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

JPMorgan Chase & Co. reduced its stake in Ingram Micro Holding Corporation (NYSE:INGM) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,097,936 shares of the company’s stock after selling 90,614 shares during the period. JPMorgan Chase & Co. owned 0.89% of Ingram Micro worth $45,085,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of INGM. Lind Value II ApS purchased a new position in shares of Ingram Micro in the 2nd quarter valued at approximately $24,995,000. American Century Companies Inc. raised its holdings in Ingram Micro by 24.0% in the second quarter. American Century Companies Inc. now owns 2,859,753 shares of the company’s stock worth $59,597,000 after purchasing an additional 552,620 shares in the last quarter. Norges Bank purchased a new position in Ingram Micro during the second quarter valued at $8,336,000. Synergy Asset Management LLC bought a new stake in shares of Ingram Micro during the 3rd quarter valued at $2,262,000. Finally, BNP Paribas Financial Markets grew its position in shares of Ingram Micro by 1,079.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 106,766 shares of the company’s stock worth $2,225,000 after buying an additional 97,716 shares during the period.

Analyst Upgrades and Downgrades

INGM has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Ingram Micro in a research report on Monday, December 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $24.00 price target on shares of Ingram Micro in a research note on Monday, December 22nd. Wall Street Zen upgraded Ingram Micro from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Zacks Research raised Ingram Micro from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, The Goldman Sachs Group downgraded Ingram Micro from a “strong-buy” rating to a “neutral” rating and set a $24.00 price target for the company. in a report on Tuesday, January 13th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.44.

Ingram Micro Trading Up 0.8%

Shares of INGM stock opened at $20.66 on Friday. 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 Holding Corporation has a 12-month low of $14.25 and a 12-month high of $23.93. The stock has a market capitalization of $4.86 billion, a P/E ratio of 16.80, a P/E/G ratio of 0.73 and a beta of 2.32. The firm’s 50 day moving average is $21.38 and its 200 day moving average is $21.16.

Ingram Micro Company 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.