Sanmina Co. (NASDAQ:SANM) Stock Holdings Decreased by Navellier & Associates Inc.

Navellier & Associates Inc. reduced its position in shares of Sanmina Co. (NASDAQ:SANM) by 23.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,084 shares of the electronics maker’s stock after selling 1,260 shares during the quarter. Navellier & Associates Inc.’s holdings in Sanmina were worth $280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Global Alpha Capital Management Ltd. increased its stake in Sanmina by 19.4% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker’s stock valued at $63,138,000 after buying an additional 149,600 shares during the period. Royce & Associates LP increased its stake in shares of Sanmina by 36.7% in the third quarter. Royce & Associates LP now owns 402,098 shares of the electronics maker’s stock worth $27,524,000 after acquiring an additional 107,906 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Sanmina by 14.0% in the second quarter. American Century Companies Inc. now owns 875,132 shares of the electronics maker’s stock worth $57,977,000 after acquiring an additional 107,474 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Sanmina by 8.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker’s stock worth $77,399,000 after acquiring an additional 86,492 shares in the last quarter. Finally, Phocas Financial Corp. acquired a new stake in Sanmina during the third quarter valued at $5,340,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Trading Down 0.1 %

Sanmina stock opened at $79.41 on Friday. Sanmina Co. has a one year low of $48.83 and a one year high of $86.05. The company’s fifty day moving average price is $71.02 and its two-hundred day moving average price is $69.04. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.05 and a quick ratio of 1.32.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, beating 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 business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business earned $1.20 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, analysts forecast that Sanmina Co. will post 4.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.