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

Intech Investment Management LLC lifted its stake in shares of Sanmina Co. (NASDAQ:SANM) by 34.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,405 shares of the electronics maker’s stock after acquiring an additional 6,739 shares during the period. Intech Investment Management LLC’s holdings in Sanmina were worth $1,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC grew its stake in Sanmina by 108.4% in the second quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 257 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Sanmina by 24.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 164 shares during the period. Innealta Capital LLC bought a new stake in Sanmina during the 2nd quarter valued at $116,000. CWM LLC increased its stake in Sanmina by 40.5% during the 3rd quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock valued at $122,000 after purchasing an additional 513 shares in the last quarter. Finally, KBC Group NV raised its holdings in Sanmina by 25.5% during the third quarter. KBC Group NV now owns 1,811 shares of the electronics maker’s stock worth $124,000 after buying an additional 368 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Craig Hallum boosted their price objective on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $78.84 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.31 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The stock’s fifty day simple moving average is $71.50 and its two-hundred day simple moving average is $69.31. Sanmina Co. has a 1-year low of $48.83 and a 1-year high of $86.05.

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, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm earned $1.20 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. As a group, analysts forecast that Sanmina Co. will post 4.84 EPS 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.