Isthmus Partners LLC Acquires New Holdings in Sanmina Co. (NASDAQ:SANM)

Isthmus Partners LLC acquired a new stake in Sanmina Co. (NASDAQ:SANM) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 5,134 shares of the electronics maker’s stock, valued at approximately $351,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position 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 valued at $56,000 after purchasing an additional 164 shares during the period. TFG Advisers LLC grew its position 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 valued at $286,000 after purchasing an additional 203 shares during the period. SummerHaven Investment Management LLC grew its position 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 during the period. Atomi Financial Group Inc. boosted its position in Sanmina by 5.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,788 shares of the electronics maker’s stock worth $328,000 after acquiring an additional 226 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Sanmina by 108.4% during the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 257 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Trading Up 0.9 %

Shares of Sanmina stock opened at $79.41 on Friday. Sanmina Co. has a 12-month low of $48.83 and a 12-month high of $86.05. The stock has a market cap of $4.34 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.32 and a beta of 0.89. The company has a quick ratio of 1.32, a current ratio of 2.05 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $72.29 and its 200-day moving average is $69.63.

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

Wall Street Analyst Weigh In

SANM has been the subject of a number of recent research reports. StockNews.com raised Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Craig Hallum upped their price target on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th.

Sanmina 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.