Thrivent Financial for Lutherans Has $2.94 Million Position in Sanmina Co. (NASDAQ:SANM)

Thrivent Financial for Lutherans reduced its stake in shares of Sanmina Co. (NASDAQ:SANM) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,914 shares of the electronics maker’s stock after selling 3,121 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Sanmina worth $2,937,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SANM. Janus Henderson Group PLC lifted its holdings in shares of Sanmina by 64.8% during the first quarter. Janus Henderson Group PLC now owns 134,807 shares of the electronics maker’s stock worth $8,381,000 after buying an additional 52,995 shares during the last quarter. Atria Investments Inc bought a new stake in Sanmina during the first quarter worth about $1,005,000. Oppenheimer Asset Management Inc. raised its position in Sanmina by 40.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,692 shares of the electronics maker’s stock valued at $2,298,000 after purchasing an additional 10,000 shares during the last quarter. Caxton Associates LP boosted its stake in Sanmina by 365.9% in the second quarter. Caxton Associates LP now owns 22,276 shares of the electronics maker’s stock worth $1,476,000 after purchasing an additional 17,495 shares in the last quarter. Finally, Aristides Capital LLC bought a new stake in shares of Sanmina during the second quarter worth $267,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Craig Hallum upped their price objective on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a report on Tuesday, November 5th.

Sanmina Stock Performance

Shares of SANM opened at $78.33 on Wednesday. The firm has a market cap of $4.28 billion, a P/E ratio of 20.03, a PEG ratio of 1.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 2.05. Sanmina Co. has a twelve month low of $48.83 and a twelve month high of $86.05. The firm’s 50 day moving average price is $71.69 and its two-hundred day moving average price is $69.40.

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