World Investment Advisors LLC Makes New $1.46 Million Investment in Sanmina Co. (NASDAQ:SANM)

World Investment Advisors LLC purchased a new stake in shares of Sanmina Co. (NASDAQ:SANM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 21,288 shares of the electronics maker’s stock, valued at approximately $1,457,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its position in Sanmina by 24.1% during 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. TFG Advisers LLC lifted its holdings in shares of Sanmina by 5.1% during the 3rd quarter. TFG Advisers LLC now owns 4,179 shares of the electronics maker’s stock valued at $286,000 after buying an additional 203 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Sanmina by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 11,881 shares of the electronics maker’s stock valued at $787,000 after buying an additional 224 shares during the last quarter. Atomi Financial Group Inc. grew its stake in shares of Sanmina by 5.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,788 shares of the electronics maker’s stock valued at $328,000 after buying an additional 226 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Sanmina by 8.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,571 shares of the electronics maker’s stock worth $237,000 after buying an additional 287 shares during the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com raised shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Craig Hallum lifted their price objective on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th.

Sanmina Stock Down 1.1 %

Shares of Sanmina stock opened at $80.05 on Friday. Sanmina Co. has a 12-month low of $48.83 and a 12-month high of $86.05. The company has a quick ratio of 1.25, a current ratio of 1.99 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $74.65 and a two-hundred day moving average price of $70.53. The stock has a market capitalization of $4.32 billion, a P/E ratio of 20.47, a PEG ratio of 1.35 and a beta of 0.91.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. Sanmina’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. Equities analysts expect that Sanmina Co. will post 4.84 earnings per share for the current 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.