Nisa Investment Advisors LLC Has $142,000 Holdings in Sanmina Co. (NASDAQ:SANM)

Nisa Investment Advisors LLC lessened its holdings in Sanmina Co. (NASDAQ:SANM) by 18.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,075 shares of the electronics maker’s stock after selling 477 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sanmina were worth $142,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SANM. Vanguard Group Inc. raised its stake in Sanmina by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,154,640 shares of the electronics maker’s stock worth $444,876,000 after acquiring an additional 45,918 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake 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 valued at $77,399,000 after purchasing an additional 86,492 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Sanmina by 14.0% during the second quarter. American Century Companies Inc. now owns 875,132 shares of the electronics maker’s stock valued at $57,977,000 after purchasing an additional 107,474 shares in the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Sanmina by 10.2% during the first quarter. Global Alpha Capital Management Ltd. now owns 747,191 shares of the electronics maker’s stock worth $46,460,000 after purchasing an additional 69,300 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Sanmina by 11.5% in the second quarter. Bank of New York Mellon Corp now owns 578,458 shares of the electronics maker’s stock valued at $38,323,000 after buying an additional 59,849 shares during the period. Institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sanmina Stock Performance

Shares of SANM stock opened at $83.40 on Friday. The stock has a market capitalization of $4.56 billion, a PE ratio of 21.33, a PEG ratio of 1.66 and a beta of 0.89. The business’s 50 day simple moving average is $68.40 and its 200 day simple moving average is $67.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.03 and a quick ratio of 1.27. Sanmina Co. has a one year low of $45.45 and a one year high of $86.05.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 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 10.52%. 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. The company’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, research analysts forecast that Sanmina Co. will post 5.07 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.