Atria Investments Inc Buys 1,226 Shares of Sanmina Co. (NASDAQ:SANM)

Atria Investments Inc increased its position in shares of Sanmina Co. (NASDAQ:SANM) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,757 shares of the electronics maker’s stock after acquiring an additional 1,226 shares during the quarter. Atria Investments Inc’s holdings in Sanmina were worth $1,352,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Sanmina by 24.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 164 shares in the last quarter. TFG Advisers LLC lifted its holdings in Sanmina by 5.1% during the third quarter. TFG Advisers LLC now owns 4,179 shares of the electronics maker’s stock worth $286,000 after acquiring an additional 203 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Sanmina by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 11,881 shares of the electronics maker’s stock valued at $787,000 after acquiring an additional 224 shares during the period. Atomi Financial Group Inc. grew its stake in Sanmina by 5.0% in the third quarter. Atomi Financial Group Inc. now owns 4,788 shares of the electronics maker’s stock valued at $328,000 after acquiring an additional 226 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Sanmina by 108.4% in the second quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 257 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Stock Performance

Shares of Sanmina stock opened at $76.96 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.05 and a quick ratio of 1.32. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 1.32 and a beta of 0.89. Sanmina Co. has a one year low of $48.58 and a one year high of $86.05. The stock’s 50-day moving average is $69.97 and its 200-day moving average is $68.57.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on SANM. Craig Hallum boosted their price objective on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 7th.

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.