Victory Capital Management Inc. Has $27.86 Million Stake in Sanmina Co. (NASDAQ:SANM)

Victory Capital Management Inc. raised its position in Sanmina Co. (NASDAQ:SANM) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 406,994 shares of the electronics maker’s stock after buying an additional 3,591 shares during the quarter. Victory Capital Management Inc. owned about 0.74% of Sanmina worth $27,859,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Sanmina by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,154,640 shares of the electronics maker’s stock valued at $444,876,000 after purchasing an additional 45,918 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Sanmina by 8.0% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker’s stock worth $77,399,000 after buying an additional 86,492 shares during the last quarter. American Century Companies Inc. boosted its stake in 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 buying an additional 107,474 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Sanmina by 11.5% in the second quarter. Bank of New York Mellon Corp now owns 578,458 shares of the electronics maker’s stock valued at $38,323,000 after buying an additional 59,849 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in Sanmina by 1.4% in the third quarter. New York State Common Retirement Fund now owns 357,105 shares of the electronics maker’s stock valued at $24,444,000 after acquiring an additional 4,943 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Sanmina Stock Down 0.9 %

Shares of NASDAQ:SANM opened at $76.96 on Monday. The firm has a market cap of $4.21 billion, a P/E ratio of 19.68, a P/E/G ratio of 1.30 and a beta of 0.89. Sanmina Co. has a 12-month low of $48.58 and a 12-month high of $86.05. The business has a fifty day simple moving average of $69.97 and a 200 day simple moving average of $68.63. The company has a quick ratio of 1.32, a current ratio of 2.05 and a debt-to-equity ratio of 0.13.

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. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 earnings per share. Analysts predict that Sanmina Co. will post 4.84 earnings per share for the current year.

About Sanmina

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.