Royce & Associates LP boosted its position in Sanmina Co. (NASDAQ:SANM - Free Report) by 36.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 402,098 shares of the electronics maker's stock after acquiring an additional 107,906 shares during the period. Royce & Associates LP owned 0.74% of Sanmina worth $27,524,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Sanmina by 108.4% in the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker's stock valued at $33,000 after purchasing an additional 257 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Sanmina by 24.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker's stock valued at $56,000 after acquiring an additional 164 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Sanmina in the 2nd quarter valued at $116,000. CWM LLC boosted its position in shares of 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 purchasing an additional 513 shares during the last quarter. Finally, KBC Group NV boosted 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 purchasing an additional 368 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
SANM has been the topic of several analyst reports. StockNews.com raised Sanmina from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th. Craig Hallum upped their price target on Sanmina from $62.00 to $69.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th.
Read Our Latest Analysis on SANM
Sanmina Trading Down 0.9 %
Shares of SANM traded down $0.69 during trading hours on Friday, reaching $76.96. The stock had a trading volume of 238,874 shares, compared to its average volume of 427,437. The firm has a 50-day moving average of $69.97 and a 200 day moving average of $68.57. 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 cap of $4.21 billion, a P/E ratio of 19.68, a P/E/G ratio of 1.32 and a beta of 0.89. Sanmina Co. has a 52 week low of $48.58 and a 52 week high of $86.05.
Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, topping 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 last year, the firm posted $1.20 earnings per share. Sanmina's revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts expect that Sanmina Co. will post 4.84 earnings per share for the current fiscal year.
Sanmina Company Profile
(
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.
Recommended Stories
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
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
