P. significantly boosting their stakes in the company in Q1.
• The company recently announced a quarterly dividend increase to $0.078, up from the previous $0.08, which reflects an annualized yield of 1.5%.

Dynamic Technology Lab Private Ltd bought a new position in shares of Ingram Micro Holding Corporation (NYSE:INGM - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,987 shares of the company's stock, valued at approximately $372,000.

A number of other institutional investors have also recently added to or reduced their stakes in INGM. Northern Trust Corp bought a new stake in Ingram Micro during the 4th quarter worth approximately $650,000. Bank of America Corp DE bought a new stake in Ingram Micro during the 4th quarter worth approximately $1,784,000. Cubist Systematic Strategies LLC bought a new stake in Ingram Micro during the 4th quarter worth approximately $80,000. Millennium Management LLC bought a new stake in shares of Ingram Micro in the 4th quarter valued at $7,648,000. Finally, Nuveen Asset Management LLC bought a new position in Ingram Micro during the fourth quarter worth $305,000.

Ingram Micro Price Performance

Ingram Micro stock traded up $0.14 during mid-day trading on Wednesday, hitting $20.86. 13,900 shares of the company traded hands, compared to its average volume of 366,083. Ingram Micro Holding Corporation has a one year low of $14.25 and a one year high of $25.69. The stock has a market cap of $4.90 billion and a price-to-earnings ratio of 18.01. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.93 and a current ratio of 1.39. The stock has a fifty day moving average price of $20.07 and a 200-day moving average price of $19.28.

Ingram Micro (NYSE:INGM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $11.99 billion. Ingram Micro had a net margin of 0.53% and a return on equity of 17.33%. On average, equities analysts predict that Ingram Micro Holding Corporation will post 2.71 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.078 per share. This represents a $0.31 annualized dividend and a dividend yield of 1.5%. This is a boost from Ingram Micro's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, August 19th. Ingram Micro's payout ratio is 26.72%.

Analyst Ratings Changes

Several research analysts recently issued reports on INGM shares. Wall Street Zen raised shares of Ingram Micro from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Raymond James Financial lowered their target price on shares of Ingram Micro from $26.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. JPMorgan Chase & Co. increased their target price on shares of Ingram Micro from $21.00 to $24.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Zacks Research upgraded shares of Ingram Micro from a "strong sell" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Morgan Stanley downgraded shares of Ingram Micro from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $23.00 to $22.00 in a report on Wednesday, June 11th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Ingram Micro presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.79.

Ingram Micro Company Profile

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.