47,631 Shares in Ingram Micro Holding Corp. (NYSE:INGM) Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new position in Ingram Micro Holding Corp. (NYSE:INGM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,631 shares of the company's stock, valued at approximately $924,000.

Several other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN purchased a new position in shares of Ingram Micro in the 4th quarter worth about $45,000. Cohen & Steers Inc. acquired a new stake in shares of Ingram Micro in the fourth quarter worth $48,000. Tower Research Capital LLC TRC purchased a new stake in Ingram Micro during the 4th quarter worth $52,000. Russell Investments Group Ltd. acquired a new stake in Ingram Micro in the 4th quarter valued at $120,000. Finally, Rhumbline Advisers acquired a new position in shares of Ingram Micro during the fourth quarter worth about $171,000.

Ingram Micro Stock Performance

NYSE:INGM traded up $0.61 on Monday, hitting $19.82. 54,499 shares of the stock were exchanged, compared to its average volume of 424,129. 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 Holding Corp. has a 52 week low of $14.25 and a 52 week high of $25.69. The business has a 50-day moving average of $17.78.

Ingram Micro (NYSE:INGM - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.01. The company had revenue of $13.34 billion during the quarter, compared to the consensus estimate of $13.21 billion. Equities analysts predict that Ingram Micro Holding Corp. will post 2.71 earnings per share for the current year.

Ingram Micro declared that its board has approved a share buyback plan on Tuesday, March 4th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to buy up to 1.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th will be issued a $0.076 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.53%. This is a boost from Ingram Micro's previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, May 20th.

Wall Street Analysts Forecast Growth

INGM has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on Ingram Micro from $29.00 to $25.00 and set a "buy" rating on the stock in a report on Friday. Jefferies Financial Group reduced their price objective on Ingram Micro from $28.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Evercore ISI reduced 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. Loop Capital lowered their target price on Ingram Micro from $30.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. Finally, Morgan Stanley boosted their price target on Ingram Micro from $18.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.