Phocas Financial Corp. Invests $5.34 Million in Sanmina Co. (NASDAQ:SANM)

Phocas Financial Corp. bought a new position in shares of Sanmina Co. (NASDAQ:SANM - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 78,013 shares of the electronics maker's stock, valued at approximately $5,340,000. Phocas Financial Corp. owned 0.14% of Sanmina as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of 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 purchasing an additional 257 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in 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 last quarter. Innealta Capital LLC bought a new position in Sanmina in the second quarter worth about $116,000. CWM LLC boosted its holdings in shares of Sanmina by 40.5% in the 3rd quarter. CWM LLC now owns 1,781 shares of the electronics maker's stock valued at $122,000 after buying an additional 513 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Sanmina by 25.5% in the 3rd quarter. KBC Group NV now owns 1,811 shares of the electronics maker's stock worth $124,000 after buying an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

Sanmina Stock Down 0.1 %

SANM traded down $0.06 on Tuesday, reaching $77.00. The company's stock had a trading volume of 72,102 shares, compared to its average volume of 424,722. The stock has a 50 day moving average of $70.25 and a two-hundred day moving average of $68.79. Sanmina Co. has a fifty-two week low of $48.83 and a fifty-two week 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 company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 1.30 and a beta of 0.89.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the company earned $1.20 EPS. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, analysts forecast that Sanmina Co. will post 4.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SANM shares. Craig Hallum boosted their price target on Sanmina from $62.00 to $69.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Sanmina from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th.

Sanmina 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.