GAMMA Investing LLC Buys 352 Shares of Sanmina Co. (NASDAQ:SANM)

GAMMA Investing LLC lifted its holdings in Sanmina Co. (NASDAQ:SANM) by 37.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,283 shares of the electronics maker’s stock after purchasing an additional 352 shares during the period. GAMMA Investing LLC’s holdings in Sanmina were worth $97,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. lifted its stake in shares of Sanmina by 64.6% in the 3rd quarter. Citigroup Inc. now owns 73,938 shares of the electronics maker’s stock worth $5,061,000 after purchasing an additional 29,028 shares during the period. Geode Capital Management LLC lifted its stake in shares of Sanmina by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,515,128 shares of the electronics maker’s stock worth $103,727,000 after purchasing an additional 35,622 shares during the period. Barclays PLC raised its stake in Sanmina by 296.3% during the 3rd quarter. Barclays PLC now owns 92,863 shares of the electronics maker’s stock worth $6,358,000 after acquiring an additional 69,431 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Sanmina during the 3rd quarter worth approximately $2,224,000. Finally, Oppenheimer Asset Management Inc. raised its stake in Sanmina by 40.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,692 shares of the electronics maker’s stock worth $2,298,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 92.71% of the company’s stock.

Sanmina Price Performance

NASDAQ SANM opened at $77.39 on Friday. Sanmina Co. has a 12 month low of $48.83 and a 12 month high of $86.05. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.35 and a beta of 0.91. The company’s 50 day moving average is $78.41 and its two-hundred day moving average is $71.95. The company has a current ratio of 1.99, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13.

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

Wall Street Analyst Weigh In

SANM has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Craig Hallum raised their target price on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research note 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.