Some Traders See Unusual Bullish Options Activity in Ingram Micro Inc.

 Some Traders See Unusual Bullish Options Activity in Ingram Micro Inc.

In today’s session Ingram Micro Inc. (IM) registered an unusually high (409) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious IM increase. With 409 contracts traded and 5774 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: IM170317C00037000 closed last at: $1.7 or 0% . About 2.28M shares traded hands or 152.11% up from the average. Ingram Micro Inc. (NYSE:IM) has risen 0.72% since March 29, 2016 and is uptrending. It has underperformed by 2.76% the S&P500.

Analysts await Ingram Micro Inc. (NYSE:IM) to report earnings on November, 3. They expect $0.63 earnings per share, down 5.97% or $0.04 from last year’s $0.67 per share. IM’s profit will be $95.96 million for 14.75 P/E if the $0.63 EPS becomes a reality. After $0.61 actual earnings per share reported by Ingram Micro Inc. for the previous quarter, Wall Street now forecasts 3.28% EPS growth.

Ingram Micro Inc. (NYSE:IM) Ratings Coverage

Out of 3 analysts covering Ingram Micro (NYSE:IM), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Ingram Micro has been the topic of 7 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Ingram Micro Inc. (NYSE:IM) earned “Buy” rating by Needham on Monday, November 2. The firm has “Mkt Perform” rating by Raymond James given on Friday, February 19. The company was maintained on Thursday, October 15 by Needham. The firm has “Neutral” rating given on Thursday, February 18 by Citigroup. Needham downgraded the shares of IM in a report on Thursday, February 18 to “Hold” rating.

According to Zacks Investment Research, “Ingram Micro, Inc. is one of the leading distributors of information technology products and services worldwide. The company markets computer hardware, networking equipment, and software products to reseller customers in numerous countries. The company also provides logistics and fulfillment services to vendor and reseller customers.”

Insitutional Activity: The institutional sentiment decreased to 0.87 in 2016 Q2. Its down 0.05, from 0.92 in 2016Q1. The ratio worsened, as 44 funds sold all Ingram Micro Inc. shares owned while 115 reduced positions. 34 funds bought stakes while 104 increased positions. They now own 123.03 million shares or 9.62% less from 136.13 million shares in 2016Q1.
Afam last reported 0.92% of its portfolio in the stock. The Massachusetts-based Boston Prns has invested 0.02% in Ingram Micro Inc. (NYSE:IM). Raymond James Financial last reported 0.01% of its portfolio in the stock. Gamco Invsts Et Al has invested 0.01% of its portfolio in Ingram Micro Inc. (NYSE:IM). Legal General Public Ltd Com holds 0.01% of its portfolio in Ingram Micro Inc. (NYSE:IM) for 277,251 shares. Employees Retirement Sys Of Texas accumulated 69,000 shares or 0.03% of the stock. Morgan Stanley reported 2.00M shares or 0.03% of all its holdings. Shelton Mgmt last reported 14,938 shares in the company. Gsa Prtn Llp, a United Kingdom-based fund reported 96,096 shares. Credit Suisse Ag accumulated 812,243 shares or 0.03% of the stock. Eii Mgmt accumulated 1.37% or 134,330 shares. Nationwide Fund Advisors has invested 0.04% of its portfolio in Ingram Micro Inc. (NYSE:IM). Howard Hughes Medical Institute accumulated 0.08% or 6,515 shares. Putnam Limited Liability last reported 0.01% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 4,212 shares in the company.

Ingram Micro Inc. is engaged in the distribution of information technology (IT) products, supply chain services and mobile device lifecycle services around the world. The company has a market cap of $5.66 billion. The Firm distributes and markets technology products all over the world from the industry’s computer hardware suppliers, mobility hardware suppliers, software publishers, consumer electronics (CE), automatic identification and data capture (AIDC)/point-of-sale (POS), and physical security products. It has a 20.43 P/E ratio. It has activities in approximately 45 countries.

IM Company Profile

Ingram Micro Inc. (Ingram Micro), incorporated on April 29, 1996, is engaged in the distribution of information technology (IT) products, supply chain services and mobile device lifecycle services around the world. The Firm distributes and markets technology products all over the world from the industry’s computer hardware suppliers, mobility hardware suppliers, networking equipment suppliers, software publishers, and other suppliers of computer peripherals, consumer electronics (CE), unified communication and collaboration, automatic identification and data capture (AIDC)/point-of-sale (POS), and physical security products. The Firm has activities in approximately 40 countries.

More news for Ingram Micro Inc. (NYSE:IM) were recently published by: Equitiesfocus.com, which released: “Ingram Micro Inc. (NYSE:IM) Basic Consolidated EPS At $1.4013” on April 25, 2016. Globenewswire.com‘s article titled: “Ingram Micro Expands Use of Descartes’ Denied Party Screening Solution to Europe” and published on October 31, 2016 is yet another important article.

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