7,578 Shares in Sanmina Co. (NASDAQ:SANM) Acquired by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. purchased a new position in Sanmina Co. (NASDAQ:SANM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,578 shares of the electronics maker’s stock, valued at approximately $519,000.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Sanmina by 108.4% in the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 257 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings 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 worth $56,000 after acquiring an additional 164 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Sanmina during the 2nd quarter worth approximately $116,000. CWM LLC raised its holdings in shares of Sanmina by 40.5% during the 3rd quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock worth $122,000 after acquiring an additional 513 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Sanmina by 25.5% during the 3rd quarter. KBC Group NV now owns 1,811 shares of the electronics maker’s stock worth $124,000 after acquiring an additional 368 shares in the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on SANM shares. Craig Hallum upped their price objective on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. StockNews.com raised Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 7th.

Sanmina Stock Performance

NASDAQ SANM opened at $76.96 on Friday. 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. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 2.05. The business’s 50 day moving average price is $69.97 and its 200-day moving average price is $68.57. Sanmina Co. has a fifty-two week low of $48.58 and a fifty-two week high of $86.05.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS. Sell-side analysts predict that Sanmina Co. will post 4.84 earnings per share for the current year.

Sanmina Company 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.