State of Wisconsin Investment Board raised its position in shares of Ingram Micro Inc. (NYSE:IM) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,778 shares of the company’s stock after buying an additional 8,200 shares during the period. State of Wisconsin Investment Board’s holdings in Ingram Micro were worth $5,270,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Marshall Wace LLP increased its stake in Ingram Micro by 682.5% in the second quarter. Marshall Wace LLP now owns 2,246,908 shares of the company’s stock worth $78,147,000 after buying an additional 1,959,747 shares during the last quarter. GLG Partners LP increased its stake in Ingram Micro by 118.1% in the second quarter. GLG Partners LP now owns 1,604,244 shares of the company’s stock worth $55,795,000 after buying an additional 868,537 shares during the last quarter. Cowen Group Inc. increased its stake in Ingram Micro by 109.7% in the second quarter. Cowen Group Inc. now owns 1,471,207 shares of the company’s stock worth $51,169,000 after buying an additional 769,505 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Ingram Micro during the first quarter worth $20,013,000. Finally, Highbridge Capital Management LLC acquired a new stake in Ingram Micro during the second quarter worth $17,318,000. Institutional investors own 83.00% of the company’s stock.
Ingram Micro Inc. (NYSE:IM) traded down 0.63% during mid-day trading on Friday, hitting $38.14. 3,372,590 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $37.30 and its 200-day moving average price is $35.36. The stock has a market cap of $5.71 billion, a PE ratio of 21.05 and a beta of 0.76. Ingram Micro Inc. has a 12 month low of $26.44 and a 12 month high of $38.92.
Ingram Micro (NYSE:IM) last released its earnings results on Thursday, October 27th. The company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.07. Ingram Micro had a net margin of 0.67% and a return on equity of 10.00%. The firm earned $10.23 billion during the quarter, compared to the consensus estimate of $10.31 billion. During the same period in the prior year, the firm earned $0.67 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. Equities analysts expect that Ingram Micro Inc. will post $2.71 EPS for the current fiscal year.
A number of research analysts recently issued reports on IM shares. Jefferies Group reissued a “hold” rating on shares of Ingram Micro in a research note on Thursday, September 8th. Zacks Investment Research cut shares of Ingram Micro from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $37.50.
Ingram Micro Company Profile