Empower Advisory Group LLC Buys 2,567 Shares of Sanmina Co. (NASDAQ:SANM)

Empower Advisory Group LLC increased its stake in Sanmina Co. (NASDAQ:SANM) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 262,252 shares of the electronics maker’s stock after acquiring an additional 2,567 shares during the period. Empower Advisory Group LLC’s holdings in Sanmina were worth $17,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SANM. GAMMA Investing LLC lifted 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 acquiring an additional 257 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in 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 purchasing an additional 164 shares during the period. Innealta Capital LLC purchased a new position in Sanmina during the 2nd quarter valued at about $116,000. CWM LLC increased its holdings in Sanmina by 40.5% during the 3rd quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock valued at $122,000 after purchasing an additional 513 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Sanmina by 16.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,129 shares of the electronics maker’s stock valued at $146,000 after purchasing an additional 299 shares during the period. Institutional investors own 92.71% of the company’s stock.

Sanmina Stock Down 2.7 %

Shares of NASDAQ:SANM opened at $78.59 on Thursday. Sanmina Co. has a 1 year low of $48.24 and a 1 year high of $86.05. The stock’s 50-day moving average is $69.24 and its 200 day moving average is $68.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.05 and a quick ratio of 1.32. The company has a market cap of $4.29 billion, a PE ratio of 20.10, a P/E/G ratio of 1.36 and a beta of 0.89.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share 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 firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business earned $1.20 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts anticipate that Sanmina Co. will post 4.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SANM shares. StockNews.com upgraded Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Craig Hallum boosted their price target on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a report on Tuesday, November 5th.

Sanmina 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.