HL Financial Services LLC raised its stake in shares of Ingram Micro Inc. (NYSE:IM) by 11.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,979 shares of the company’s stock after buying an additional 6,365 shares during the period. HL Financial Services LLC’s holdings in Ingram Micro were worth $2,190,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Arrowgrass Capital Partners US LP acquired a new position in shares of Ingram Micro during the first quarter valued at about $52,742,000. BNP Paribas Arbitrage SA raised its position in shares of Ingram Micro by 41.0% in the second quarter. BNP Paribas Arbitrage SA now owns 85,749 shares of the company’s stock valued at $2,982,000 after buying an additional 24,914 shares during the last quarter. Norges Bank acquired a new position in shares of Ingram Micro during the fourth quarter valued at about $49,239,000. Magnetar Financial LLC acquired a new position in shares of Ingram Micro during the first quarter valued at about $104,334,000. Finally, Teachers Advisors Inc. raised its position in shares of Ingram Micro by 7.6% in the first quarter. Teachers Advisors Inc. now owns 485,355 shares of the company’s stock valued at $17,429,000 after buying an additional 34,369 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors.

Ingram Micro Inc. (NYSE:IM) traded up 0.40% during midday trading on Thursday, hitting $35.03. 677,996 shares of the stock traded hands. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 20.49 and a beta of 0.87. The company has a 50-day moving average price of $34.72 and a 200 day moving average price of $34.96. Ingram Micro Inc. has a one year low of $25.76 and a one year high of $36.66.

Ingram Micro (NYSE:IM) last released its earnings results on Thursday, July 28th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.49 by $0.12. Ingram Micro had a return on equity of 10.03% and a net margin of 0.64%. The business earned $10.10 billion during the quarter, compared to analysts’ expectations of $9.67 billion. During the same quarter last year, the firm posted $0.55 earnings per share. The firm’s revenue was down 4.1% on a year-over-year basis. Equities research analysts anticipate that Ingram Micro Inc. will post $2.62 earnings per share for the current year.

Several equities analysts recently issued reports on IM shares. Jefferies Group reissued a “hold” rating on shares of Ingram Micro in a report on Thursday, September 8th. Zacks Investment Research upgraded shares of Ingram Micro from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $35.75.

Ingram Micro Company Profile

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.

5 Day Chart for NYSE:IM

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