Nicola Wealth Management LTD. Increases Stake in Sanmina Co. (NASDAQ:SANM)

Nicola Wealth Management LTD. lifted its stake in shares of Sanmina Co. (NASDAQ:SANM) by 12.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 61,100 shares of the electronics maker’s stock after buying an additional 7,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Sanmina were worth $4,182,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SANM. UniSuper Management Pty Ltd bought a new position in Sanmina during the 1st quarter valued at approximately $741,000. Janus Henderson Group PLC lifted its position in Sanmina by 64.8% during the first quarter. Janus Henderson Group PLC now owns 134,807 shares of the electronics maker’s stock valued at $8,381,000 after purchasing an additional 52,995 shares during the period. Atria Investments Inc purchased a new stake in Sanmina in the first quarter worth approximately $1,005,000. Oppenheimer Asset Management Inc. raised its stake in Sanmina by 40.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,692 shares of the electronics maker’s stock valued at $2,298,000 after buying an additional 10,000 shares during the last quarter. Finally, Caxton Associates LP lifted its holdings in shares of Sanmina by 365.9% during the 2nd quarter. Caxton Associates LP now owns 22,276 shares of the electronics maker’s stock valued at $1,476,000 after buying an additional 17,495 shares during the period. Institutional investors own 92.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SANM shares. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. Craig Hallum increased their target price on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th.

Sanmina Trading Down 0.6 %

Shares of SANM traded down $0.51 during trading hours on Thursday, reaching $78.08. 33,963 shares of the company traded hands, compared to its average volume of 427,171. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.36 and a beta of 0.89. The stock’s fifty day moving average price is $69.48 and its 200 day moving average price is $68.42. Sanmina Co. has a 12-month low of $48.58 and a 12-month high of $86.05. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, beating 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 firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts forecast 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.