Nicola Wealth Management LTD. Increases Stock Position in Sanmina Co. (NASDAQ:SANM)

Nicola Wealth Management LTD. lifted its holdings in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 38.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,100 shares of the electronics maker's stock after buying an additional 15,000 shares during the quarter. Nicola Wealth Management LTD. owned about 0.10% of Sanmina worth $2,779,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC increased its holdings in Sanmina by 498.3% during the 3rd quarter. FMR LLC now owns 489,308 shares of the electronics maker's stock worth $26,560,000 after acquiring an additional 407,528 shares during the period. Earnest Partners LLC increased its holdings in Sanmina by 19.1% during the 3rd quarter. Earnest Partners LLC now owns 1,182,552 shares of the electronics maker's stock worth $64,189,000 after acquiring an additional 189,832 shares during the period. New York State Common Retirement Fund increased its holdings in Sanmina by 60.0% during the 3rd quarter. New York State Common Retirement Fund now owns 367,621 shares of the electronics maker's stock worth $19,954,000 after acquiring an additional 137,922 shares during the period. Assenagon Asset Management S.A. increased its holdings in Sanmina by 25.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 486,781 shares of the electronics maker's stock worth $26,422,000 after acquiring an additional 98,264 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Sanmina by 56.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 214,852 shares of the electronics maker's stock worth $11,662,000 after acquiring an additional 77,889 shares during the period. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sanmina news, Director Eugene A. Delaney sold 7,181 shares of the firm's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $64.91, for a total transaction of $466,118.71. Following the completion of the sale, the director now directly owns 100,887 shares in the company, valued at approximately $6,548,575.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Eugene A. Delaney sold 7,181 shares of Sanmina stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $64.91, for a total value of $466,118.71. Following the completion of the sale, the director now directly owns 100,887 shares in the company, valued at $6,548,575.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 3,528 shares of the firm's stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $65.43, for a total transaction of $230,837.04. Following the completion of the transaction, the executive vice president now directly owns 37,651 shares in the company, valued at approximately $2,463,504.93. The disclosure for this sale can be found here. Insiders sold a total of 11,103 shares of company stock worth $720,600 in the last three months. 3.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on SANM shares. Craig Hallum reaffirmed a "hold" rating and set a $62.00 target price on shares of Sanmina in a report on Tuesday, April 30th. Fox Advisors initiated coverage on shares of Sanmina in a report on Wednesday, March 6th. They issued an "overweight" rating and a $80.00 price target on the stock.

Sanmina Trading Up 1.9 %

Shares of Sanmina stock traded up $1.23 during trading on Friday, reaching $66.99. The company's stock had a trading volume of 327,506 shares, compared to its average volume of 475,407. Sanmina Co. has a 52-week low of $43.40 and a 52-week high of $69.69. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.01 and a beta of 1.01. The firm's 50-day moving average is $61.56 and its two-hundred day moving average is $56.45. The company has a quick ratio of 1.25, a current ratio of 2.00 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its earnings results on Monday, April 29th. The electronics maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.09 by $0.21. Sanmina had a net margin of 3.11% and a return on equity of 11.98%. The firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the company posted $1.37 EPS. The company's quarterly revenue was down 20.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Sanmina Co. will post 4.86 earnings per share for the current 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.

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