15,727 Shares in Ingram Micro Holding Corp. (NYSE:INGM) Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC purchased a new position in shares of Ingram Micro Holding Corp. (NYSE:INGM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,727 shares of the company's stock, valued at approximately $305,000.

A number of other large investors also recently modified their holdings of INGM. Maytus Capital Management LLC bought a new stake in shares of Ingram Micro during the 4th quarter worth approximately $1,551,000. Millennium Management LLC bought a new position in shares of Ingram Micro in the fourth quarter valued at $7,648,000. LMR Partners LLP acquired a new position in Ingram Micro during the fourth quarter worth $1,939,000. Invenomic Capital Management LP bought a new stake in Ingram Micro during the fourth quarter worth $12,284,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Ingram Micro during the fourth quarter worth $80,000.

Ingram Micro Price Performance

Shares of INGM stock traded up $0.38 on Friday, hitting $20.06. The company's stock had a trading volume of 165,955 shares, compared to its average volume of 416,971. Ingram Micro Holding Corp. has a fifty-two week low of $14.25 and a fifty-two week high of $25.69. The stock's 50 day moving average is $18.12 and its 200-day moving average is $20.20. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93.

Ingram Micro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were given a dividend of $0.076 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Tuesday, May 20th. This is a positive change from Ingram Micro's previous quarterly dividend of $0.07.

Ingram Micro announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 4th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to purchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

INGM has been the topic of several recent analyst reports. Bank of America lowered their price objective on shares of Ingram Micro from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Raymond James lowered their price target on Ingram Micro from $28.00 to $26.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 5th. Jefferies Financial Group dropped their price objective on Ingram Micro from $28.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Royal Bank of Canada raised their price objective on Ingram Micro from $26.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, February 21st. Finally, Morgan Stanley boosted their target price on Ingram Micro from $18.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Ingram Micro currently has an average rating of "Moderate Buy" and an average price target of $25.79.

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.