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

Intech Investment Management LLC grew its position in Sanmina Co. (NASDAQ:SANM - Free Report) by 34.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,405 shares of the electronics maker's stock after purchasing 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 quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Sanmina by 108.4% in the second quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker's stock worth $33,000 after buying an additional 257 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Sanmina by 24.1% during the second 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 period. Innealta Capital LLC bought a new position in shares of Sanmina in the second quarter valued at approximately $116,000. CWM LLC lifted its stake in shares of Sanmina by 40.5% in the third quarter. CWM LLC now owns 1,781 shares of the electronics maker's stock worth $122,000 after buying an additional 513 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Sanmina by 25.5% during the 3rd 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 period. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Stock Performance

Shares of NASDAQ:SANM traded down $0.51 on Tuesday, hitting $78.33. 341,493 shares of the company were exchanged, compared to its average volume of 423,953. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 2.05. The company's 50 day moving average price is $71.69 and its two-hundred day moving average price is $69.40. Sanmina Co. has a one year low of $48.83 and a one year high of $86.05. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.34 and a beta of 0.89.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.07. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.20 EPS. Research analysts expect that Sanmina Co. will post 4.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SANM shares. StockNews.com raised 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 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.