Thrivent Financial for Lutherans Has $2.94 Million Position in Sanmina Co. (NASDAQ:SANM)

Thrivent Financial for Lutherans cut its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,914 shares of the electronics maker’s stock after selling 3,121 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Sanmina were worth $2,937,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its position in Sanmina by 24.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock worth $56,000 after buying an additional 164 shares during the period. TFG Advisers LLC lifted its position 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 purchasing an additional 203 shares during the period. SummerHaven Investment Management LLC grew its stake in Sanmina by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 11,881 shares of the electronics maker’s stock worth $787,000 after buying an additional 224 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in Sanmina by 5.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,788 shares of the electronics maker’s stock valued at $328,000 after buying an additional 226 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Sanmina by 108.4% in the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock valued at $33,000 after buying an additional 257 shares in the last quarter. 92.71% of the stock is owned by institutional investors.

Sanmina Trading Down 0.6 %

SANM opened at $78.33 on Wednesday. The company has a market cap of $4.28 billion, a P/E ratio of 20.03, a PEG ratio of 1.34 and a beta of 0.89. 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 company’s 50 day moving average is $71.69 and its 200-day moving average is $69.40. Sanmina Co. has a 1-year low of $48.83 and a 1-year high of $86.05.

Sanmina (NASDAQ:SANM) last issued its 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 firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business posted $1.20 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts predict that Sanmina Co. will post 4.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.