Ingram Micro Holding Corporation $INGM Shares Purchased by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. significantly increased its stake in Ingram Micro by 634.6%, owning over 1.4 million shares valued at approximately $25.5 million after purchasing more than 1.2 million shares in the first quarter.
• Ingram Micro reported earnings of $0.61 per share for the last quarter, exceeding the consensus estimate, alongside a revenue of $12.79 billion, which also surpassed expectations.
• The company declared a quarterly dividend of $0.078 per share, marking a slight reduction from the previous dividend, representing a 1.6% yield with a payout ratio of 26.72%.

Alyeska Investment Group L.P. raised its position in Ingram Micro Holding Corporation (NYSE:INGM - Free Report) by 634.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,436,187 shares of the company's stock after purchasing an additional 1,240,675 shares during the period. Alyeska Investment Group L.P. owned 0.61% of Ingram Micro worth $25,478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California State Teachers Retirement System acquired a new stake in Ingram Micro during the 4th quarter worth $26,000. CWM LLC acquired a new stake in Ingram Micro during the 1st quarter worth $26,000. Wells Fargo & Company MN acquired a new stake in Ingram Micro during the 4th quarter worth $45,000. Tower Research Capital LLC TRC acquired a new stake in Ingram Micro during the 4th quarter worth $52,000. Finally, GAMMA Investing LLC boosted its stake in Ingram Micro by 5,873.5% during the 1st quarter. GAMMA Investing LLC now owns 4,062 shares of the company's stock worth $720,000 after purchasing an additional 3,994 shares during the last quarter.

Ingram Micro Trading Up 1.0%

Shares of NYSE:INGM traded up $0.20 during midday trading on Wednesday, reaching $20.64. 39,193 shares of the company's stock were exchanged, compared to its average volume of 369,830. Ingram Micro Holding Corporation has a fifty-two week low of $14.25 and a fifty-two week high of $25.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.39 and a quick ratio of 0.93. The firm's 50 day simple moving average is $20.09 and its two-hundred day simple moving average is $19.32. The stock has a market cap of $4.85 billion and a price-to-earnings ratio of 17.79.

Ingram Micro (NYSE:INGM - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. Ingram Micro had a return on equity of 17.33% and a net margin of 0.53%.The company had revenue of $12.79 billion during the quarter, compared to analysts' expectations of $11.99 billion. As a group, sell-side analysts forecast that Ingram Micro Holding Corporation will post 2.71 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a $0.078 dividend. 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. This represents a $0.31 dividend on an annualized basis and a dividend yield of 1.5%. Ingram Micro's payout ratio is currently 26.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on INGM shares. Wall Street Zen upgraded Ingram Micro from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Raymond James Financial reduced their price objective on Ingram Micro from $26.00 to $24.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Morgan Stanley downgraded Ingram Micro from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $23.00 to $22.00 in a research report on Wednesday, June 11th. Zacks Research upgraded Ingram Micro from a "strong sell" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Ingram Micro from $21.00 to $24.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.