Sanmina Co. (NASDAQ:SANM) Position Boosted by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. lifted its stake in shares of Sanmina Co. (NASDAQ:SANM) by 19.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 922,391 shares of the electronics maker’s stock after buying an additional 149,600 shares during the quarter. Sanmina accounts for approximately 4.1% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 6th largest holding. Global Alpha Capital Management Ltd.’s holdings in Sanmina were worth $63,138,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Sanmina by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,154,640 shares of the electronics maker’s stock worth $444,876,000 after acquiring an additional 45,918 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Sanmina by 8.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker’s stock worth $77,399,000 after purchasing an additional 86,492 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Sanmina by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 875,132 shares of the electronics maker’s stock worth $57,977,000 after purchasing an additional 107,474 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Sanmina by 11.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 578,458 shares of the electronics maker’s stock worth $38,323,000 after purchasing an additional 59,849 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Sanmina by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 406,994 shares of the electronics maker’s stock worth $27,859,000 after purchasing an additional 3,591 shares during the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Stock Performance

Shares of NASDAQ SANM opened at $76.94 on Wednesday. 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 stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 1.30 and a beta of 0.89. The stock’s fifty day simple moving average is $70.50 and its 200 day simple moving average is $68.90. Sanmina Co. has a 52-week low of $48.83 and a 52-week high of $86.05.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, beating 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 firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Sanmina Co. will post 4.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SANM. Craig Hallum raised their price target on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. StockNews.com raised Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th.

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.