Quantinno Capital Management LP raised its stake in Sanmina Co. (NASDAQ:SANM – Free Report) by 11.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,649 shares of the electronics maker’s stock after acquiring an additional 362 shares during the quarter. Quantinno Capital Management LP’s holdings in Sanmina were worth $250,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake 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 last quarter. GAMMA Investing LLC lifted its stake in shares of Sanmina by 88.5% in the 3rd quarter. GAMMA Investing LLC now owns 931 shares of the electronics maker’s stock valued at $64,000 after acquiring an additional 437 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Sanmina during the 2nd quarter valued at $116,000. CWM LLC grew its position in Sanmina by 40.5% during the 3rd quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock worth $122,000 after acquiring an additional 513 shares during the last quarter. Finally, KBC Group NV increased its holdings in Sanmina by 25.5% in the 3rd quarter. KBC Group NV now owns 1,811 shares of the electronics maker’s stock worth $124,000 after purchasing an additional 368 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.
Sanmina Stock Up 0.2 %
Shares of NASDAQ:SANM opened at $80.23 on Tuesday. The firm has a market cap of $4.33 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.35 and a beta of 0.91. Sanmina Co. has a 12-month low of $48.83 and a 12-month high of $86.05. The business has a fifty day simple moving average of $74.91 and a 200 day simple moving average of $70.65. The company has a quick ratio of 1.25, a current ratio of 1.99 and a debt-to-equity ratio of 0.13.
Analysts Set New Price Targets
A number of brokerages have recently commented on SANM. Craig Hallum lifted their price target on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st.
Get Our Latest Analysis on Sanmina
Sanmina 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.
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