Nicola Wealth Management LTD. raised its holdings in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 12.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,100 shares of the electronics maker's stock after acquiring an additional 7,000 shares during the quarter. Nicola Wealth Management LTD. owned approximately 0.11% of Sanmina worth $4,182,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SANM. GAMMA Investing LLC boosted 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 valued at $33,000 after acquiring an additional 257 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Sanmina by 24.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker's stock valued at $56,000 after purchasing an additional 164 shares during the period. Innealta Capital LLC acquired a new stake in Sanmina in the 2nd quarter worth about $116,000. CWM LLC boosted its stake in Sanmina by 40.5% in the 3rd 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 grew its holdings in Sanmina by 25.5% in the 3rd quarter. KBC Group NV now owns 1,811 shares of the electronics maker's stock valued at $124,000 after buying an additional 368 shares during the period. Institutional investors and hedge funds own 92.71% of the company's stock.
Analysts Set New Price Targets
SANM has been the topic of several research analyst reports. Craig Hallum raised their target price 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 upgraded shares of Sanmina from a "hold" rating to a "buy" rating in a report on Thursday, November 7th.
Get Our Latest Stock Analysis on Sanmina
Sanmina Trading Down 1.2 %
NASDAQ SANM traded down $0.94 during mid-day trading on Thursday, hitting $77.65. The company's stock had a trading volume of 281,467 shares, compared to its average volume of 428,291. The firm has a market capitalization of $4.24 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.05 and a quick ratio of 1.32. Sanmina Co. has a 52-week low of $48.58 and a 52-week high of $86.05. The stock's fifty day simple moving average is $69.48 and its two-hundred day simple moving average is $68.42.
Sanmina (NASDAQ:SANM - Get Free Report) last issued its earnings results on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.07. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $1.20 EPS. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. Research analysts expect that Sanmina Co. will post 4.84 EPS for the current year.
About Sanmina
(
Free Report)
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.
See Also
Before you consider Sanmina, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sanmina wasn't on the list.
While Sanmina currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
