Voya Investment Management LLC Acquires New Position in Ingram Micro Holding Corporation $INGM

Key Points

• Voya Investment Management LLC acquired a new position in Ingram Micro Holding Corporation, purchasing 86,313 shares valued at approximately $1.53 million in the first quarter.
• Analysts have mixed ratings for Ingram Micro, with Morgan Stanley downgrading the stock while Wall Street Zen upgraded it to a "buy," resulting in an average rating of "Moderate Buy."
• Ingram Micro recently declared a quarterly dividend of $0.078 per share, reflecting a positive change from its previous dividend, and a current dividend yield of 1.5%.

Voya Investment Management LLC acquired a new position in shares of Ingram Micro Holding Corporation (NYSE:INGM - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 86,313 shares of the company's stock, valued at approximately $1,531,000.

Several other institutional investors have also modified their holdings of the stock. California State Teachers Retirement System purchased a new stake in shares of Ingram Micro during the 4th quarter worth approximately $26,000. CWM LLC acquired a new stake in Ingram Micro in the 1st quarter valued at about $26,000. GAMMA Investing LLC grew its stake in Ingram Micro by 5,873.5% in the 1st quarter. GAMMA Investing LLC now owns 4,062 shares of the company's stock valued at $720,000 after acquiring an additional 3,994 shares during the last quarter. Rhumbline Advisers grew its stake in Ingram Micro by 46.0% in the 1st quarter. Rhumbline Advisers now owns 12,843 shares of the company's stock valued at $228,000 after acquiring an additional 4,044 shares during the last quarter. Finally, Covestor Ltd purchased a new position in Ingram Micro in the 1st quarter valued at about $88,000.

Analyst Ratings Changes

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

Ingram Micro Trading Up 0.5%

NYSE:INGM opened at $21.12 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.39 and a quick ratio of 0.93. Ingram Micro Holding Corporation 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 $20.08 and its two-hundred day moving average is $19.30. The stock has a market cap of $4.96 billion and a PE ratio of 18.21.

Ingram Micro (NYSE:INGM - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $11.99 billion. As a group, equities research analysts forecast that Ingram Micro Holding Corporation will post 2.71 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were paid a $0.078 dividend. This represents a $0.31 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. This is a positive change from Ingram Micro's previous quarterly dividend of $0.08. Ingram Micro's dividend payout ratio (DPR) is presently 26.72%.

Ingram Micro 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.

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