World Investment Advisors LLC Makes New Investment in Sanmina Co. (NASDAQ:SANM)

World Investment Advisors LLC purchased a new stake in Sanmina Co. (NASDAQ:SANM - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,288 shares of the electronics maker's stock, valued at approximately $1,457,000.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew 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 acquiring an additional 164 shares during the period. GAMMA Investing LLC increased its holdings in shares of Sanmina by 88.5% in the 3rd quarter. GAMMA Investing LLC now owns 931 shares of the electronics maker's stock valued at $64,000 after acquiring an additional 437 shares during the last quarter. Innealta Capital LLC acquired a new stake in Sanmina during the second quarter worth about $116,000. CWM LLC boosted its holdings in shares of Sanmina by 40.5% during the third quarter. CWM LLC now owns 1,781 shares of the electronics maker's stock valued at $122,000 after acquiring an additional 513 shares during the period. 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 worth $124,000 after buying an additional 368 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Sanmina Stock Performance

NASDAQ SANM traded down $0.91 on Friday, reaching $80.05. The stock had a trading volume of 428,011 shares, compared to its average volume of 280,262. Sanmina Co. has a 1-year low of $48.83 and a 1-year high of $86.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.99 and a quick ratio of 1.25. The company has a market cap of $4.32 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The firm has a fifty day moving average of $74.65 and a two-hundred day moving average of $70.55.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly 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. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.20 earnings per share. On average, equities research analysts anticipate that Sanmina Co. will post 4.84 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. StockNews.com raised Sanmina from a "hold" rating to a "buy" rating in a research note on Thursday, November 21st. Craig Hallum increased their target price on Sanmina from $62.00 to $69.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th.

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.