November 30, 2016 - By Ellis Scott · 0 Comments
Ingram Micro Inc (NYSE:IM) institutional sentiment increased to 0.91 in 2016 Q2. Its up 0.04, from 0.87 in 2016Q1. The ratio is more positive, as 138 hedge funds started new or increased equity positions, while 159 sold and trimmed stakes in Ingram Micro Inc. The hedge funds in our partner’s database now own: 123.03 million shares, down from 136.13 million shares in 2016Q1. Also, the number of hedge funds holding Ingram Micro Inc in their top 10 equity positions increased from 7 to 18 for an increase of 11. Sold All: 44 Reduced: 115 Increased: 104 New Position: 34.
Ingram Micro Inc. is engaged in the distribution of information technology (IT) products, supply chain services and mobile device lifecycle services around the world. The company has a market cap of $5.46 billion. The Firm distributes and markets technology products all over the world from the industry’s computer hardware suppliers, mobility hardware suppliers, software publishers, consumer electronics (CE), automatic identification and data capture (AIDC)/point-of-sale (POS), and physical security products. It has a 20.47 P/E ratio. It has activities in approximately 45 countries.
About 589,266 shares traded hands. Ingram Micro Inc. (NYSE:IM) has risen 5.67% since April 27, 2016 and is uptrending. It has outperformed by 0.45% the S&P500.
Analysts await Ingram Micro Inc. (NYSE:IM) to report earnings on February, 23. They expect $1.06 earnings per share, up 4.95% or $0.05 from last year’s $1.01 per share. IM’s profit will be $155.46 million for 8.78 P/E if the $1.06 EPS becomes a reality. After $0.71 actual earnings per share reported by Ingram Micro Inc. for the previous quarter, Wall Street now forecasts 49.30% EPS growth.
According to Zacks Investment Research, “Ingram Micro, Inc. is one of the leading distributors of information technology products and services worldwide. The company markets computer hardware, networking equipment, and software products to reseller customers in numerous countries. The company also provides logistics and fulfillment services to vendor and reseller customers.”
Segantii Capital Management Ltd holds 16.62% of its portfolio in Ingram Micro Inc. for 438,981 shares. Breithorn Capital Management owns 259,320 shares or 6.89% of their US portfolio. Moreover, Odey Asset Management Group Ltd has 6.08% invested in the company for 1.96 million shares. The New York-based Donald Smith & Co. Inc. has invested 5.38% in the stock. Sandell Asset Management Corp, a New York-based fund reported 528,370 shares.#img1#
Ratings analysis reveals 0 of Ingram Micro’s analysts are positive. Out of 3 Wall Street analysts rating Ingram Micro, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $30 while the high is $35.0. The stock’s average target of $32.67 is -12.25% below today’s ($37.23) share price. IM was included in 7 notes of analysts from August 3, 2015. The rating was downgraded by Raymond James to “Mkt Perform” on Friday, February 19. The firm has “Hold” rating given on Thursday, February 18 by Needham. As per Monday, November 2, the company rating was maintained by Needham. Needham maintained it with “Buy” rating and $35.0 target price in Thursday, October 15 report. The stock of Ingram Micro Inc. (NYSE:IM) earned “Neutral” rating by Citigroup on Thursday, February 18.
Ingram Micro Inc. (Ingram Micro), incorporated on April 29, 1996, is engaged in the distribution of information technology (IT) products, supply chain services and mobile device lifecycle services around the world. The Firm distributes and markets technology products all over the world from the industry’s computer hardware suppliers, mobility hardware suppliers, networking equipment suppliers, software publishers, and other suppliers of computer peripherals, consumer electronics (CE), unified communication and collaboration, automatic identification and data capture (AIDC)/point-of-sale (POS), and physical security products. The Firm has activities in approximately 40 countries.
Another recent and important Ingram Micro Inc. (NYSE:IM) news was published by Forbes.com which published an article titled: “Ingram Micro Reaches Analyst Target Price” on November 01, 2016.
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By Ellis Scott