Ritholtz Wealth Management Cuts Stake in Sanmina Co. (NASDAQ:SANM)

Ritholtz Wealth Management cut its stake in Sanmina Co. (NASDAQ:SANM) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,947 shares of the electronics maker’s stock after selling 203 shares during the quarter. Ritholtz Wealth Management’s holdings in Sanmina were worth $677,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sanmina during the third quarter worth about $32,000. Northwestern Mutual Wealth Management Co. increased its position 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 worth $56,000 after acquiring an additional 164 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Sanmina by 88.5% during the third quarter. GAMMA Investing LLC now owns 931 shares of the electronics maker’s stock worth $64,000 after acquiring an additional 437 shares during the last quarter. CWM LLC increased its position in shares of Sanmina by 40.5% during the third quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock worth $122,000 after acquiring an additional 513 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Sanmina by 25.5% during the third quarter. KBC Group NV now owns 1,811 shares of the electronics maker’s stock worth $124,000 after acquiring an additional 368 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Stock Up 0.5 %

NASDAQ:SANM opened at $82.97 on Tuesday. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.30 and a beta of 0.91. Sanmina Co. has a one year low of $49.54 and a one year high of $86.05. The stock has a 50-day simple moving average of $78.65 and a 200 day simple moving average of $72.72. 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:SANM) last posted its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.20 earnings per share. Sell-side analysts predict that Sanmina Co. will post 4.84 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.