Wilmington Savings Fund Society FSB Invests $32,000 in Sanmina Co. (NASDAQ:SANM)

Wilmington Savings Fund Society FSB acquired a new stake in Sanmina Co. (NASDAQ:SANM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 467 shares of the electronics maker’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Sanmina by 24.1% in 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. TFG Advisers LLC increased its holdings in Sanmina by 5.1% during the 3rd quarter. TFG Advisers LLC now owns 4,179 shares of the electronics maker’s stock valued at $286,000 after acquiring an additional 203 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in Sanmina by 5.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,788 shares of the electronics maker’s stock valued at $328,000 after acquiring an additional 226 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Sanmina by 8.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,571 shares of the electronics maker’s stock worth $237,000 after acquiring an additional 287 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Sanmina by 16.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,129 shares of the electronics maker’s stock valued at $146,000 after buying an additional 299 shares in the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com raised Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Craig Hallum boosted their target price on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th.

Sanmina Trading Down 0.3 %

Shares of SANM opened at $76.62 on Monday. Sanmina Co. has a fifty-two week low of $48.83 and a fifty-two week high of $86.05. The company has a market capitalization of $4.13 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The stock has a fifty day moving average of $75.77 and a two-hundred day moving average of $70.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 1.99.

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, beating analysts’ consensus estimates of $1.36 by $0.07. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. Sanmina’s revenue was down 1.6% compared to the same quarter last year. As a group, analysts forecast that Sanmina Co. will post 4.84 EPS for the current year.

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.