California State Teachers Retirement System Makes New $26,000 Investment in Ingram Micro Holding Corp. (NYSE:INGM)

California State Teachers Retirement System purchased a new position in shares of Ingram Micro Holding Corp. (NYSE:INGM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,329 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN acquired a new position in Ingram Micro in the 4th quarter valued at about $45,000. Cohen & Steers Inc. acquired a new position in shares of Ingram Micro during the 4th quarter worth approximately $48,000. Tower Research Capital LLC TRC acquired a new stake in shares of Ingram Micro during the 4th quarter worth approximately $52,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Ingram Micro during the 4th quarter worth approximately $80,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Ingram Micro during the 4th quarter worth approximately $118,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on INGM shares. Jefferies Financial Group dropped their price objective on shares of Ingram Micro from $28.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Evercore ISI lowered their target price on shares of Ingram Micro from $27.00 to $26.00 and set an “in-line” rating for the company in a research note on Wednesday, March 5th. The Goldman Sachs Group lowered their target price on shares of Ingram Micro from $29.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. lifted their price target on shares of Ingram Micro from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Finally, Bank of America decreased their price target on shares of Ingram Micro from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.71.

Ingram Micro Stock Down 0.7%

NYSE:INGM opened at $19.42 on Friday. Ingram Micro Holding Corp. has a fifty-two week low of $14.25 and a fifty-two week high of $25.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. The company’s 50-day simple moving average is $18.37 and its 200-day simple moving average is $20.15.

Ingram Micro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were given a $0.076 dividend. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Tuesday, May 20th.

Ingram Micro declared that its Board of Directors has approved a stock buyback plan on Tuesday, March 4th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Ingram Micro Company Profile

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.