Integrated Quantitative Investments LLC purchased a new position in shares of Sanmina Corporation (NASDAQ:SANM – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,570 shares of the electronics maker’s stock, valued at approximately $1,230,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of SANM. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Sanmina by 265.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 265 shares during the period. Banque Transatlantique SA bought a new position in Sanmina during the first quarter worth about $29,000. Caitong International Asset Management Co. Ltd increased its position in Sanmina by 200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker’s stock worth $31,000 after buying an additional 270 shares during the last quarter. Harbour Investments Inc. raised its stake in Sanmina by 1,612.9% in the second quarter. Harbour Investments Inc. now owns 531 shares of the electronics maker’s stock valued at $52,000 after buying an additional 500 shares during the period. Finally, Quarry LP lifted its position in shares of Sanmina by 5,883.3% in the first quarter. Quarry LP now owns 718 shares of the electronics maker’s stock valued at $55,000 after buying an additional 706 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.
Sanmina Stock Up 3.8%
SANM opened at $160.37 on Friday. The stock has a fifty day moving average of $132.48 and a 200-day moving average of $110.76. The company has a market capitalization of $8.55 billion, a P/E ratio of 34.34, a P/E/G ratio of 1.43 and a beta of 1.17. Sanmina Corporation has a fifty-two week low of $63.67 and a fifty-two week high of $178.39. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.91.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on SANM. Wall Street Zen lowered Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sanmina has a consensus rating of “Buy” and an average target price of $120.00.
View Our Latest Research Report on SANM
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.
Featured Articles
- Five stocks we like better than Sanmina
- How to Choose Top Rated Stocks
- Meta’s Pain May Be Your Gain: Is This a Rare Buying Window?
- How to Invest in Biotech Stocks
- 3 Under-the-Radar AI Stocks to Buy on the Dip
- What is a penny stock? A comprehensive guide
- Your Thanksgiving Playbook: 3 Stocks Set to Benefit From Football Fever
Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.
