Navellier & Associates Inc. Has $280,000 Stock Holdings in Sanmina Co. (NASDAQ:SANM)

Navellier & Associates Inc. decreased its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 23.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,084 shares of the electronics maker’s stock after selling 1,260 shares during the quarter. Navellier & Associates Inc.’s holdings in Sanmina were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SANM. Russell Investments Group Ltd. boosted its holdings in Sanmina by 107.5% in the 1st quarter. Russell Investments Group Ltd. now owns 37,341 shares of the electronics maker’s stock valued at $2,322,000 after purchasing an additional 19,349 shares during the period. State Board of Administration of Florida Retirement System grew its position in Sanmina by 20.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 19,972 shares of the electronics maker’s stock worth $1,218,000 after buying an additional 3,394 shares in the last quarter. Vanguard Group Inc. increased its stake in Sanmina by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,154,640 shares of the electronics maker’s stock valued at $444,876,000 after acquiring an additional 45,918 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Sanmina by 2.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 21,369 shares of the electronics maker’s stock valued at $1,329,000 after acquiring an additional 594 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Sanmina by 2.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 50,429 shares of the electronics maker’s stock worth $3,133,000 after acquiring an additional 1,260 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

Wall Street Analysts Forecast Growth

SANM has been the topic of a number of research reports. Craig Hallum boosted their price objective on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. StockNews.com raised shares of Sanmina from a “hold” rating to a “buy” rating in a report on Thursday.

Sanmina Trading Down 0.1 %

Shares of SANM opened at $79.41 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.34 billion, a PE ratio of 20.31, a PEG ratio of 1.34 and a beta of 0.89. Sanmina Co. has a 1 year low of $48.83 and a 1 year high of $86.05. The stock has a 50 day simple moving average of $71.02 and a 200-day simple moving average of $69.04.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company posted $1.20 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Sanmina Co. will post 4.84 EPS for the current fiscal 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.