Ingram Micro Holding Corporation (NYSE:INGM) Position Increased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of Ingram Micro Holding Corporation (NYSE:INGM - Free Report) by 32.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,649,880 shares of the company's stock after purchasing an additional 889,075 shares during the quarter. Victory Capital Management Inc. owned 1.55% of Ingram Micro worth $64,749,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System acquired a new position in shares of Ingram Micro in the fourth quarter worth $26,000. CWM LLC acquired a new position in shares of Ingram Micro in the first quarter worth $26,000. Wells Fargo & Company MN acquired a new position in shares of Ingram Micro in the fourth quarter worth $45,000. Cohen & Steers Inc. acquired a new position in shares of Ingram Micro in the fourth quarter worth $48,000. Finally, Tower Research Capital LLC TRC acquired a new position in Ingram Micro in the fourth quarter valued at $52,000.

Ingram Micro Trading Down 0.3%

Shares of INGM stock traded down $0.06 during trading hours on Friday, reaching $20.67. The company had a trading volume of 351,148 shares, compared to its average volume of 412,763. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.40 and a quick ratio of 0.95. Ingram Micro Holding Corporation has a twelve month low of $14.25 and a twelve month high of $25.69. The stock's fifty day simple moving average is $20.15 and its 200 day simple moving average is $19.98.

Ingram Micro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were issued a $0.076 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.30 dividend on an annualized basis and a yield of 1.47%. This is an increase from Ingram Micro's previous quarterly dividend of $0.07.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen upgraded Ingram Micro from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 12th. Morgan Stanley lowered Ingram Micro from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $23.00 to $22.00 in a research note on Wednesday, June 11th. Jefferies Financial Group dropped their target price 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. JPMorgan Chase & Co. upped their target price on Ingram Micro from $21.00 to $24.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, The Goldman Sachs Group dropped their target price on Ingram Micro from $29.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.93.

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.