Ingram Micro EVP Unloads $287,900 in Stock (IM)
Ingram Micro (NYSE:IM) EVP Larry C. Boyd sold 10,000 shares of Ingram Micro stock on the open market in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $28.79, for a total value of $287,900.00. Following the completion of the sale, the executive vice president now directly owns 68,135 shares in the company, valued at approximately $1,961,607. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
IM has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Ingram Micro in a research note on Monday, February 17th. They now have a $34.00 price target on the stock. Separately, analysts at Needham & Company raised their price target on shares of Ingram Micro from $26.00 to $32.00 in a research note on Friday, February 14th. They now have a “buy” rating on the stock. Finally, analysts at Brean Capital upgraded shares of Ingram Micro from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. They now have a $31.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $30.40.
Shares of Ingram Micro (NYSE:IM) traded up 0.49% on Wednesday, hitting $28.90. The stock had a trading volume of 1,371,239 shares. Ingram Micro has a 1-year low of $16.96 and a 1-year high of $30.00. The stock has a 50-day moving average of $25.71 and a 200-day moving average of $23.83. The company has a market cap of $4.467 billion and a price-to-earnings ratio of 14.45.
Ingram Micro (NYSE:IM) last released its earnings data on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.78 by $0.10. The company had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.54 billion. During the same quarter last year, the company posted $0.73 earnings per share. Ingram Micro’s revenue was up 4.0% compared to the same quarter last year. On average, analysts predict that Ingram Micro will post $2.61 earnings per share for the current fiscal year.
Ingram Micro Inc (NYSE:IM) is a global information technology (IT) supply-chain management, mobile device lifecycle services and logistics solutions.
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