Shares of Ingram Micro Inc. (NYSE:IM) traded down 1.5% during trading on Monday . The company traded as low as $35.09 and last traded at $35.10, with a volume of 1,004,082 shares trading hands. The stock had previously closed at $35.64.

Separately, Zacks Investment Research upgraded shares of Ingram Micro from a “sell” rating to a “hold” rating in a research report on Monday, July 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Ingram Micro currently has an average rating of “Hold” and a consensus target price of $33.50.

The company has a market capitalization of $5.21 billion and a PE ratio of 31.35. The firm has a 50-day moving average price of $34.96 and a 200 day moving average price of $33.59.

Ingram Micro (NYSE:IM) last issued its earnings results on Friday, April 29th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.18. The business had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.95 billion. Ingram Micro’s quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. On average, equities research analysts predict that Ingram Micro Inc. will post $2.49 earnings per share for the current year.

Several institutional investors have modified their holdings of the company. Cornerstone Capital Management Holdings LLC. raised its position in shares of Ingram Micro by 131.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 823,649 shares of the company’s stock worth $25,022,000 after buying an additional 467,238 shares during the period. California Public Employees Retirement System raised its position in shares of Ingram Micro by 6.8% in the fourth quarter. California Public Employees Retirement System now owns 510,533 shares of the company’s stock worth $15,510,000 after buying an additional 32,500 shares during the period. Aberdeen Asset Management PLC UK raised its position in shares of Ingram Micro by 6.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 45,395 shares of the company’s stock worth $1,328,000 after buying an additional 2,885 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of Ingram Micro during the fourth quarter worth approximately $3,443,000. Finally, Monarch Partners Asset Management LLC raised its position in shares of Ingram Micro by 16.5% in the fourth quarter. Monarch Partners Asset Management LLC now owns 486,236 shares of the company’s stock worth $14,772,000 after buying an additional 68,915 shares during the period.

Ingram Micro Inc (Ingram Micro) is engaged in the distribution of information technology (IT) products, supply chain services and mobile device lifecycle services around the world. The Company 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.

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