Sanmina Corporation (NASDAQ:SANM) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in Sanmina Corporation (NASDAQ:SANM) by 15.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,542 shares of the electronics maker’s stock after buying an additional 342 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sanmina were worth $194,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in Sanmina during the fourth quarter worth $48,823,000. Franklin Resources Inc. boosted its holdings in Sanmina by 39.6% during the fourth quarter. Franklin Resources Inc. now owns 1,842,302 shares of the electronics maker’s stock worth $139,407,000 after purchasing an additional 522,534 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Sanmina during the 4th quarter worth about $34,868,000. FMR LLC raised its position in shares of Sanmina by 14.2% in the fourth quarter. FMR LLC now owns 1,959,025 shares of the electronics maker’s stock valued at $148,239,000 after purchasing an additional 243,258 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Sanmina during the fourth quarter worth about $12,928,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Ratings Changes

SANM has been the subject of several analyst reports. Bank of America raised their price target on shares of Sanmina from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 24th.

Sanmina Stock Performance

NASDAQ:SANM opened at $104.61 on Friday. The stock’s fifty day moving average is $91.41 and its 200 day moving average is $83.66. The firm has a market capitalization of $5.59 billion, a PE ratio of 24.22, a PEG ratio of 1.60 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 1.96. Sanmina Corporation has a fifty-two week low of $61.52 and a fifty-two week high of $107.03.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, April 28th. The electronics maker reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.03. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. Sanmina had a return on equity of 10.84% and a net margin of 3.09%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share. On average, sell-side analysts anticipate that Sanmina Corporation will post 5.15 earnings per share 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.