Nisa Investment Advisors LLC Has $166,000 Position in Sanmina Co. (NASDAQ:SANM)

Nisa Investment Advisors LLC grew its position in shares of Sanmina Co. (NASDAQ:SANM) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,200 shares of the electronics maker’s stock after purchasing an additional 125 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sanmina were worth $166,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in Sanmina by 7.4% during the 2nd quarter. AQR Capital Management LLC now owns 102,468 shares of the electronics maker’s stock worth $6,789,000 after buying an additional 7,034 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Sanmina by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 31,948 shares of the electronics maker’s stock valued at $2,117,000 after acquiring an additional 583 shares during the last quarter. Creative Planning lifted its holdings in shares of Sanmina by 122.4% during the second quarter. Creative Planning now owns 21,064 shares of the electronics maker’s stock worth $1,395,000 after purchasing an additional 11,594 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Sanmina by 24.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 164 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Sanmina in the second quarter valued at $1,444,000. 92.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on SANM shares. StockNews.com upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Craig Hallum upped their target price on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Bank of America upgraded shares of Sanmina from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $58.00 to $92.00 in a report on Wednesday.

Sanmina Stock Performance

SANM stock opened at $84.21 on Friday. Sanmina Co. has a 1-year low of $57.28 and a 1-year high of $86.05. The company has a current ratio of 1.99, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $79.29 and a 200-day moving average price of $73.41. The firm has a market cap of $4.54 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.41 and a beta of 0.91.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. As a group, equities research analysts expect that Sanmina Co. will post 4.84 earnings per share for the current year.

Sanmina announced that its board has authorized a stock repurchase plan on Monday, January 27th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the electronics maker to purchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Sanmina Company 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.