Ingram Micro CFO William David Humes Sells 67,737 Shares (IM)
Ingram Micro (NYSE:IM) CFO William David Humes sold 67,737 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $28.66, for a total transaction of $1,941,342.42. Following the completion of the transaction, the chief financial officer now directly owns 117,314 shares in the company, valued at approximately $3,362,219. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on IM shares. Analysts at Zacks reiterated a “neutral” rating on shares of Ingram Micro in a research note on Monday, July 28th. They now have a $31.00 price target on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Ingram Micro in a research note on Friday, July 25th. They now have a $36.00 price target on the stock, up previously from $34.00. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Ingram Micro in a research note on Friday, July 25th. They now have a $35.00 price target on the stock, up previously from $32.00. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.78.
Ingram Micro (NYSE:IM) traded up 0.17% on Thursday, hitting $28.69. The stock had a trading volume of 448,543 shares. Ingram Micro has a 1-year low of $21.73 and a 1-year high of $30.96. The stock’s 50-day moving average is $28.7 and its 200-day moving average is $28.42. The company has a market cap of $4.464 billion and a price-to-earnings ratio of 17.02.
Ingram Micro (NYSE:IM) last released its earnings data on Thursday, July 24th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $10.91 billion for the quarter, compared to the consensus estimate of $10.58 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts expect that Ingram Micro will post $2.56 EPS 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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