Ingram Micro Inc. (NYSE:IM)’s share price gapped up before the market opened on Monday . The stock had previously closed at $34.60, but opened at $34.68. Ingram Micro shares last traded at $34.91, with a volume of 361,184 shares changing hands.

Separately, Zacks Investment Research raised shares of Ingram Micro from a “sell” rating to a “hold” rating in a research note on Monday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Ingram Micro has an average rating of “Hold” and an average target price of $35.75.

The stock has a 50 day moving average price of $34.58 and a 200-day moving average price of $34.67. The company has a market capitalization of $5.25 billion and a price-to-earnings ratio of 20.50.

Ingram Micro (NYSE:IM) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.12. The business earned $10.10 billion during the quarter, compared to the consensus estimate of $9.67 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that Ingram Micro Inc. will post $2.62 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Ingram Micro stock. Trexquant Investment LP purchased a new position in shares of Ingram Micro Inc. (NYSE:IM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,900 shares of the company’s stock, valued at approximately $1,091,000.

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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