Captrust Financial Advisors Grows Holdings in Sanmina Co. (NASDAQ:SANM)

Captrust Financial Advisors increased its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 19.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,689 shares of the electronics maker’s stock after acquiring an additional 1,268 shares during the quarter. Captrust Financial Advisors’ holdings in Sanmina were worth $526,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Sanmina by 24.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 164 shares during the last quarter. TFG Advisers LLC lifted its stake in shares of Sanmina by 5.1% in the 3rd quarter. TFG Advisers LLC now owns 4,179 shares of the electronics maker’s stock worth $286,000 after acquiring an additional 203 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Sanmina by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 11,881 shares of the electronics maker’s stock valued at $787,000 after purchasing an additional 224 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. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 buying an additional 287 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Price Performance

Sanmina stock opened at $80.02 on Thursday. The business’s 50-day simple moving average is $74.10 and its 200 day simple moving average is $70.37. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.32 and a beta of 0.91. Sanmina Co. has a 12-month low of $48.83 and a 12-month high of $86.05. The company has a quick ratio of 1.25, a current ratio of 1.99 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. Sanmina’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 EPS. As a group, research analysts anticipate that Sanmina Co. will post 4.84 earnings per share for the current year.

Analysts Set New Price Targets

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

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.