XTX Topco Ltd purchased a new position in Ingram Micro Holding Corporation (NYSE:INGM – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 34,333 shares of the company’s stock, valued at approximately $716,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in shares of Ingram Micro by 124.9% in the first quarter. Wellington Management Group LLP now owns 3,128,110 shares of the company’s stock worth $55,493,000 after buying an additional 1,737,236 shares in the last quarter. American Century Companies Inc. increased its holdings in Ingram Micro by 24.0% in the 2nd quarter. American Century Companies Inc. now owns 2,859,753 shares of the company’s stock valued at $59,597,000 after acquiring an additional 552,620 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in Ingram Micro by 634.6% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,436,187 shares of the company’s stock worth $25,478,000 after purchasing an additional 1,240,675 shares in the last quarter. Lind Value II ApS bought a new position in shares of Ingram Micro during the 2nd quarter valued at about $24,995,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Ingram Micro by 3.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,012,843 shares of the company’s stock valued at $21,574,000 after purchasing an additional 37,464 shares in the last quarter.
Ingram Micro Price Performance
NYSE:INGM opened at $21.44 on Wednesday. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 0.84 and a beta of 2.36. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.41 and a quick ratio of 0.95. The business has a 50 day simple moving average of $21.43 and a 200-day simple moving average of $20.56. Ingram Micro Holding Corporation has a 1 year low of $14.25 and a 1 year high of $24.81.
Ingram Micro Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were paid a $0.08 dividend. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, November 10th. Ingram Micro’s payout ratio is currently 26.02%.
Analysts Set New Price Targets
A number of research firms recently commented on INGM. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingram Micro in a research report on Monday. Zacks Research raised Ingram Micro from a “strong sell” rating to a “hold” rating in a report on Friday, August 22nd. Raymond James Financial lowered their target price on Ingram Micro from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Ingram Micro from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.11.
View Our Latest Stock Report on INGM
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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