Global Alpha Capital Management Ltd. Has $63.14 Million Stock Holdings in Sanmina Co. (NASDAQ:SANM)

Global Alpha Capital Management Ltd. lifted its position in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 19.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 922,391 shares of the electronics maker's stock after acquiring an additional 149,600 shares during the quarter. Sanmina makes up 4.1% of Global Alpha Capital Management Ltd.'s investment portfolio, making the stock its 6th largest position. Global Alpha Capital Management Ltd. owned approximately 1.69% of Sanmina worth $63,138,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SANM. GAMMA Investing LLC raised its holdings in shares of Sanmina by 108.4% during the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker's stock valued at $33,000 after buying an additional 257 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Sanmina by 24.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker's stock worth $56,000 after purchasing an additional 164 shares during the period. Innealta Capital LLC purchased a new position in Sanmina in the 2nd quarter worth approximately $116,000. CWM LLC increased 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 purchasing an additional 513 shares during the period. Finally, KBC Group NV increased its stake in 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 period. Institutional investors own 92.71% of the company's stock.

Analysts Set New Price Targets

SANM has been the topic of a number of analyst reports. StockNews.com raised Sanmina from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th. Craig Hallum lifted their price objective on Sanmina from $62.00 to $69.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th.

Sanmina Stock Up 0.8 %

Sanmina stock traded up $0.64 during mid-day trading on Wednesday, hitting $77.58. The company had a trading volume of 383,870 shares, compared to its average volume of 424,997. Sanmina Co. has a 12 month low of $48.83 and a 12 month high of $86.05. The stock's 50 day moving average price is $70.50 and its two-hundred day moving average price is $68.90. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $4.24 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 1.30 and a beta of 0.89.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.07. The company 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%. Sanmina's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 earnings per share. As a group, sell-side analysts anticipate that Sanmina Co. will post 4.84 earnings per share for the current fiscal 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.