Cwm LLC Boosts Holdings in Sanmina Corporation (NASDAQ:SANM)

Cwm LLC lifted its stake in Sanmina Corporation (NASDAQ:SANM) by 26.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,466 shares of the electronics maker’s stock after purchasing an additional 303 shares during the quarter. Cwm LLC’s holdings in Sanmina were worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SANM. Summit Investment Advisors Inc. lifted its holdings in shares of Sanmina by 2.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,620 shares of the electronics maker’s stock valued at $425,000 after purchasing an additional 121 shares in the last quarter. Mariner LLC lifted its holdings in Sanmina by 3.5% in the fourth quarter. Mariner LLC now owns 4,510 shares of the electronics maker’s stock valued at $341,000 after acquiring an additional 152 shares during the period. Xponance Inc. lifted its holdings in Sanmina by 3.4% in the first quarter. Xponance Inc. now owns 4,687 shares of the electronics maker’s stock valued at $357,000 after acquiring an additional 152 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Sanmina by 1.5% in the first quarter. SummerHaven Investment Management LLC now owns 11,709 shares of the electronics maker’s stock valued at $892,000 after acquiring an additional 172 shares during the period. Finally, Kendall Capital Management lifted its holdings in Sanmina by 3.1% in the first quarter. Kendall Capital Management now owns 6,395 shares of the electronics maker’s stock valued at $487,000 after acquiring an additional 190 shares during the period. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Bank of America increased their target price on Sanmina from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, July 11th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 24th.

Sanmina Stock Performance

NASDAQ SANM opened at $115.90 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.22. Sanmina Corporation has a 1-year low of $61.52 and a 1-year high of $121.70. The business has a 50 day simple moving average of $95.11 and a two-hundred day simple moving average of $85.34. The stock has a market capitalization of $6.18 billion, a PE ratio of 24.82, a P/E/G ratio of 1.86 and a beta of 1.17.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, July 28th. The electronics maker reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.11. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. Sanmina had a return on equity of 11.30% and a net margin of 3.22%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. On average, research analysts predict that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

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.