JPMorgan Chase & Co. Sells 90,614 Shares of Ingram Micro Holding Corporation $INGM

JPMorgan Chase & Co. lowered its stake in shares of Ingram Micro Holding Corporation (NYSE:INGM) by 4.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,097,936 shares of the company’s stock after selling 90,614 shares during the period. JPMorgan Chase & Co. owned approximately 0.89% of Ingram Micro worth $45,085,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Rhumbline Advisers lifted its position in Ingram Micro by 6.3% during the second quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock valued at $284,000 after purchasing an additional 803 shares during the period. CWM LLC raised its stake in Ingram Micro by 125.7% during the 2nd quarter. CWM LLC now owns 3,333 shares of the company’s stock valued at $69,000 after buying an additional 1,856 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Ingram Micro by 855.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,400 shares of the company’s stock valued at $116,000 after buying an additional 4,835 shares during the period. Franklin Resources Inc. boosted its stake in shares of Ingram Micro by 54.0% in the 2nd quarter. Franklin Resources Inc. now owns 17,682 shares of the company’s stock worth $368,000 after buying an additional 6,199 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Ingram Micro by 7.2% in the third quarter. Voya Investment Management LLC now owns 144,695 shares of the company’s stock worth $3,109,000 after acquiring an additional 9,749 shares during the period.

Analyst Ratings Changes

INGM has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Ingram Micro in a report on Monday, December 29th. Zacks Research raised shares of Ingram Micro from a “strong sell” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $24.00 price objective on shares of Ingram Micro in a report on Monday, December 15th. Morgan Stanley reduced their target price on shares of Ingram Micro from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Finally, Wall Street Zen upgraded shares of Ingram Micro from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.44.

Ingram Micro Trading Up 0.8%

Shares of NYSE:INGM opened at $20.66 on Friday. The stock has a 50 day moving average of $21.38 and a 200 day moving average of $21.16. The company has a market cap of $4.86 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 0.73 and a beta of 2.32. Ingram Micro Holding Corporation has a 12-month low of $14.25 and a 12-month high of $23.93. The company has a current ratio of 1.41, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.

Ingram Micro Profile

Ingram Micro, headquartered in Irvine, California, is a global technology distributor and supply chain services provider. Listed on the New York Stock Exchange under the ticker INGM, the company connects leading technology manufacturers, cloud providers and channel partners through an integrated portfolio of products and services. Ingram Micro’s end-to-end solutions span product distribution, cloud enablement, e-commerce, logistics and lifecycle management, enabling customers of all sizes to bring new technology to market efficiently.

The company’s offerings are organized across several core areas.