Atria Investments Inc Has $1.35 Million Position in Sanmina Co. (NASDAQ:SANM)

Atria Investments Inc boosted its stake in shares of Sanmina Co. (NASDAQ:SANM) by 6.6% in the third quarter, HoldingsChannel reports. The firm owned 19,757 shares of the electronics maker’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SANM. Vanguard Group Inc. boosted its holdings in shares of Sanmina by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,154,640 shares of the electronics maker’s stock worth $444,876,000 after buying an additional 45,918 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of Sanmina by 8.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker’s stock worth $77,399,000 after acquiring an additional 86,492 shares during the period. American Century Companies Inc. grew its position in shares of Sanmina by 14.0% in the second quarter. American Century Companies Inc. now owns 875,132 shares of the electronics maker’s stock valued at $57,977,000 after purchasing an additional 107,474 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Sanmina by 11.5% during the second quarter. Bank of New York Mellon Corp now owns 578,458 shares of the electronics maker’s stock worth $38,323,000 after purchasing an additional 59,849 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Sanmina by 1.4% during the 3rd quarter. New York State Common Retirement Fund now owns 357,105 shares of the electronics maker’s stock worth $24,444,000 after purchasing an additional 4,943 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com raised Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Craig Hallum raised their price target on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th.

Sanmina Trading Down 0.9 %

Shares of NASDAQ:SANM opened at $76.96 on Friday. The company has a market capitalization of $4.21 billion, a P/E ratio of 19.68, a P/E/G ratio of 1.32 and a beta of 0.89. 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 business’s 50 day simple moving average is $69.97 and its 200 day simple moving average is $68.57. Sanmina Co. has a 1 year low of $48.58 and a 1 year high of $86.05.

Sanmina (NASDAQ:SANM) last released its earnings results 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 company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. Sanmina’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 EPS. On average, research analysts anticipate 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.