Atomi Financial Group Inc. Boosts Stock Holdings in Sanmina Co. (NASDAQ:SANM)

Atomi Financial Group Inc. increased its position in shares of Sanmina Co. (NASDAQ:SANM) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,028 shares of the electronics maker’s stock after purchasing an additional 240 shares during the period. Atomi Financial Group Inc.’s holdings in Sanmina were worth $380,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Citigroup Inc. raised its holdings in Sanmina by 64.6% during the third quarter. Citigroup Inc. now owns 73,938 shares of the electronics maker’s stock worth $5,061,000 after purchasing an additional 29,028 shares in the last quarter. Geode Capital Management LLC raised its holdings in Sanmina by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,515,128 shares of the electronics maker’s stock worth $103,727,000 after purchasing an additional 35,622 shares in the last quarter. Barclays PLC raised its holdings in Sanmina by 296.3% during the third quarter. Barclays PLC now owns 92,863 shares of the electronics maker’s stock worth $6,358,000 after purchasing an additional 69,431 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Sanmina in the third quarter valued at about $2,224,000. Finally, JPMorgan Chase & Co. increased its holdings in Sanmina by 255.9% in the third quarter. JPMorgan Chase & Co. now owns 509,906 shares of the electronics maker’s stock valued at $34,903,000 after buying an additional 366,653 shares in the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SANM. StockNews.com raised shares of Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Craig Hallum increased their target price on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a report on Tuesday, November 5th.

Sanmina Stock Up 0.4 %

SANM stock opened at $84.01 on Friday. The company’s 50 day simple moving average is $79.08 and its 200-day simple moving average is $73.12. The firm has a market capitalization of $4.53 billion, a PE ratio of 21.49, a P/E/G ratio of 1.41 and a beta of 0.91. Sanmina Co. has a 12 month low of $49.57 and a 12 month high of $86.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.99 and a quick ratio of 1.25.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, beating the consensus estimate of $1.36 by $0.07. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 earnings per share. Equities analysts expect that Sanmina Co. will post 4.84 earnings per share for the current fiscal year.

Sanmina Company Profile

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.