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, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 21,288 shares of the electronics maker’s stock, valued at approximately $1,457,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SANM. Northwestern Mutual Wealth Management Co. boosted its stake 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 buying an additional 164 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Sanmina by 88.5% in the 3rd quarter. GAMMA Investing LLC now owns 931 shares of the electronics maker’s stock worth $64,000 after purchasing an additional 437 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Sanmina in the 2nd quarter worth approximately $116,000. CWM LLC raised its holdings in shares of Sanmina by 40.5% in the 3rd quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 513 shares in the last quarter. Finally, KBC Group NV lifted its stake in Sanmina by 25.5% during the third quarter. KBC Group NV now owns 1,811 shares of the electronics maker’s stock valued at $124,000 after purchasing an additional 368 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sanmina Stock Performance

Sanmina stock opened at $80.05 on Friday. Sanmina Co. has a fifty-two week low of $48.83 and a fifty-two week high of $86.05. The firm’s 50 day simple moving average is $74.65 and its 200-day simple moving average is $70.53. 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.

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

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.