Wealth Enhancement Advisory Services LLC Buys 1,168 Shares of Sanmina Co. (NASDAQ:SANM)

Wealth Enhancement Advisory Services LLC grew its position in Sanmina Co. (NASDAQ:SANM) by 32.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,724 shares of the electronics maker’s stock after acquiring an additional 1,168 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Sanmina were worth $357,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Citigroup Inc. increased its holdings in Sanmina by 64.6% in the 3rd quarter. Citigroup Inc. now owns 73,938 shares of the electronics maker’s stock worth $5,061,000 after purchasing an additional 29,028 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Sanmina by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,515,128 shares of the electronics maker’s stock worth $103,727,000 after purchasing an additional 35,622 shares during the last quarter. Barclays PLC increased its stake in shares of Sanmina by 296.3% in the third quarter. Barclays PLC now owns 92,863 shares of the electronics maker’s stock valued at $6,358,000 after buying an additional 69,431 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Sanmina in the 3rd quarter valued at approximately $2,224,000. Finally, JPMorgan Chase & Co. boosted its position in Sanmina by 255.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 509,906 shares of the electronics maker’s stock worth $34,903,000 after buying an additional 366,653 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on SANM shares. Craig Hallum upped their price target on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. StockNews.com upgraded Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 21st.

Sanmina Price Performance

Shares of SANM opened at $82.97 on Friday. The business has a 50-day moving average of $78.65 and a 200-day moving average of $72.51. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.99 and a quick ratio of 1.25. 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 1 year low of $49.54 and a 1 year high of $86.05.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results 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 net margin of 2.94% and a return on equity of 10.47%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business earned $1.20 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Sanmina Co. will post 4.84 earnings per share for the current year.

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.