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 (3,965) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious IM increase. With 3,965 contracts traded and 5844 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: IM161216C00038000 closed last at: $0.6 or 14.3% down. About 1.32M shares traded hands. Ingram Micro Inc. (NYSE:IM) has risen 6.67% since April 28, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.

Analysts await Ingram Micro Inc. (NYSE:IM) to report earnings on February, 23. They expect $1.06 EPS, up 4.95% or $0.05 from last year’s $1.01 per share. IM’s profit will be $158.73 million for 8.85 P/E if the $1.06 EPS becomes a reality. After $0.71 actual EPS reported by Ingram Micro Inc. for the previous quarter, Wall Street now forecasts 49.30% 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. $35.0 is the highest target while $30 is the lowest. The $32.67 average target is -12.95% below today’s ($37.53) stock price. Ingram Micro has been the topic of 7 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Needham downgraded it to “Hold” rating and $34 target price in Thursday, February 18 report. The stock of Ingram Micro Inc. (NYSE:IM) earned “Neutral” rating by Citigroup on Thursday, February 18. Needham maintained the stock with “Buy” rating in Monday, November 2 report. Raymond James downgraded the stock to “Mkt Perform” rating in Friday, February 19 report. The stock of Ingram Micro Inc. (NYSE:IM) has “Buy” rating given on Thursday, October 15 by Needham.

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 increased to 0.91 in Q2 2016. Its up 0.04, from 0.87 in 2016Q1. The ratio is positive, 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.
Analytic Investors Llc accumulated 664,579 shares or 0.27% of the stock. Pax Mngmt Ltd Liability Company holds 494,169 shares or 1% of its portfolio. Wells Fargo Co Mn, a California-based fund reported 25,098 shares. Marshall Wace Ltd Liability Partnership, a United Kingdom-based fund reported 2.25 million shares. Blackrock Fund Advsrs last reported 5.28 million shares in the company. Ibm Retirement Fund owns 14,964 shares or 0.02% of their US portfolio. P Schoenfeld Asset Management Limited Partnership, a New York-based fund reported 1.06M shares. Foundry Prtn Ltd Com, a Minnesota-based fund reported 266,982 shares. Fny Managed Accounts Lc reported 25,000 shares or 0% of all its holdings. The Massachusetts-based Panagora Asset Mgmt has invested 0.07% in Ingram Micro Inc. (NYSE:IM). Mizuho Tru And Bk Limited accumulated 215,248 shares or 0.02% of the stock. Myriad Asset Mngmt Ltd holds 0.69% of its portfolio in Ingram Micro Inc. (NYSE:IM) for 229,172 shares. Ls Advsr Lc, a Michigan-based fund reported 8,954 shares. Aperio Limited Liability Corp reported 239,532 shares or 0.07% of all its holdings. Jefferies Grp Inc Ltd Liability accumulated 15,300 shares or 0% of the stock.

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 $5.62 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 20.63 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: Forbes.com, which released: “Ingram Micro Reaches Analyst Target Price” on November 01, 2016. Nasdaq.com‘s article titled: “Why Ingram Micro (IM) is Poised to Beat Earnings Estimates (Again)” and published on November 30, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment