Nicola Wealth Management LTD. Buys 7,000 Shares of Sanmina Co. (NASDAQ:SANM)

Nicola Wealth Management LTD. lifted its position in shares of Sanmina Co. (NASDAQ:SANM) by 12.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,100 shares of the electronics maker’s stock after acquiring an additional 7,000 shares during the quarter. Nicola Wealth Management LTD. owned approximately 0.11% of Sanmina worth $4,182,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Sanmina by 24.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 164 shares during the last quarter. TFG Advisers LLC increased its position in shares of Sanmina by 5.1% during the third quarter. TFG Advisers LLC now owns 4,179 shares of the electronics maker’s stock worth $286,000 after buying an additional 203 shares during the period. SummerHaven Investment Management LLC grew its holdings in Sanmina by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 11,881 shares of the electronics maker’s stock worth $787,000 after purchasing an additional 224 shares during the period. Atomi Financial Group Inc. increased its position in Sanmina by 5.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,788 shares of the electronics maker’s stock valued at $328,000 after buying an additional 226 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Sanmina by 108.4% during the second quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 257 shares in the last quarter. Institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on SANM shares. Craig Hallum boosted their price target 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. StockNews.com upgraded Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 7th.

Sanmina Stock Performance

Shares of NASDAQ:SANM traded down $0.51 during trading on Thursday, hitting $78.08. 33,963 shares of the company were exchanged, compared to its average volume of 427,171. Sanmina Co. has a 52-week low of $48.58 and a 52-week high of $86.05. The company has a market cap of $4.27 billion, a PE ratio of 20.10, a P/E/G ratio of 1.36 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. The stock has a 50 day moving average of $69.48 and a 200 day moving average of $68.42.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 earnings per share. As a group, equities research analysts predict that Sanmina Co. will post 4.84 EPS 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.