Allspring Global Investments Holdings LLC bought a new stake in shares of Ingram Micro Holding Corp. (NYSE:INGM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 880,400 shares of the company's stock, valued at approximately $17,432,000. Allspring Global Investments Holdings LLC owned 0.37% of Ingram Micro at the end of the most recent quarter.
Ingram Micro Price Performance
NYSE INGM traded down $0.10 during trading hours on Wednesday, reaching $23.62. 122,183 shares of the company's stock were exchanged, compared to its average volume of 317,721. The business's 50-day moving average price is $21.69. Ingram Micro Holding Corp. has a one year low of $18.90 and a one year 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.
Analysts Set New Price Targets
INGM has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a "buy" rating and a $33.00 target price on the stock. Northcoast Research initiated coverage on shares of Ingram Micro in a research report on Friday, November 8th. They issued a "neutral" rating on the stock. Raymond James initiated coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued an "outperform" rating and a $28.00 price target on the stock. Bank of America initiated coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a "buy" rating and a $30.00 price target on the stock. Finally, Melius Research upgraded shares of Ingram Micro to a "hold" rating in a research report on Tuesday, November 26th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.00.
Read Our Latest Analysis on Ingram Micro
About Ingram Micro
(
Free Report)
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.
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