100,000 Shares in Ingram Micro Holding Corp. (NYSE:INGM) Purchased by LMR Partners LLP

LMR Partners LLP bought a new stake in shares of Ingram Micro Holding Corp. (NYSE:INGM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 100,000 shares of the company's stock, valued at approximately $1,939,000.

Other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of Ingram Micro during the 4th quarter worth $52,000. JPMorgan Chase & Co. bought a new stake in shares of Ingram Micro during the 4th quarter worth $37,793,000. Rhumbline Advisers bought a new stake in shares of Ingram Micro during the 4th quarter worth $171,000. Allspring Global Investments Holdings LLC bought a new stake in Ingram Micro in the 4th quarter valued at $17,432,000. Finally, Barclays PLC bought a new stake in Ingram Micro in the 4th quarter valued at $1,092,000.

Ingram Micro Price Performance

INGM traded down $0.45 during trading on Friday, reaching $20.43. 1,290,190 shares of the stock were exchanged, compared to its average volume of 431,786. Ingram Micro Holding Corp. has a twelve month low of $14.25 and a twelve month high of $25.69. The business's 50 day moving average price is $17.90. 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 (NYSE:INGM - Get Free Report) last issued its earnings results on Tuesday, March 4th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.01. The firm had revenue of $13.34 billion for the quarter, compared to analyst estimates of $13.21 billion. On average, research analysts forecast that Ingram Micro Holding Corp. will post 2.71 earnings per share for the current fiscal year.

Ingram Micro declared that its board has approved a share buyback program on Tuesday, March 4th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to purchase up to 1.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Ingram Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.076 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.49%. This is a boost from Ingram Micro's previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, May 20th.

Analyst Upgrades and Downgrades

INGM has been the subject of a number of research reports. The Goldman Sachs Group reduced their price target on shares of Ingram Micro from $29.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 9th. Evercore ISI lowered their price objective on shares of Ingram Micro from $27.00 to $26.00 and set an "in-line" rating for the company in a research report on Wednesday, March 5th. Morgan Stanley raised their price objective on shares of Ingram Micro from $18.00 to $23.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Loop Capital lowered their price objective on shares of Ingram Micro from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Finally, Jefferies Financial Group reduced their target price on shares of Ingram Micro from $28.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Ingram Micro currently has an average rating of "Moderate Buy" and an average target price of $25.79.

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.