Sanmina Co. (NASDAQ:SANM) Stock Position Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of Sanmina Co. (NASDAQ:SANM) by 11.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 542,386 shares of the electronics maker’s stock after buying an additional 55,605 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.95% of Sanmina worth $27,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. West Tower Group LLC bought a new position in shares of Sanmina in the second quarter valued at approximately $51,000. Farther Finance Advisors LLC raised its holdings in Sanmina by 1,922.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,011 shares of the electronics maker’s stock worth $61,000 after acquiring an additional 961 shares during the period. Covestor Ltd lifted its position in Sanmina by 85.8% during the 1st quarter. Covestor Ltd now owns 2,473 shares of the electronics maker’s stock worth $100,000 after acquiring an additional 1,142 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in Sanmina by 154.4% during the third quarter. Ronald Blue Trust Inc. now owns 2,020 shares of the electronics maker’s stock valued at $110,000 after acquiring an additional 1,226 shares during the period. Finally, CI Investments Inc. boosted its holdings in Sanmina by 3,686.4% during the third quarter. CI Investments Inc. now owns 3,067 shares of the electronics maker’s stock valued at $166,000 after acquiring an additional 2,986 shares during the period. Institutional investors own 92.71% of the company’s stock.

Insiders Place Their Bets

In related news, Director Susan A. Johnson sold 1,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $60.64, for a total transaction of $60,640.00. Following the transaction, the director now owns 7,811 shares in the company, valued at approximately $473,659.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.09% of the company’s stock.

Sanmina Trading Up 0.6 %

Shares of SANM opened at $60.55 on Wednesday. The stock has a 50 day simple moving average of $59.40 and a 200-day simple moving average of $54.14. The company has a current ratio of 1.99, a quick ratio of 1.23 and a debt-to-equity ratio of 0.14. The stock has a market cap of $3.44 billion, a PE ratio of 13.08, a PEG ratio of 0.95 and a beta of 1.04. Sanmina Co. has a 1 year low of $43.40 and a 1 year high of $69.69.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, January 29th. The electronics maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the business earned $1.49 earnings per share. The business’s revenue was down 20.4% on a year-over-year basis. On average, sell-side analysts predict that Sanmina Co. will post 4.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SANM shares. Fox Advisors assumed coverage on Sanmina in a research report on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price objective for the company. Bank of America reiterated an “underperform” rating and set a $45.00 price target on shares of Sanmina in a report on Friday, December 15th.

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.