Edgestream Partners L.P. Makes New $876,000 Investment in Sanmina Co. (NASDAQ:SANM)

Edgestream Partners L.P. bought a new stake in Sanmina Co. (NASDAQ:SANM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,804 shares of the electronics maker’s stock, valued at approximately $876,000.

Several other large investors have also made changes to their positions in the company. Global Alpha Capital Management Ltd. raised its position in Sanmina by 19.4% during the third quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker’s stock valued at $63,138,000 after purchasing an additional 149,600 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Sanmina by 36.7% during the 3rd quarter. Royce & Associates LP now owns 402,098 shares of the electronics maker’s stock worth $27,524,000 after buying an additional 107,906 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Sanmina by 14.0% during the 2nd quarter. American Century Companies Inc. now owns 875,132 shares of the electronics maker’s stock worth $57,977,000 after buying an additional 107,474 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Sanmina by 8.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker’s stock valued at $77,399,000 after buying an additional 86,492 shares in the last quarter. Finally, FMR LLC grew its position in Sanmina by 5.0% in the third quarter. FMR LLC now owns 1,715,767 shares of the electronics maker’s stock valued at $117,444,000 after acquiring an additional 82,409 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Stock Performance

Shares of SANM stock opened at $79.46 on Thursday. The business’s 50-day moving average price is $72.96 and its 200-day moving average price is $69.95. Sanmina Co. has a 12 month low of $48.83 and a 12 month high of $86.05. The company has a current ratio of 1.99, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.35 and a beta of 0.91.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, beating the consensus estimate of $1.36 by $0.07. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. Equities research analysts forecast that Sanmina Co. will post 4.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Craig Hallum increased their price objective on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research note 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.