Martingale Asset Management L P Has $4.07 Million Stake in Sanmina Co. (NASDAQ:SANM)

Martingale Asset Management L P lifted its position in shares of Sanmina Co. (NASDAQ:SANM) by 10.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,384 shares of the electronics maker’s stock after acquiring an additional 5,671 shares during the quarter. Martingale Asset Management L P’s holdings in Sanmina were worth $4,065,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Sanmina by 24.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 164 shares in the last quarter. TFG Advisers LLC boosted its holdings in shares of Sanmina by 5.1% during the 3rd quarter. TFG Advisers LLC now owns 4,179 shares of the electronics maker’s stock valued at $286,000 after acquiring an additional 203 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Sanmina by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 11,881 shares of the electronics maker’s stock valued at $787,000 after acquiring an additional 224 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Sanmina by 5.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,788 shares of the electronics maker’s stock valued at $328,000 after acquiring an additional 226 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Sanmina by 108.4% during the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 257 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Stock Up 0.9 %

Shares of SANM opened at $79.41 on Friday. The company has a market capitalization of $4.34 billion, a PE ratio of 20.31, a PEG ratio of 1.32 and a beta of 0.89. Sanmina Co. has a 12 month low of $48.83 and a 12 month high of $86.05. The stock’s 50-day moving average price is $72.29 and its two-hundred day moving average price is $69.63. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, topping the consensus estimate of $1.36 by $0.07. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 EPS. On average, analysts anticipate that Sanmina Co. will post 4.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SANM. StockNews.com raised Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Craig Hallum lifted their target price on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

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.