Bridgewater Associates LP Has $3.98 Million Position in Sanmina Co. (NASDAQ:SANM)

Bridgewater Associates LP decreased its position in shares of Sanmina Co. (NASDAQ:SANM) by 0.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 58,146 shares of the electronics maker’s stock after selling 447 shares during the quarter. Bridgewater Associates LP’s holdings in Sanmina were worth $3,980,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SANM. Price T Rowe Associates Inc. MD boosted its holdings in Sanmina by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,120 shares of the electronics maker’s stock valued at $2,433,000 after acquiring an additional 1,845 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Sanmina by 64.8% in the 1st quarter. Janus Henderson Group PLC now owns 134,807 shares of the electronics maker’s stock valued at $8,381,000 after purchasing an additional 52,995 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of Sanmina during the 1st quarter worth approximately $1,005,000. GAMMA Investing LLC raised its stake in shares of Sanmina by 108.4% during 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. Finally, SG Americas Securities LLC lifted its holdings in Sanmina by 71.7% in the second quarter. SG Americas Securities LLC now owns 11,161 shares of the electronics maker’s stock valued at $739,000 after buying an additional 4,660 shares during the period. 92.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Sanmina Price Performance

Shares of SANM stock opened at $79.41 on Friday. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.32 and a beta of 0.89. Sanmina Co. has a 12-month low of $48.83 and a 12-month high of $86.05. The company has a quick ratio of 1.32, a current ratio of 2.05 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average of $72.29 and a 200-day moving average of $69.63.

Sanmina (NASDAQ:SANM) last announced its quarterly 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. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Sanmina Co. will post 4.84 earnings per share for the current 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.