Isthmus Partners LLC Purchases New Stake in Sanmina Co. (NASDAQ:SANM)

Isthmus Partners LLC purchased a new stake in Sanmina Co. (NASDAQ:SANM) during the third quarter, HoldingsChannel reports. The firm purchased 5,134 shares of the electronics maker’s stock, valued at approximately $351,000.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Sanmina by 108.4% during the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock worth $33,000 after buying an additional 257 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in 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 buying an additional 164 shares during the period. Innealta Capital LLC bought a new position in Sanmina during the 2nd quarter worth $116,000. CWM LLC increased its position in 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 buying an additional 513 shares during the period. Finally, KBC Group NV increased its position in 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 buying an additional 368 shares during the period. Institutional investors own 92.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SANM. StockNews.com upgraded Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Craig Hallum increased their target price on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

Sanmina Stock Performance

SANM opened at $79.41 on Friday. The firm has a market cap of $4.34 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.32 and a beta of 0.89. Sanmina Co. has a 52-week low of $48.83 and a 52-week high of $86.05. 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 fifty day moving average is $72.29 and its 200-day moving average is $69.63.

Sanmina (NASDAQ:SANM) last released its earnings results 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. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm posted $1.20 EPS. Sanmina’s quarterly revenue was down 1.6% on a year-over-year basis. Sell-side analysts expect that Sanmina Co. will post 4.84 EPS for the current fiscal 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.