Sanmina Co. (NASDAQ:SANM) Shares Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. raised its holdings in Sanmina Co. (NASDAQ:SANMFree Report) by 23.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,437 shares of the electronics maker’s stock after purchasing an additional 5,751 shares during the period. Hantz Financial Services Inc. owned 0.06% of Sanmina worth $2,303,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new stake in Sanmina in the 3rd quarter valued at approximately $32,000. R Squared Ltd purchased a new stake in shares of Sanmina in the fourth quarter valued at $58,000. Northwestern Mutual Wealth Management Co. boosted its stake 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 valued at $56,000 after acquiring an additional 164 shares during the last quarter. GAMMA Investing LLC increased its position in Sanmina by 88.5% during the 3rd quarter. GAMMA Investing LLC now owns 931 shares of the electronics maker’s stock worth $64,000 after purchasing an additional 437 shares in the last quarter. Finally, CWM LLC raised its stake in Sanmina by 40.5% in the 3rd quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock valued at $122,000 after purchasing an additional 513 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Price Performance

SANM opened at $84.21 on Friday. Sanmina Co. has a 1 year low of $57.28 and a 1 year high of $86.05. The company’s 50 day simple moving average is $79.29 and its 200 day simple moving average is $73.41. The stock has a market capitalization of $4.54 billion, a PE ratio of 21.54, a P/E/G ratio of 1.41 and a beta of 0.91. 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:SANMGet Free Report) last announced its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. Sanmina’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $1.20 EPS. As a group, sell-side analysts expect that Sanmina Co. will post 4.84 EPS for the current year.

Sanmina announced that its board has initiated a stock repurchase program on Monday, January 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the electronics maker to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have issued reports on SANM. Craig Hallum raised their price target on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Bank of America raised shares of Sanmina from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $58.00 to $92.00 in a research note on Wednesday. Finally, StockNews.com upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

View Our Latest Stock Analysis on SANM

Sanmina Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SANM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sanmina Co. (NASDAQ:SANMFree Report).

Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.