Intech Investment Management LLC Has $1.81 Million Holdings in Sanmina Co. (NASDAQ:SANM)

Intech Investment Management LLC grew its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 34.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,405 shares of the electronics maker’s stock after acquiring an additional 6,739 shares during the quarter. Intech Investment Management LLC’s holdings in Sanmina were worth $1,807,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SANM. Global Alpha Capital Management Ltd. lifted its stake in shares of Sanmina by 19.4% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker’s stock valued at $63,138,000 after acquiring an additional 149,600 shares during the last quarter. Phocas Financial Corp. acquired a new position in Sanmina in the 3rd quarter worth about $5,340,000. Royce & Associates LP raised its position in Sanmina by 36.7% in the third quarter. Royce & Associates LP now owns 402,098 shares of the electronics maker’s stock valued at $27,524,000 after purchasing an additional 107,906 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in shares of Sanmina during the third quarter valued at about $519,000. Finally, Nicola Wealth Management LTD. grew its holdings in shares of Sanmina by 12.9% during the third quarter. Nicola Wealth Management LTD. now owns 61,100 shares of the electronics maker’s stock worth $4,182,000 after purchasing an additional 7,000 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Ratings Changes

SANM has been the topic of several recent research reports. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Craig Hallum lifted their price target on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

Sanmina Stock Performance

Shares of SANM stock opened at $78.84 on Tuesday. The stock has a market capitalization of $4.31 billion, a PE ratio of 20.16, a PEG ratio of 1.34 and a beta of 0.89. The business’s 50 day simple moving average is $71.50 and its 200 day simple moving average is $69.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.05 and a quick ratio of 1.32. Sanmina Co. has a one year low of $48.83 and a one year high of $86.05.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the company posted $1.20 earnings per share. Sanmina’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts forecast that Sanmina Co. will post 4.84 earnings per share for the current year.

About Sanmina

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.