Freedom Investment Management Inc. Has $474,000 Holdings in Sanmina Co. (NASDAQ:SANM)

Freedom Investment Management Inc. grew its holdings in Sanmina Co. (NASDAQ:SANM) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,926 shares of the electronics maker’s stock after buying an additional 662 shares during the period. Freedom Investment Management Inc.’s holdings in Sanmina were worth $474,000 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 business. Global Alpha Capital Management Ltd. raised its stake in Sanmina by 19.4% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker’s stock valued at $63,138,000 after acquiring an additional 149,600 shares during the period. Royce & Associates LP raised its position in shares of Sanmina by 36.7% in the third quarter. Royce & Associates LP now owns 402,098 shares of the electronics maker’s stock valued at $27,524,000 after purchasing an additional 107,906 shares during the period. American Century Companies Inc. lifted its stake 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. lifted its stake 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. Finally, FMR LLC boosted its holdings in shares of Sanmina by 5.0% during the 3rd quarter. FMR LLC now owns 1,715,767 shares of the electronics maker’s stock worth $117,444,000 after buying an additional 82,409 shares during the period. 92.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SANM has been the subject of several research reports. Craig Hallum raised their price objective on shares of Sanmina from $62.00 to $69.00 and gave the stock 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 report on Thursday, November 21st.

Sanmina Price Performance

Shares of Sanmina stock opened at $79.41 on Friday. 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 stock 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 twelve month low of $48.83 and a twelve month high of $86.05. The company has a 50-day simple moving average of $72.29 and a two-hundred day simple moving average of $69.63.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. The business had revenue of $2.02 billion during 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 for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 earnings per share. Analysts forecast that Sanmina Co. will post 4.84 EPS 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.