Sanmina Co. (NASDAQ:SANM) Stake Raised by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 4,008 shares of the electronics maker’s stock after buying an additional 129 shares during the quarter. Park Avenue Securities LLC’s holdings in Sanmina were worth $303,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SANM. Northwestern Mutual Wealth Management Co. increased 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 worth $56,000 after purchasing an additional 164 shares during the last quarter. TFG Advisers LLC increased its holdings in Sanmina by 5.1% in the third quarter. TFG Advisers LLC now owns 4,179 shares of the electronics maker’s stock worth $286,000 after buying an additional 203 shares during the last quarter. Atomi Financial Group Inc. raised its position in Sanmina by 5.0% during 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 in the last quarter. Farther Finance Advisors LLC raised its position in Sanmina by 16.3% during the third quarter. Farther Finance Advisors LLC now owns 2,129 shares of the electronics maker’s stock valued at $146,000 after acquiring an additional 299 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its stake in Sanmina by 3.7% in the third quarter. Ritholtz Wealth Management now owns 9,150 shares of the electronics maker’s stock valued at $626,000 after acquiring an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Stock Up 0.4 %

Shares of Sanmina stock opened at $84.01 on Friday. Sanmina Co. has a 12-month low of $49.57 and a 12-month high of $86.05. The company has a quick ratio of 1.25, a current ratio of 1.99 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $79.08 and a two-hundred day moving average price of $73.12. The stock has a market capitalization of $4.53 billion, a P/E ratio of 21.49, a PEG ratio of 1.41 and a beta of 0.91.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share (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 the consensus estimate of $1.96 billion. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. Sanmina’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. Equities analysts expect that Sanmina Co. will post 4.84 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on SANM. Craig Hallum increased their price target on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. StockNews.com upgraded Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 21st.

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.